Resupply’s $10M bad debt has been paid in full.
$8.8M in bad debt associated with the recent exploit was initially paid off.
The remaining $1.13M has been covered by a loan secured from @yearnfi and will be gradually repaid using protocol revenue generated from Convex and Yearn Finance’s staked $RSUP positions.
This officially brings the last of the bad debt to zero.
Many Curve pools today showing 50%+ utilization and double-digit % base APRs from trading fees, and some of these pools have many millions of $ in liquidity.
$sUSDe - #sUSDS 🔥 13.5%
📊
$CRV $CVX #DeFi
Our @CurveFinance pool on @SonicLabs for dUSD/frxUSD is now live, yielding over 40% APY 🚜
Boosted Curve LP strategies for dUSD are also available via @StakeDAOHQ on both Sonic and Fraxtal (by @fraxfinance)⚡️
No lazy summer for a DeFi farmer 🧑🌾