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
ClawVault Launches New Feature, AI Agents Can Automatically Pay x402 API Fees with USDC
Gate News reports that on March 19, ClawVault, a non-custodial control layer for agent economics, announced that AI agents can now automatically pay for x402 API fees using USDC. The feature will execute automatically but requires user authorization. Each payment will be reviewed through over 30 configurable rules, including spending caps, whitelists, rate limits, approvals, and other security mechanisms.
GateNews3h ago
Japan's SBI Launches Retail USDC Lending Services Under Digital Asset Division
SBI VC Trade launches USDC lending service for retail users in Japan, allowing users to earn interest by lending USDC to the platform with a maximum limit of 5,000 USDC per application. This service carries counterparty risk, as SBI may re-lend the borrowed USDC.
GateNews4h ago
SBI VC Trade kicks off retail USDC lending as stablecoins rise
SBI Holdings’ crypto arm, SBI VC Trade, is rolling out a USDC lending product in Japan, enabling retail users to lend Circle’s stablecoin to the platform under fixed-term agreements in exchange for interest. The offering limits per-user exposure to 5,000 USDC, with the loan treated as an asset to SB
CryptoBreaking13h ago
Japan's SBI VC Trade will launch USDC lending services this Thursday, with a maximum amount of 5000 USDC per period.
SBI VC Trade will launch USDC lending services in Japan on March 20, allowing users to earn yields by lending up to 5,000 USDC through fixed-term agreements. This product is a loan rather than a deposit; users must bear trading risks, cannot withdraw funds during the lending period, and face asset recovery risks.
GateNews14h ago
A major whale deposited 5.01 million USDC to HyperLiquid and opened a 2x leveraged WTI crude oil short position.
Gate News Reports: On March 18, OnchainLens monitoring showed that a certain whale, after being inactive for a year, has become active again, depositing 5.01 million USDC to the HyperLiquid platform and opening a short position in CL (WTI crude oil mapped contract) with 2x leverage. WTI crude oil (West Texas
GateNews15h ago
