🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
A major DeFi liquidity pool is unwinding its position in increments of 10k units, attempting damage control after a backstop liquidation event. The protocol has already absorbed north of $3 million in losses from this episode. Market observers are tracking whether the gradual exit strategy can minimize further slippage, or if the forced deleveraging will trigger additional cascading effects across connected protocols. This incident highlights the ongoing risks in automated market-making systems when volatility spikes catch liquidity providers off-guard.