cbETH

A technical investigation of the Moonwell cbETH oracle mispricing that created $1.78M in bad debt, why liquid staking tokens amplify oracle risk, and concrete mitigation steps for DeFi lenders and auditors.

Tokenized staking is reshaping Ethereum’s market structure — but new borrowing use cases, concentrated large stakers and questions about the Fusaka upgrade create complex systemic tradeoffs. This feature maps mechanics, risks, monitoring metrics and realistic price scenarios for portfolio managers and advanced DeFi users.