Gearbox Responds To RedStone Oracles' Report On ezETH Decoupling

According to Foresight News, Gearbox, a composable leverage protocol in the DeFi sector, has responded to a report by RedStone Oracles regarding the decoupling of ezETH. The situation led to the liquidation of some Credit Accounts users, however, no bad debts were generated by the passive borrowers in the protocol. The team is set to release a report reviewing the incident. The decoupling of ezETH, as reported by RedStone Oracles, had a significant impact on the users of Gearbox's Credit Accounts. Despite the liquidation of some users, the protocol's passive borrowers did not generate any bad debts. This indicates the robustness of the protocol in managing such situations. In response to the incident, the Gearbox team is preparing a comprehensive report. This report will provide a detailed review of the event, offering insights into how the situation was handled and the measures taken to prevent similar occurrences in the future.