Temporary pause on snBNB market and other isolated markets on Venus due to Binance Oracle price feed issue
Temporary pause on snBNB market and other isolated markets on Venus due to Binance Oracle price feed issue
Following recommendations from Chaos Labs, the snBNB market and two other isolated markets have been temporarily paused on Venus due to a Binance Oracle price feed issue. The Venus community will propose injecting liquidity from the treasury to the affected pool while funds are being recovered. Other markets on Venus are unaffected and the Binance Oracle team has fixed the issue.
Following the @chaos_labs recommendations and out of an abundance of caution due to today's Binance Oracle price feed issue on the Isolated LST BNB Pool, the snBNB market has been temporarily paused along with 2 other *isolated* markets (agEUR, stkBNB) with similar Binance
Venus and Binance Oracle will share complete details shortly. The $snBNB price feed is back to normal, Core Pool and other markets are unaffected. Funds are SAFU.
Some facts: Binance Oracle, which supports the asset of snBNB in the *isolated* pool reported a wrong price resulting in about $200k of borrows. This is the only reported issue. This user is associated with a Binance account. There's no issue with the core pool or otherwise.
Venus Protocol Seeks Senior Smart Contract Engineers
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