Loopscale has partially reopened its lending platform, restoring collateral top-up functionality for all loans while keeping vault withdrawals frozen. The DeFi lending protocol confirmed that repayment operations have also resumed with one notable exception: $USDC Genesis-funded loans remain restricted, with their collateral staying locked.
The partial reopening represents a cautious step toward full operational recovery for Loopscale, balancing the need to allow borrowers to manage their positions against ongoing risk management considerations tied to the Genesis-related USDC exposure.
Loopscale Partially Reopens Loans, Keeps Vault Withdrawals Frozen Amid Genesis-Linked Restrictions
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