think this is a first for our space kinto asking for 750k 50% APR ~1 month uncollateralized loan to repay users affected by exploit thats a 10% premium for repaying their users immediately while they figure out how to repay the wildcat lenders pretty cool usecase i wonder if this could become a new standard and if every party will get paid in the end would you take a gamble for a 10% return in size?
Wildcat Labs
Wildcat Labs19.7. klo 00.07
Kinto (@KintoXYZ) has opened a fixed-term USDC market on Wildcat—kPhoenixUSDC, aiming to raise 750 000 USDC at 50 % APR. Principal + interest come due 30 Sep 2025, providing an on-chain credit line to recapitalize liquidity and repay users after the recent proxy exploit.
aaand basically filled now gg to kinto team and good luck to everyone really like this usecase for WC
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