Following the de-pegging of xUSD, the crypto lending platform Euler faced issues with its oracle price data not being updated promptly. This delay has raised concerns about potential bad debts within the platform. Reports indicate that the utilization rate of the USDT vault on Euler surged to 100%, with the annual percentage yield (APY) spiking to 65%. These developments highlight the risks associated with delayed data updates in decentralized finance protocols.
Delayed Oracle Updates on Euler Post-xUSD De-Pegging Raise Bad Debt Concerns
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