Waves Community Passes “Reset” Proposal for Vires.Finance

Key Takeaways

  • The community behind Vires.Finance has voted in favor of a “DeFi Revival Plan” that will “reset” the lending protocol.
  • The Waves-based lending protocol has suffered from a months-long liquidity crisis since the depegging of the Neutrino stablecoin (USDN) in April.
  • The new proposal will allow certain account holders to be repaid, continue their positions, or exchange them for USDN.

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