DeFiBearishcrypto.news · 2h ago7/10
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PiggyBank’s LAB hedge backfires as USDC vault NAV drops 15%
PiggyBank terminated its LAB hedge strategy after experiencing significant volatility, resulting in estimated NAV losses of 15% for USDC vaults, 12% for SPYx vaults, and 9% for JitoSOL vaults. The incident highlights risks associated with leveraged hedging strategies in cryptocurrency yield products.
