Gearbox: Due to the depegging of ezETH, some users were liquidated, and the passive lenders of the protocol did not generate bad debts
Gearbox, a DeFi composable leverage protocol, stated that due to the ezETH being unanchored in the RedStone Oracles report, some Credit Accounts users were liquidated, but the protocol's passive lenders did not incur bad debts. The team will release a report reviewing this incident.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
Bitget Spot Margin Announcement on Suspension of ICNT/USDT, PROMPT/USDT, CAMP/USDT, FARTCOIN/USDT, PEAQ/USDT Margin Trading Services
