According to the official Twitter account, NFT lending protocol ParaSpace announced that the protocol has launched a repayment function and will resume the supply function later today. In addition, all affected users will receive an NFT, which can be used to redeem ParaSpace tokens in the future. Users who provide funds to the ParaSpace lending pool will receive additional tokens to make up for the missed profit opportunities during the suspension of the protocol, and ParaSpace will also introduce an incentive plan.
Earlier news, ParaSpace suspended the protocol on March 17th due to suspicious transactions. The total loss of the ParaSpace protocol is about 50-150 ETH, which is caused by the slippage of the exchange between tokens during the use process. ParaSpace said yesterday that the funds have been recovered from BlockSec and the protocol will be restarted in stages before March 25th.
