Last week Total Supply for yUSDC was 3,075,194
For the yUSDC holders there were three options for swapping to USDC;
- In Sep24 wallet there was 145K USDC
- And in yUSDC/USDC orderbook there was 70K USDC
- And in yUSDC/USDC Liqiudity Pool there was 100K USDC
- So, there was total of 315K USDC backs 3M yUSDC.
But suprisingly today total supply of yUSDC jumped by 50% to 4.6M yUSDC
To swap for USDC;
- In Sep24 wallet there is 126K USDC
- And in yUSDC/USDC orderbook there is 56K USDC
- And in yUSDC/USDC Liqiudity Pool there is 100K USDC
- So, there is total of 282K USDC backs 4.6M yUSDC
- It means for 100 yUSDC there is 6 USDC.
We need a transperancy report or a statement about 50% increase of yUSDC supply in a day.Anyone have any idea about the case?
Thank you.
Sources:
- Sep24 wallet address: https://stellar.expert/explorer/public/account/GCFONPVSRFKSMPLD5QEKNTTCYAVJZYMCF3M7YLTFE3I4WOFIRIZ2UGZ2
- yUSDC/USDC Orderbook https://stellarterm.com/exchange/USDC-www.centre.io/yUSDC-ultrastellar.com
- yUSDC/USDC Liqiudity Pool https://stellar.expert/explorer/public/liquidity-pool/a92f55a5607db30047635970af435e4332ebbaff8a7fa70a9158c2fd6c1ecd2b