Make use of or not? Here’s the most recent on the Binance Oracle– Venus episode

Reporter

Published: December 11, 2023

• Venus Protocol highlighted issues on its network owing to Binance Oracle concerns
• Belief around BNB decreased, in addition to the rate

Venus Protocol, a decentralized cash maker on the Binance network, remains in the news today after it dealt with some crucial concerns.

Examining the issue

The difficulty started when SlowMist’s Team declared that Venus was at completion of a make use of. The group at Venus quickly clarified that there was no issue with its Core Pool or XVS, highlighting the security of the procedure. The problem originated from a short-term cost disparity in the Binance Oracle. This impacted a particular separated swimming pool with BNB. The Binance Oracle group without delay recognized and resolved the issue.

Following the @chaos_labs suggestions and out of an abundance of care due to today’s Binance Oracle cost feed concern on the Isolated LST BNB Pool, the snBNB market has actually been briefly stopped briefly in addition to 2 other * separated * markets (agEUR, stkBNB) with comparable Binance …

— Venus Protocol (@VenusProtocol) December 10, 2023

The Venus group prepared to propose injecting liquidity from the treasury,

» …
Learn more