fastusd

Sei ecological lending protocol Yei Finance clarifies and assures the community that all user funds on Yei are fully available and can be withdrawn 100%. There is approximately 8.6 million USDC borrowed against sfastUSD in the Yeiend main pool, and the Yei team will fully repay this debt to ensure that all USDC deposits are withdrawable. Currently, the withdrawal function has been suspended during the debt repayment period. An update will be released as soon as possible to indicate when the protocol will resume normal operations.Last night, Yei Finance stated that due to abnormal conditions in the current fastUSD market, the team has suspended the protocol as a precautionary measure. The team is actively investigating and expects to provide an update within the next 24 hours.

ChainCatcher news, Elixir launches yield-bearing stablecoin fastUSD on Sei. fastUSD has been integrated with DeFi protocols DragonSwap and JellyVerse on Sei, enabling cross-chain asset transfers via Hyperlane, with data assurance provided by Redstone Oracle.Elixir states that holders of deUSD on the mainnet or stablecoin holders on the Sei network can now earn native yields, Elixir rewards, and liquidity Sei rewards by holding (and using) fastUSD within the ecosystem.