Aster приносит искупление: трейдеры получают компенсации после коллапса контракта XPL Translation: Aster Redeems Itself: Traders Receive Compensation After XPL Contract Collapse

The decentralized exchange Aster has completed compensation payments to users who lost funds due to a mistake in the perpetual contract of the XPL token from the stablecoin project Plasma.

On September 25, the price of the coin on the platform surged to $4, while it was around $1.3 on other exchanges. According to Abhishek Pava, the founder of the Web3 agency AP Collective, the issue stemmed from an incorrectly set index manually configured by the Aster team at a level of $1.

«The calculated rate, based on the flawed index, was artificially capped at approximately $1.22. The limit was removed before the index adjustment was made, leading to the price skyrocketing to about $4,» he explained.

Representatives from the DEX swiftly corrected the error and committed to compensating the affected traders. The compensations were distributed within three hours, followed by a second round of payouts to cover trading and liquidation fees. The exact amount of reimbursed funds remains unknown.

The incident coincided with the launch of Plasma’s mainnet and the debut of its native token XPL. At the time of writing, the asset is trading at $1.17, having dropped nearly 24% in the past 24 hours.

Aster continues to outperform Hyperliquid in daily futures trading volume. In the last 24 hours, the platform’s metric exceeded $46 billion, compared to $17 billion for its competitor.

The DEX on the BNB Chain has also surpassed Hyperliquid in terms of fees. The recently launched exchange even managed to outpace Circle, the company behind the USDC stablecoin.

Aster’s Total Value Locked (TVL) has reached $2.2 billion. However, it still trails behind Hyperliquid, which boasts a TVL of $5.9 billion. Analysts previously suggested that this situation might change in the near future.

It’s worth noting that the community has raised suspicions regarding Binance founder Changpeng Zhao’s involvement in the launch of the new decentralized exchange.