The Solana ecological 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 minting loophole. The team is investigating this issue and will issue a report as soon as possible.
In addition, DeFiLlama data shows that the agreement’s TVL has plummeted from more than $28 million to $560,000, and CoinGecko data shows that the price of stablecoins has dropped from $1 to almost zero. Note: CashioDollar is an algorithmic stablecoin backed by USDT-USDCLP tokens.