Lido responds to liquidation event: a DeFi lending protocol oracle error caused the liquidation, unrelated to the Lido protocol

GateNews

2026-03-11 10:22:36

Gate News reports that on March 11, Lido issued a statement in response to a pre-configuration oracle of a certain DeFi lending protocol that quoted incorrectly yesterday (March 10), leading to an incorrect wstETH:USD price boundary within the protocol market and triggering a liquidation event. Lido stated that there were no bad debts resulting from this incident, and all affected users will be fully compensated. These incorrect price boundaries are unrelated to wstETH as the underlying asset and have no issues with the Lido protocol. Additionally, the Lido Earn products, including stRATEGY and GGV, were not affected by the liquidation, and user funds remain secure.

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