Narrative
Hook: A severe liquidity drain has hit USDG, dropping TVL by nearly 99%. What happened: The total value locked in the USDG pool plummeted from $108K to $1.5K in just 24 hours. Why it matters: This drastic drop signals potential slippage risks and may indicate a loss of confidence among liquidity providers. Receipts: The TVL decreased by 98.6% over 24 hours, with a current value of $1.54K. How to verify: Check the current TVL on the pool; monitor transaction volumes for USDG; observe any related market reactions.