Abracadabra Calls on Sushi for Emergency Assistance as Faulty Oracle Places $10M at Risk
Nov 28,2022,07:12
Lending Protocol Abracadabra published an "Emergency Proposal" to Sushi's governance forum asking the Sushi team to increase interest rates for two Bento vault 'cauldrons' holding $10M worth of cvxRenCrv and yvcrvstETH tokens. It said that for the yvcrvstETH cauldrons, a faulty oracle poses a threat to users who have open positions.
Meanwhile, Abracadabra said that both tokens are not used in any way on SushiSwap, with cvxRenCrv comprising a token wrapper specifically made for Abracadabra, while yvcrvstETH is an interest-bearing token issued by yield aggregator yearn.finance.
