ChainCatcher news, the Sonic ecosystem lending protocol project Silo Labs has published an update on the xUSD de-pegging event on the X platform. To date, the confirmed repayment amount has reached approximately 2.13 million USD, including about 88,169 USD on Sonic, about 556,669 USD on Avalanche, and about 1.49 million USD on Arbitrum. Previously, the Stream Finance stablecoin xUSD price significantly deviated from its target range, affecting on-chain Curated Markets including Euler, Morpho, and Silo, resulting in liquidity issues.
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Silo Labs has updated the progress of the xUSD de-pegging event, confirming a repayment of approximately 2.13 million USD.
ChainCatcher news, the Sonic ecosystem lending protocol project Silo Labs has published an update on the xUSD de-pegging event on the X platform. To date, the confirmed repayment amount has reached approximately 2.13 million USD, including about 88,169 USD on Sonic, about 556,669 USD on Avalanche, and about 1.49 million USD on Arbitrum. Previously, the Stream Finance stablecoin xUSD price significantly deviated from its target range, affecting on-chain Curated Markets including Euler, Morpho, and Silo, resulting in liquidity issues.