Silo Labs updated on the xUSD de-pegging issue: Approximately $2.13 million has been confirmed to have been repaid.
TL;DR
Silo Labs has repaid about $2.13 million across Sonic, Avalanche, and Arbitrum chains after the xUSD de-pegging incident, which caused liquidity problems in on-chain markets.
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According to Foresight News , Silo Labs, a lending protocol project within the Sonic ecosystem, tweeted an update on the handling of the xUSD de-pegging incident. The confirmed repayment amount has reached approximately $2.13 million, including approximately $88,169 on the Sonic chain, approximately $556,669 on the Avalanche chain, and approximately $1.49 million on the Arbitrum chain. Previously, the price of Stream Finance's stablecoin xUSD deviated significantly from its target range, impacting on-chain Curated Markets including Euler, Morpho, and Silo and causing liquidity issues.