Users in the Sponsored BUSD pool can now cancel a withdraw request that has not yet been executed.
10 May 2022, 11:56
Users in the Sponsored BUSD pool can now cancel a withdraw request that has not yet been executed. The pool value is not yet updated with the new UST prices. We will execute all withdraw at 2pm UTC time
The pool was exposed to UST at no more then 60%. Total value impact on an each investor level is ~5.8%.
If you believe the peg will return you should not withdraw / cancel withdraw. If you withdraw now you are materializing the loss based off the UST depeg.
Users that invested and funds have not yet been executed in the cycle ( from the last 24 hours) - we would like to make it clear this funds will still be exposed to UST price. if UST returns to peg they will enjoy the appreciation.
Don-key will execute more cycles until situation stabilized and pay for the gas / swap /bridge fees from treasury to provide better flexibility.