Leviathan News

Collateral Damage: Usual's USD0++ Depeg Leaves Farmers in the Red


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In today’s episode of Leviathan News, we’re diving deep into the recent USD0++ depeg and its massive ripple effects across the DeFi ecosystem. What caused this bond-like stablecoin to drop from its $1 peg to $0.87? How did it trap leveraged farmers, ignite liquidation chaos, and raise questions about conflicts of interest between Usual Money and MEV Capital? We’ll explore it all.

Joining us to unpack the drama are Darren from IPOR Labs, a leader in DeFi risk management, and Alex McFarlane from Keyring Network, an expert in decentralized infrastructure. Together, we’ll break down:
The mechanics behind the USD0++ redemption shift
The fallout for Morpho, Pendle, and other protocols
MEV Capital’s controversial role and high-stakes profits
What this means for DeFi’s future and trust in stablecoins
If you’re fascinated by the intersections of finance, technology, and high-stakes decision-making, you won’t want to miss this episode.
Make sure to check out our sponsor FX protocol: https://fx.aladdin.club/assets/?code=LeviathanN
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