Thank you for your continued patience, understanding and words of encouragement.
Starting today, and every Tuesday and Friday until a resolution is reached, we will publish updates to our FAQ with the latest material information available.
help.donut.app/en/articles/67…
In an email from #Genesis to its customers, interim #CEO Derar Islim said it may take "a few weeks" to resolve the suspension of redemptions at Genesis Global Capital, the company's credit arm.👹👹👹
1/ Update for Donut users 🍩
We continue to work directly with Genesis, its parent company DCG, and a group of creditors in a similar position, to find a resolution for users to redeem their funds.
@JustinJDean Heyy - we are committed to sharing accurate and confirmed information as it becomes available. The information you are requesting falls outside of this scope. To prevent the spreading of more rumors and speculation we’ll continue sharing new info as it’s confirmed 👊🏼
Hey all 👋
Thank you for your continued trust and patience as we navigate this situation together!
To honor our 48 hour commitment, here’s the latest update: help.donut.app/en/articles/67…
1/ To our Donut Community
Over the past days, you may have heard that the UST stablecoin depegged from the dollar.
This was unprecedented, and has caused incredible volatility in the DeFi market.