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

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


TheBlock
2022-05-16 11:49:49
DeFi lender left with $35 million bad debt after quoting depegged stablecoins at $1

The DeFi platform Scream has racked up a significant amount of bad debt after hardcoding the price of depegged stablecoins to $1.

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