Interesting. I really need to look into the tech behind Hive/HBD some more now that I'm "community member" status.

That Cashio thing reminds me a lot of a coin called mStable that I liked a lot when I looked at it last year. Not too sure how they're doing these days. Stablecoin backed by a basket of other stables, just like this one.

So were the minted coins used to drain the liquidity from reserves? Or were they used to purchase USDC somewhere else?

In other words, did the TVL go down to 579k because people got scared and took their money out, or did those people actually lose all that money?