⚠️ DAI.E ON AVALANCHE LOSES ITS PEG, BRIEFLY REACHING $1.10
🔍 DAI.e deviates 10% from its $1 peg
Blockaid reported that DAI.e, issued by Avalanche Bridge, has lost its peg on Avalanche. The token briefly traded at around $1.10 in active DEX pools on the network, about 10% above its $1 peg.
💸 The price deviation directly affects traders’ funds
A 10% deviation means that exchanging DAI.e right now no longer happens at $1, but at a price significantly off its peg. Blockaid has not stated what caused the depeg, and it is also unclear whether the price has returned to its peg.
🌤️ The incident shows that even stablecoins on major bridges can lose their pegs during periods of high market volatility, and the actual price in the pool is the price at which trades are executed.
$AVAX
🔍 DAI.e deviates 10% from its $1 peg
Blockaid reported that DAI.e, issued by Avalanche Bridge, has lost its peg on Avalanche. The token briefly traded at around $1.10 in active DEX pools on the network, about 10% above its $1 peg.
💸 The price deviation directly affects traders’ funds
A 10% deviation means that exchanging DAI.e right now no longer happens at $1, but at a price significantly off its peg. Blockaid has not stated what caused the depeg, and it is also unclear whether the price has returned to its peg.
🌤️ The incident shows that even stablecoins on major bridges can lose their pegs during periods of high market volatility, and the actual price in the pool is the price at which trades are executed.
$AVAX
