Express
Stablecoin Protocol Resupply Announces Full Repayment of $10 Million Bad Debt
Summary: According to official sources, stablecoin protocol Resupply has announced that $10 million in bad debt has been fully repaid. Of this amount, $8.8 million related to a recent security vulnerability has been repaid first. The remaining $1.13 million in bad debt is covered by a loan obtained from yearn, and will be gradually repaid through ...
According to official sources, stablecoin protocol Resupply has announced that $10 million in bad debt has been fully repaid. Of this amount, $8.8 million related to a recent security vulnerability has been repaid first. The remaining $1.13 million in bad debt is covered by a loan obtained from yearn, and will be gradually repaid through the income generated by RSUP staked in Convex and Yearn Finance. With this, all bad debts have been officially cleared.
Tags:
Link: Stablecoin Protocol Resupply Announces Full Repayment of $10 Million Bad Debt [Copy]
