🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
Compound has paused multiple stablecoin lending markets on Ethereum in response to the Elixir liquidity crisis.
BlockBeats reports that on November 7th, DeFi research and risk management firm Gauntlet recommended a temporary emergency halt on certain independent lending markets within the Ethereum-based lending protocol Compound v3. The affected markets include USDC on Ethereum, USDS on Ethereum, and USDT on Ethereum. The proposal has been approved, and after the halt, lending withdrawals for USDC and USDS resumed on November 6th. Compound stated that it will gradually restore the markets once system security is assured.
This move aims to address the liquidity crisis involving Elixir’s deUSD and sdeUSD, both of which are listed as collateral on Ethereum-backed USDC, USDS, and USDT.
Additionally, on November 4th, Stream Finance disclosed that its fund assets suffered a loss of $93 million, with Elixir bearing a $68 million exposure, leading to liquidity issues for its stablecoins deUSD and sdeUSD.