šØ USDX is in trouble. the $680M stablecoin by @StablesLabs is currently depegging (trading below $1). hereās the gist š USDX is a ācrypto-backed stablecoinā thatās supposed to stay at $1 using smart strategies and arbitrage. but after the Balancer V2 exploit, they lost $1M in liquidity and that started a chain reaction. big funds began pulling out. borrow rates spiked. then projects like Stream Finance and Lista DAO faced heavy liquidations. Now USDX is currently trading at $0.2 which is way off its peg. the worst part? stableLabs has been silent for 3 days now, no statement, no reassurance. people are starting to think there might be deeper losses behind the scenes. this shows one thing; high yield ā low risk. always know where your stablecoins are parked. for now USDT and USDC remains the best stable to hold. stay safe out there. š«”
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looks like Monad Mainnet is closer than we expected. based on current timelines, Iām predicting a launch by Q3. testnet-2 kicks off in late May and is expected to run for 10 weeks. Only 100ā150 participants will be selected to operate validators. this isnāt just another test, for me i think it's the final preparation phase. once it wraps up, all thatās left is the mainnet launch. when do you think Monad will go live?
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bitcoin somehow is back to $100k but no one is talking about it, wow.
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