News/Solana Ecosystem Algorithm Stablecoin Project Cashio Has Infinite Mint Glitch, Stablecoin Price Near Zero

Solana Ecosystem Algorithm Stablecoin Project Cashio Has Infinite Mint Glitch, Stablecoin Price Near Zero

Mar 23,2022,18:51
Solana ecosystem algorithm stablecoin project Cashio tweeted that users should not mint any cash and withdraw funds from the pool as soon as possible. The protocol has an infinite mint glitch and the team is investigating the issue and will release a report as soon as possible. In addition, DeFi Llama data shows that the protocol's TVL has plummeted from over $28 million to $560,000, and CoinGecko data shows that the price of the stablecoin has dropped from $1 to almost zero.
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