USD.AI announces increase in autoUSDai cap by $100 million
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最新报道：According to Bijie.com, USD.AI, a stablecoin protocol providing credit for AI, announced on October 7th that it would increase the autoUSDai cap by $100 million at 00:00 Beijing Time on October 9th to support the orderly liquidation of USDT0 on the Euler Frontier USDai market. USD.AI stated that this cap increase was a targeted stabilization measure and not a routine cap increase. Demand for USDai has pushed the exchange rate to $1.06. Yesterday, Euler Finance suspended USDai lending on Plasma. Partial repayments will begin tomorrow in the USDai market, and the LTV will begin decreasing on Wednesday. All open USDai borrowed positions must be repaid and closed promptly. All new USDC deposits will be directly transferred to autoUSDai on Arbitrum, during which time autoUSDai will receive a 25x points multiplier for 30 days. Additionally, starting today, USD.AI will reduce the Allo Gam multiplier from 10x to 3x for all non-aligned pools, protecting the USDai peg and rewarding those who help stabilize the system.
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