Aster reimburses users after XPL perpetual glitch sends price to $4

Aster has reimbursed traders affected by a glitch in its Plasma (XPL) perpetual market, which temporarily inflated prices to nearly $4, while other markets remained around $1.3. This discrepancy was due to a misconfigured index hard-coded at $1. The glitch caused liquidations and unusual fee charges, resulting in user losses. Aster promptly reassured users that their funds were safe and compensation for affected traders would be issued. Following the incident, the DEX reported that reimbursements had been swiftly distributed. Despite the glitch, Aster has experienced significant growth, with perpetual DEX volumes exceeding $100 billion in daily trading, showcasing its dominance over competitors. While the surge in trading volume is notable, some community members expressed concerns regarding the associated risks and urged caution among traders. The XPL token is highlighted as the native currency of the Plasma network, which supports stablecoin transactions and gained traction within the DeFi ecosystem as lending markets garnered strong demand shortly after launch.

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