During the USR exploit, 80M unbacked tokens were minted against $200k in collateral. The oracle kept reporting $1.00 throughout. Automated allocators kept supplying USDC. For hours. A hardcoded price feed has no mechanism to track reserve state. When supply expands without corresponding reserve grow

During the USR exploit, 80M unbacked tokens were minted against $200k in collateral. The oracle kept reporting $1.00 throughout. Automated allocators kept supplying USDC. For hours. A hardcoded price feed has no mechanism to track reserve state. When supply expands without corresponding reserve grow
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