The BNB Chain Derivatives Decentralized Exchange (DEX) Aster has completed payments to merchants who have been injured by a glitch in its plasma (XPL) eternal market that briefly pushed prices above market levels.
According to Abhishek Pawa, the CEO of the Web3 Agency AP Collective, the issue stemmed From an incorrect configure of the index hard-coded to $ 1. Using the mark price raised before the arrangement, the XPL futures on the aster spin nearly $ 4 while the other areas remained $ 1.30.
The sudden difference -the price of Friday’s price has been able to deprive of unexpected fluids and abnormal charge charges, causing losses to users. However, the platform moved quickly, ensuring Its users whose funds are safe and promise to pay them for any losses.
After a few hours, the Dex Says Payments for the incident are fully distributed on their accounts. Shortly after, aster na -Deploy Another compensation of compensation, including trading and extermination fees.
Aster sends Perps Trading to a sun -day note of $ 100 billion volume
Meanwhile, Aster supported its rapid growth this week, driving the general ongoing DEX volume to $ 104 billion on Friday, marked a fourth straight day of record day -high.
Defillama showed that aster recorded $ 46 billion in volume on Friday, the darling of its competitors was lighter and hyperliquid, both with a strong performance of nearly $ 19 billion and $ 17 billion, respectively.
The volume of aster Started on Wednesdayexceeding its strongest competitor, hyperliquid, with a trading volume of nearly $ 25 billion. At the time of writing, coinglass shown The open interest of that Aster is at $ 1.15 billion.
As the aster metrics continue to climb, community members have expressed concerns over potential risks for merchants.
A member of the community expressed doubt On top of the aster trading volume, which carries airdrop incentives for platform use. Another user encouraged the entrepreneurs to cash out their goods, saying it was easy to lose money at this stage.
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What is the XPL token?
XPL is the native token of plasma, a layer-1 network optimized for stablecoins. The network offers zero-fee tether (USDT) transfer and compatibility by EVM for wise contracts and Na -back by venture capitalist Peter Thiel and Tether CEO Paolo Ardoino.
The network has recently gained traction within the Defi Ecosystem. On Friday, the USDE Lending Markets of the Aave through Plasma reached Their initial $ 1 billion supply caps within the launch time, which signed a strong demand for synthetic dollars stablecoin to plasma.
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