dYdX: Approximately $9M of dYdX v3 insurance funds were used to fill the YFI market liquidation gap last night
DYdX posted on social media last night that about $9 million from the dYdX v3 insurance fund was used to fill the gap in the YFI market liquidation. The v3 insurance fund still has sufficient funds, with remaining funds of $13.5 million. No user funds were affected, and the team is working hard to investigate the incident.As an immediate measure, dYdX has increased the initial margin requirements for markets with poor liquidity, including EOS, ZRX, AAVE, ALGO, ICP, XMR, XTZ, ZEC, SUSHI, RUNE, SNX, ENJ, 1INCH, CELO, YFI, UMA, and SUSHI.In addition, high-profit trading strategies have now been banned.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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