An update on $USDR. Over a short period of time, all of the liquid $DAI from the $USDR treasury was redeemed.
11 Oct 2023, 21:28
An update on $USDR
Over a short period of time, all of the liquid $DAI from the $USDR treasury was redeemed.
This lead to an accelerated drawdown in the market cap.
Combined with the lack of DAI for redemptions, panic selling ensued, causing a depeg.
We’re working on…
Same news in other sources
111 Oct 2023, 23:34
As we’ve all seen, USDR has suffered a serious depeg.
Over a short period of time, all of the liquid DAI from the treasury was redeemed.
This led to an accelerated drawdown in the market cap.
Combined with the lack of DAI for redemptions, and liquidation timeline on real…
As we've all seen, USDR has suffered a serious depeg.
As we’ve all seen, USDR has suffered a serious depeg.
Over a short period of time, all of the liquid DAI from the treasury was redeemed.
This led to an accelerated drawdown in the market cap.
Combined with the lack of DAI for redemptions, and liquidation timeline on real…