Foresight News reports that digital asset management company Farm Capital posted on Twitter that its on-chain yield strategy product mFARM has borrowed 1.09 million USD from the Silo sUSDX·USDC market (Arbitrum platform ID 127) and is currently unable to withdraw. In the worst-case scenario, this 1.09 million USD could become a bad debt, resulting in a total loss. The team is actively seeking the recovery of the sUSDX market and will do its best to recover the funds. Farm Capital will bear more than 50% of the bad debt, some of which has already been transferred through over-the-counter trading. The price of mFARM will be updated within the next 48 hours, after which exchanges will resume normal operation. Users who cycle mFARM/USDC on Euler or Morpho should monitor the health factor and liquidation price to avoid being liquidated after the mFARM price adjustment.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
TRX/USDC trading pairs now available on Aerodrome, fueling cross-chain liquidity for TRON's ecosystem
This publication is provided by the client. The text below is a paid press release that is not part of Cointelegraph.com independent editorial content. The text has undergone editorial review to ensure quality and relevance, it may not reflect the views and opinions of Cointelegraph.com. Readers
Cointelegraph9h ago
Machi Deposits $250K USDC into HyperLiquid and Opens Multiple Long Positions
Gate News bot message, Machi (@machibigbrother) deposited $250,000 USDC into HyperLiquid. According to the report, Machi increased his ETH long position with 25x leverage while opening new long positions in BTC with 40x leverage and HYPE with 10x leverage.
GateNews10h ago
Bernstein: Circle and a certain CEX become the best investment targets in the stablecoin market through their USDC partnership
Bernstein analysts point out that Circle's USDC partnership with a certain CEX is a direct play for investing in the stablecoin market. AI agent machine payments could bring incremental demand, but the scale remains small for now. USDC's supply and trading volume have reached all-time highs, with leading market share.
GateNews11h ago
SBI VC Trade Launches Licensed USDC Lending Service in Japan, Stablecoin Moving Toward Yield-Generating Applications
Japan's SBI VC Trade, under the SBI Holdings financial group, will launch USDC lending services in 2026, providing users with annualized returns. This is Japan's first lending service targeting stablecoins, with an anticipated annual interest rate of 5%. This service not only introduces new yield options but also expands the financial applications of stablecoins, demonstrating Japan's emphasis on the legitimacy and operational standards for stablecoin utilization.
区块客12h ago
Gate launches USDT and USDC staking products with a minimum investment of 1 USDT/1 USDC, offering annual returns up to 3.23%
Gate News bot message: According to Gate's official announcement on March 23, 2026
Gate has now launched USDT Staking AAVE-Plasma Protocol and USDC Staking AAVE V3(ARB) Protocol. Both products have a minimum investment of 1 USDT/1 USDC, with current annualized yields reaching up to 3.23%.
Both USDT and USDC staking products earn on-chain yields through Aave's decentralized liquidity market. Users' staking begins earning interest the day after staking(D+1 Day), and interest distribution begins on the third day(D+2 Day). Interest is automatically distributed daily in the form of corresponding tokens.
Users can redeem their staked assets at any time, with funds arriving the day after submission(D+1 Day). Both products have no upper limit on per-user staking amounts, and annualized yields fluctuate daily based on user staking participation and on-chain yields.
GateAnnouncement13h ago
