OUSD – DIGIT INFO

Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD

DIGIT — Sun, 08 May 2022 04:00:05 +0000

On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as the project aims to leverage a decentralized forex reserve […]

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$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells

DIGIT — Wed, 08 Dec 2021 14:19:42 +0000

During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating the pack. In a mere ten days, the stablecoin economy gathered another $11 billion in value with origin dollar and terra usd swelling significantly during the last 30 days. $11 […]

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Polygon-Based Defi Stablecoin Safedollar Plunges to Zero — Team Is Investigating Exploit

DIGIT — Mon, 28 Jun 2021 15:00:18 +0000

The algorithmic decentralized finance (defi) stablecoin safedollar (SDO) has been attacked, according to statements published on its Telegram channel. The safedollar token did not remain stable following the attack, as the defi stablecoin’s price collapsed to zero. Safedollar Stablecoin Price Collapses A Polygon (MATIC) blockchain-based stablecoin called safedollar (SDO) has lost all of its value, […]

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VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg

DIGIT — Thu, 08 Apr 2021 05:30:35 +0000

The new decentralized finance (defi) stablecoin project called Fei had some issues this week after the 1:1 USD pegged token dropped well below its targeted $1 value. The Fei project was supposed to be similar to Maker DAO’s algorithmic DAI stablecoin and it was backed by major venture capital firms. Fei Protocol Market Price Drops […]

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Origin Protocol begins accepting compensation claims following $7M exploit

DIGIT — Wed, 20 Jan 2021 21:37:22 +0000

Co-founder Josh Fraser said he hopes the compensation plan will help build trust among users as the project moves forward.

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Flash Loan Attack: Origin Protocol Unveils Compensation Plan that Excludes Founders

DIGIT — Mon, 14 Dec 2020 20:30:30 +0000

The Origin Protocol team has unveiled a compensation plan for its depositors who were adversely affected by the flash loan attack in November. According to the team, there is now a plan to provide compensation equal to 100% of the value deposited to OUSD at the time of the exploit. Two Compensation Plans Still, the […]

The post Flash Loan Attack: Origin Protocol Unveils Compensation Plan that Excludes Founders appeared first on Bitcoin News.

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Origin Defi Protocol Suffers Massive Flash Loan Attack- OUSD Stablecoin Value Plunges 85%

DIGIT — Wed, 18 Nov 2020 10:15:13 +0000

The OUSD stablecoin issuer, Origin Protocol is the latest Defi protocol to fall victim to a flash loan attack. The attack, which occurred in the early hours of Tuesday, on November 17, resulted in the disappearance of tokens worth millions of dollars. Confirming the attack, one of the project’s leaders say they are now working […]

The post Origin Defi Protocol Suffers Massive Flash Loan Attack- OUSD Stablecoin Value Plunges 85% appeared first on Bitcoin News.

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Yield-generating stablecoin project Origin Dollar exploited for $7M

DIGIT — Tue, 17 Nov 2020 03:14:56 +0000

Origin Protocol has announced its yield-generating stablecoin protocol, OUSD, has been hacked and drained of at least $7 million

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