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
A Smart Money Address Suspected of Selling 38,582 ETH Worth Approximately $138 Million Over the Past Week
Whale qwatio reduces position from $300 million to $195 million, unrealized profit drops to around $2 million
Trending news
MoreCrypto prices
More
