BlockBeats news, on August 1, according to official news, the stablecoin protocol Resupply announced that the $10 million bad debt has been fully repaid. Among them, $8.8 million of bad debt related to the recent security vulnerability has been repaid first.
The remaining $1.13 million of bad debt was covered by a loan obtained from Yearn, and will be gradually repaid through the earnings generated by staking RSUP in Convex and Yearn Finance. Thus, all bad debts have officially been cleared.
