PiggyBank said a basis-trading hedge involving LAB reduced the estimated net asset value (NAV) of its USDC vault by 15% after the protocol closed the position on June 6.
According to NS3.AI, the Solana-based DeFi yield protocol said it had deployed $100,000 into the strategy, representing about 2% of the portfolio value at the time.
PiggyBank also said it now holds roughly $1.35 million of locked LAB tokens, with the first unlock scheduled for August 14.
PiggyBank Says USDC Vault NAV Fell 15% After LAB Basis-Trade Hedge Was Closed
2026-06-08 17:12:58
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
惠誉：能源涨价拖累前景Next article：
奥斯汀：需盟友保霍尔木兹
