This seems pretty sus. Can someone smarter than me explain what’s happening with @elixir rn?
I’m seeing on-chain movement from Elixir:
1) swapping USDS for USDT, sending it to other wallets, redeeming their usds for USDT, repaying loans
(with deUSD as collateral), arbitraging their USDT on Curve for deUSD and redeeming it
Are they dumping and exiting all positions before a further depeg? 👀
@elixir repaying their loans and spreading funds across a ton of different addresses, idk hope someone can explain to me what's going on
1.18K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.