Platypus is formulating a compensation plan and may release a recovery proposal on AAVE

ChainCatcher news, the Avalanche ecosystem StableSwap project Platypus announced that it is formulating a user loss compensation plan and reminded users not to repay the stablecoin USP. In addition, liquidation has been paused, and users do not need to worry about liquidation issues.

Platypus also stated that some funds are trapped in AAVE, so it is exploring a possible way to recover these funds, which will need to be proposed and passed through a recovery proposal on the AAVE governance forum.

ChainCatcher previously reported that on February 17, Platypus stated that its native stablecoin USP had suffered a hack and is formulating a comprehensive recovery plan, and will keep the community updated on the latest developments. (source link)