DeFi lender left with $35 million bad debt after quoting depegged stablecoins at $1

By cineramaMay 16, 2022DeFi

Quick Take DeFi lending protocol Scream kept the price of two unpegged stablecoins hardcoded to $1 on its platform. Users borrowed other stablecoins on the cheap, leaving the DeFi […]

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DeFi lender left with $35 million bad debt after quoting depegged stablecoins at $1

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