De-fi
PiggyBank’s LAB Hedge Fails, Cutting USDC Vault NAV by 15% – Crypto News
PiggyBank, a Solana-based DeFi yield protocol, has revealed that a basis-trading position in the LAB token went badly wrong, shaving an estimated 15% off the net asset value of its USDC vault. The protocol disclosed the loss on June 6 after closing the hedge because funding costs had made… Read the full story at The Defiant
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