FWIW, this is a @ConcreteXYZ vault deposit - not a direct USDai mint (you cant pendle LP or anything like that)
USD.AI | Public Launch is Live
@USDai_Official
10-06
We’re raising the autoUSDai cap by $100m on Oct 8th 12pm EST to support the orderly unwind of USDT0 on the Euler Frontier USDai market.
This is a targeted stabilization and is not a standard cap raise.
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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