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Democracy Manifest: $1.6 Billion Burnt

Yes, another day, another DeFi drama, and another de-pegging event. Was it a hack? Or was it a glitch? Either way, aUSD, aka Acala USD, the overcollateralized stablecoin native to the Polkadot ecosystem… got absolutely Shkrelli’d.

By: Tom Letts •  

Democracy Manifest: $1.6 Billion Burnt

Yes, another day, another DeFi drama, and another de-pegging event. Was it a hack? Or was it a glitch? Either way, aUSD, aka Acala USD, the overcollateralized stablecoin native to the Polkadot ecosystem… got absolutely Shkrelli’d.