{"id":430044,"date":"2026-06-09T15:45:44","date_gmt":"2026-06-09T10:15:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/piggybanks-lab-hedge-fails-cutting-usdc-vault-nav-by-15-crypto-news\/"},"modified":"2026-06-09T16:04:09","modified_gmt":"2026-06-09T10:34:09","slug":"piggybanks-lab-hedge-fails-cutting-usdc-vault-nav-by-15-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/piggybanks-lab-hedge-fails-cutting-usdc-vault-nav-by-15-crypto-news\/","title":{"rendered":"PiggyBank&#8217;s LAB Hedge Fails, Cutting USDC Vault NAV by 15% &#8211; Crypto News"},"content":{"rendered":"<p>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&#8230; <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/news\/defi\/piggybanks-lab-hedge-fails-cutting-usdc-vault-nav-by-15-percent\">Read the full story at The Defiant<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8230; Read the full story at The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":430046,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-430044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/430044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=430044"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/430044\/revisions"}],"predecessor-version":[{"id":430047,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/430044\/revisions\/430047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/430046"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=430044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=430044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=430044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}