You are viewing a single comment's thread from:RE: LeoThread 2025-01-24 16:29View the full contextjaxxypoo (25)in LeoFinance • 2 days ago Reduce leverage across the board! "In light of the current situation, the platform is deemed insolvent."
Should there be significant debt repayments and/or a withdrawal from savers and synthetic assets, it’s apparent that the protocol will struggle to fulfill its obligations in bitcoin and ether.
Validators have opted to halt the network while they deliberate on a restructuring strategy.
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