A polygon-based stablecoin called SafeDollar collapsed to zero after its liquidity pools were exploited in a cyberattack incident. What happened? SafeDollar (SDO) launched its Decentralized Exchange Offering on its partner exchange PolyDEX on June 14, 2021. The project hoped to maintain a peg with the U.S. Dollar via techniques like seigniorage, deflation, and the use […]
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