According to Mars Finance, the Sonic ecological lending protocol project Silo Labs has updated the progress of the xUSD depegging incident on the X platform. So far, the confirmed repayment amount has reached approximately 2.13 million USD, including about 88,169 USD on the Sonic on-chain, about 556,669 USD on the Avalanche on-chain, and about 1.49 million USD on the Arbitrum on-chain. Previously, the Stream Finance stablecoin xUSD's price significantly deviated from its target range, affecting on-chain Curated Markets including Euler, Morpho, and Silo, leading to liquidity issues.
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Silo Labs updates on the progress of the XUSD depegging event, confirming repayments of approximately 2.13 million USD.
According to Mars Finance, the Sonic ecological lending protocol project Silo Labs has updated the progress of the xUSD depegging incident on the X platform. So far, the confirmed repayment amount has reached approximately 2.13 million USD, including about 88,169 USD on the Sonic on-chain, about 556,669 USD on the Avalanche on-chain, and about 1.49 million USD on the Arbitrum on-chain. Previously, the Stream Finance stablecoin xUSD's price significantly deviated from its target range, affecting on-chain Curated Markets including Euler, Morpho, and Silo, leading to liquidity issues.