Astera.fi

Our Notion has been updated. LST Mini Pool withdrawals are open. Please adjust positions ASAP.

After reviewing our recovery strategy with Spearbit, we're ready to begin unwinding the LINEA and REX33 markets. If you are currently borrowing asUSD, you can repurchase your debt from Astera directly by sending the equivalent USDC to the Astera Treasury Multisig: linea:0x7D66a2e916d79c0988D41F1E50a1429074ec53a4 We are executing these OTC purchases manually because we want to keep asUSD out of the exploiter's hands. asUSD will be distributed after the final review of the upgrade plan by Spearbit and other stakeholders. This is expected to occur early next week. Thank you everyone for your patience in this matter, and look forward to a full recovery soon. Please leave any questions in the replies or send a direct message here on X.

Our team has been working overnight with Linea and Spearbit teams to mitigate the impact of our recent security exploit with good results. We are still in the process of executing mitigations and writing a full post-mortem, and will deliver updates as soon as it's safe to do so. We are currently waiting for our recovery efforts to play out before we unpause markets, and are designing a robust risk-mitigation plan to re-open Astera for withdrawals. Rex33 depositors should be able to pay down their loans and withdraw very soon. As part of this, we are arranging a means for users to acquire asUSD via escrow instead of directly from Etherex. This is because we've dramatically increased fees on asUSD pools to ensure the attacker can't use them as exit liquidity. For users who aren't comfortable with an OTC solution, we will continue to work on further options once the markets start unwinding. Thanks to existing risk mitigation efforts, the amount of funds that the attacker received amounted to less than 5% of the total assets on Astera. We hope to reduce this number closer to 3% through our disaster recovery effort. In the end, the cost of this exploit is around the same cost of a Tier-1 audit, and our team is motivated to continue pushing the protocol forward to ensure users can be made whole in a timely fashion & we can continue pushing the limits of DeFi credit infrastructure.