We've enabled closing of Cetus positions yesterday and now the USDC and suiUSDT vaults are unpaused as well!
Thanks to the 90% liquidity recovery on relevant Cetus pools, the vault (lender) liquidity is now fully covered and withdrawable, while LP users will claim the remaining portion through Cetus compensation (on Cetus app). So effectively, Kai is now entierly free of bad debt!
These past 2.5 weeks have been incredibly intense, and we couldn’t have gotten through it without the patience, support, and trust of the Kai community. Thank you all for standing by us — it truly means a lot.
We’ve got a bit of cleanup left over the next day or two—then it’s full steam ahead with the new features we had lined up (delayed only by the Cetus incident). We’re excited to finally share them with you!
Withdrawals are now live for paused USDC and suiUSDT Single Asset Vaults.
You can withdraw 100% of your assets at any time.
Thank you for your patience.