All funds and NFTs are safe. No action is required at this point. The project is suspended and cannot take out new loans. The suspended status is to protect all assets in the protocol. They confirm that no money is lost. The project also said it successfully ran a white hat recovery script, which saved all ERC20 and ERC721 assets from all LPs and borrowers. All information will be updated for users as soon as possible.
On June 20, 4:42 UTC, @AstariaXYZ was made aware of an issue with the base implementation of BeaconProxy.sol that could allow an attacker to manipulate the beacon to load a rogue implementation that would allow the attacker to invoke self-destruct. https://t.co/iDvxLN4rk0
— Astaria (@AstariaXYZ) June 20, 2023
Astaria has been in public beta since May 25. The recovery script uses an updated contract implementation and the recovery token, which has withdrawn all funds and NFTs to Astaria’s multi-signature address.
The non-fungible token-lending platform, Astaria, has gone public after a long closed beta period. The platform was co-founded by former decentralized financial protocol (DeFi) SushiSwap CTO Joseph Delong. NFT holders can lease their assets to traders who cannot afford blue-chip NFTs in one purchase. With support for over 300,000 NFTs, Astaria seeks to inject liquidity into the larger Ethereum-based NFT ecosystem.
The Astaria protocol uses the three-actor model
Unlike other NFT lending platforms that work peer-to-peer with borrowers and lenders, Astaria uses a third party to facilitate its lending market by leveraging its NFT due diligence service. The result of acting as a “strategist” will help liquidity providers enter the market and help borrowers rent their properties.
