Sad to see $Yu depeg, currently recovering to around 0.95. The silver lining is that the BTC held in Yala hasn’t been affected, so you can still repay the borrowed Yu at the original price and retrieve your BTC as usual. The ones taking the hit are mainly those who bought Yu on the secondary market and the LPs providing Yu-USDC liquidity. Hopefully, the points and tokens mined earlier can help cover part of this 5% loss. Another piece of good news is that the overall loss amount seems limited and is roughly within a controllable range. Also, rumors online suggest it might be related to the cross-chain bridge. If that’s the case, it’s recommended to focus the investigation on the internal developers involved.