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dYdX: Approximately $9 million of dYdX v3 insurance funds were used to fill the YFI market liquidation gap, leaving $13.5 million in remaining funds
2023-11-19 00:17
Odaily News dYdX officially posted on the X platform that approximately $9 million from the dYdX v3 insurance fund last night was used to fill the gap in YFI market liquidation. The v3 insurance fund remains fully funded, with remaining funds of $13.5 million. No user funds were affected and the team is working hard to investigate the incident. Currently, dYdX prohibits high-profit trading strategies and increases initial margin requirements for less liquid markets, including EOS, ZRX, AAVE, ALGO, ICP, XMR, XTZ, ZEC, SUSHI, RUNE, SNX, ENJ, 1INCH, CELO, YFI, UMA and SUSHI.