16/ @kava_platform hardcoded $ust to $1. Users were able to mint $USDX (native stablecoin from the Kava chain) against UST at 99% LTV without risk of liquidation. After that $USDX was sold for other assets on Kava Swap. pic.twitter.com/0G6JYrcgP0— DeFi Made Here (@DeFi_Made_Here) May 14, 2022


<blockquote class="twitter-tweet" align="center" data-width="500"><p lang="en" dir="ltr">16/ <a href="https://twitter.com/kava_platform?ref_src=twsrc%5Etfw">@kava_platform</a> hardcoded <a href="https://twitter.com/search?q=%24ust&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ust</a> to $1. Users were able to mint <a href="https://twitter.com/search?q=%24USDX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDX</a> (native stablecoin from the Kava chain) against UST at 99% LTV without risk of liquidation. After that <a href="https://twitter.com/search?q=%24USDX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDX</a> was sold for other assets on Kava Swap. <a href="https://t.co/0G6JYrcgP0">pic.twitter.com/0G6JYrcgP0</a></p>&mdash; DeFi Made Here (@DeFi_Made_Here) <a href="https://twitter.com/DeFi_Made_Here/status/1525448576163368960?ref_src=twsrc%5Etfw">May 14, 2022</a></blockquote>


Kava hardcoded UST to $1 and users minted USDX against it and then swapped to other assets on the platform lol

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