Liqwid lenders who ate the NIGHT bad debt are getting made whole.
Liqwid says lenders whose positions absorbed bad debt after the NIGHT liquidations in July and August will be reimbursed. It is a goodwill initiative backed by the Liqwid and Wanchain teams plus other partners.
Why it matters: bad debt usually just sits on lenders. Seeing a Cardano lending market cover it sets a bar for how DeFi handles a rough liquidation cascade.
Check eligibility and timing only via official Liqwid channels. Nobody legit will DM you about a refund or ask for your seed phrase.
Should protocols build a standing insurance fund for this?
https://x.com/liqwidfinance/status/2112946902216138956
Liqwid says lenders whose positions absorbed bad debt after the NIGHT liquidations in July and August will be reimbursed. It is a goodwill initiative backed by the Liqwid and Wanchain teams plus other partners.
Why it matters: bad debt usually just sits on lenders. Seeing a Cardano lending market cover it sets a bar for how DeFi handles a rough liquidation cascade.
Check eligibility and timing only via official Liqwid channels. Nobody legit will DM you about a refund or ask for your seed phrase.
Should protocols build a standing insurance fund for this?
https://x.com/liqwidfinance/status/2112946902216138956