WAVES Announces DeFi Revival Plan To Fix the Aftermath of USDN’s Depeg and the Liquidity Crisis at Vires Finance

Quick take: The team at Waves (WAVES) has announced a DeFi revival plan meant to make its users whole and restore the full functioning of protocols in its ecosystem. The plan aims to fix USDN’s depeg and the liquidity crisis (a bank run) that soon followed on Vires Finance. Waves’ plan will consist of four steps in collaboration with the Waves community. As the crypto-verse focused on UST’s depegging and the LUNA inflation that caused a massive crypto market pullback, […]