Silo Labs updates on the progress of xUSD de-pegging incident handling. Currently, approximately $2.13 million has been confirmed to be repaid. ChainCatcher reports that the Sonic ecosystem lending protocol project Silo Labs posted an update on the xUSD de-pegging incident on the X platform. So far, the confirmed repayment amounts include approximately $88,169 on the Sonic chain, about $556,669 on the Avalanche chain, and approximately $1.49 million on the Arbitrum chain. Previously, the stablecoin xUSD by Stream Finance experienced a significant deviation from its target range, affecting on-chain Curated Markets such as Euler, Morpho, and Silo, leading to liquidity issues.
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Silo Labs updates on the progress of xUSD de-pegging incident handling. Currently, approximately $2.13 million has been confirmed to be repaid. ChainCatcher reports that the Sonic ecosystem lending protocol project Silo Labs posted an update on the xUSD de-pegging incident on the X platform. So far, the confirmed repayment amounts include approximately $88,169 on the Sonic chain, about $556,669 on the Avalanche chain, and approximately $1.49 million on the Arbitrum chain. Previously, the stablecoin xUSD by Stream Finance experienced a significant deviation from its target range, affecting on-chain Curated Markets such as Euler, Morpho, and Silo, leading to liquidity issues.