Silo Labs updates on the xUSD depegging incident handling progress, with approximately $2.13 million in repayments confirmed

Sonic ecological lending protocol project Silo Labs updated on the X platform regarding the xUSD depegging incident. So far, the confirmed repayment amount has reached approximately $2.13 million, including about $88,169 on the Sonic chain, about $556,669 on the Avalanche chain, and about $1.49 million on the Arbitrum chain.

Previously, the price of the Stream Finance stablecoin xUSD significantly deviated from its target range, affecting on-chain Curated Markets including Euler, Morpho, and Silo, and leading to liquidity issues.