Yei Finance: All user funds are fully available, and the team will fully repay the main pool debt.
Jinse Finance reported that Sei ecosystem lending protocol Yei Finance clarified and assured the community that all user funds on Yei are fully available and can be withdrawn 100%. Approximately $8.6 million USDC in the Yeiend main pool was borrowed using sfastUSD as collateral. The Yei team will fully repay this debt to ensure that all USDC deposits can be withdrawn. Currently, during the debt repayment period, the withdrawal function has been suspended. An update will be released as soon as possible to inform when the protocol will resume normal operations. Last night, YeiFinance stated that due to abnormal conditions in the current fastUSD market, the team has suspended the protocol as a precautionary measure. The team is actively investigating and expects to provide an update within the next 24 hours.
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.
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