Scream, a Fantom-based landing service, has suffered losses as a result of the loss of FUSD and DEI parity with the US dollar.
Its users reportedly use algorithmic stablecoins as collateral for loans in USDT, FRAX, DAI, MIM and USDC.
According to the resource DeFi Llama, the total value locked (TVL) of the service suffered losses of 46.6% in one day to $75.88 million.
Representatives of the project have promised that in the future, it will be based on Chainlink oracles.
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Lenders who deposited USDT, FRAX, DAI, MIM and USDC are currently experiencing difficulties with their repayment. The situation has been exacerbated by the lack of a limit for depositing FUSD.
According to the project dashboard, FUSD is valued at $0.99 and DEI at $1.00, while at the moment, the market price of the former asset is $0.74 and that of the latter is $0.60.