Wallet transactions show that Egorov is actively taking steps to mitigate risks. In the early Asian hours, several loans were repaid on Inverse and Llamalend with FRAX, DOLA, and CRV tokens. Some of the addresses also conducted several swaps between CRV and tether (USDT), the data shows.
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...