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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 collateral assets of STRC and USDC 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-9.75%
BTC-1.51%
USDC0.01%
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AMirroredSphereReflectingThe
· 1h ago
Can the over-collateralized state be maintained until all redemptions are complete? Will continue to monitor.
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OldBlackVelvetKey
· 17h ago
No time limit set, which is a good point; it gives users enough space to exit.
View OriginalReply0
GateUser-ecded933
· 17h ago
Another DeFi project has shut down; a 100% redemption is considered honest, at least they didn't run away.
View OriginalReply0

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