Traders quickly jumped in to take advantage of TrueUSD's (TUSD) depegging event earlier to capture a potential 20% gain - paying an outrageously large amount in fees to be able to do so.Crypto analytics firm Kaiko said in a Wednesday newsletter that onchain traders utilized Aave and Compound, two popular lending protocols, to borrow large amounts of TUSD and quickly swapped these holdings for USD Coin (USDC), another dollar-pegged token.
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