🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
Farm Capital: The sUSDX·USDC market may incur a bad debt of $1.09 million, with the team bearing over 50%.
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.