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Stablecoin protocol Resupply has announced that it has fully repaid a $10 million bad debt.
BlockBeats News, August 1st, according to official sources, the stablecoin protocol Resupply announced that the $10 million bad debt has now been fully repaid. Among them, the $8.8 million bad debt related to the recent security vulnerability has been repaid first.
The remaining $1.13 million bad debt is covered by a loan obtained from yearn, and will be gradually repaid through the protocol's RSUP pledged in Convex and Yearn Finance. With this, all bad debts have been officially cleared.
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