ultrapara
@ultrapara
ID: 1285577544100700160
21-07-2020 14:11:50
6,6K Tweet
7,7K Followers
5,5K Following
I remain steadfast in my view that Gearbox ⚙️🧰 Protocol is one of the best platforms, with one of the best teams in DeFi. Read about how they prevented $30M in bad debt for Gearbox LPs who would have had exposure to xUSD 🫡
icebergy ❄️ Hey you missed the full story, maybe it will be clearer for you: eliteRingsScUSD is backed by veUSD. veUSD is backed by locked stkscUSD. stkscUSD is backed by staked scUSD. that specific scUSD is rehypothecated to Mithras. Mithras scUSD (about 92% = 13m) is currently borrowed by