Acala Community Voted to Pass Proposal to Burn Erroneously Minted $aUSD

Acala community has voted to pass the proposal for Trace Result #1, with 95% of the voting power supporting it. The proposal proposed to return the over 1.288 billion erroneously minted $aUSD that remained on 16 accounts to Honzon protocol to be effectively burnt, as well as to return the nearly 4.3 million erroneously minted $aUSD that remained in the iBTC/aUSD reward pool to Honzon protocol to be effectively burnt. According to TokenInsight data, $aUSD price has increased to $0.9355.
Source

DeFi

Stablecoins

Security Incidents

In This Article

Related News
Daily Market Wrap | Nov. 03 Daily Market Wrap | Nov. 03
Daily Market Wrap | Oct.2 Daily Market Wrap | Oct.2
Daily Market Wrap | Oct.1 Daily Market Wrap | Oct.1
Daily Market Wrap | Sep. 29 Daily Market Wrap | Sep. 29
Daily Market Wrap | Aug. 08 Daily Market Wrap | Aug. 08
Latest News More More
Daily Market Wrap | Nov. 04
3 Days Ago Daily Market Wrap | Oct. 31
4 Days Ago Daily Market Wrap | Oct. 30
5 Days Ago Daily Market Wrap | Oct. 29
6 Days Ago Daily Market Wrap | Oct. 28
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open