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Buck will gradually shut down the protocol and tokens and open 100% redemption

MeNews
ME News News, April 18 (UTC+8), Bitcoin-backed yield-bearing USD savings DeFi protocol Buck announced it will gradually shut down the protocol and tokens, with all holders able to redeem 100% of their funds. Buck stated that the current STRC and USDC collateral assets remain over-collateralized, and the redemption channel is open with no time limit. The team said they are working on new projects. (Source: MLion)
BUCK-4.62%
BTC-0.71%
USDC-0.02%
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NotYourExitLP
· 7h ago
Another yield-generating protocol exits the scene; the DeFi USD savings race is really tough.
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MintAfterCoffee
· 7h ago
Closing the agreement but retaining the redemption, it's more respectable than those with frozen funds.
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AirdropEtiquette
· 7h ago
As long as the redemption channel is open, redeem slowly, no rush.
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GateUser-c3de680b
· 7h ago
The team said they are pushing forward with a new project, closing the old one to work on the new one. This operation feels familiar.
View OriginalReply0
CoconutWaterChillSquad
· 7h ago
Excess collateralized exit, a thousand times stronger than the zeroing out of UST.
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ReflectionsOnTheStreetCorner
· 8h ago
Another company offering USD yield has disappeared. Is this track just a false demand?
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BlueberryStakingMachine
· 8h ago
Interest-bearing US dollar savings sound great, but in practice, they're full of traps.
View OriginalReply0

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