Stablecoin Protocol Resupply Announces Full Repayment of $10 Million Bad Debt
BlockBeats News, August 1—According to official sources, stablecoin protocol Resupply has announced that all $10 million in bad debt has now been fully repaid. Of this, $8.8 million in bad debt related to the recent security vulnerability was repaid first.
The remaining $1.13 million in bad debt was covered by a loan obtained from Yearn, and will be gradually repaid through the proceeds generated by staking RSUP in Convex and Yearn Finance. As a result, all bad debt has now been officially cleared.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Multiple tokens experience a surge followed by a pullback, EGLD hits a new weekly low
Analysis: Ethereum has held its support level, Bitcoin is expected to rebound to $100,000
An Ethereum OG address deposited 18,000 $ETH worth $54.78 million to an exchange.
Trending news
MoreCrypto prices
More
