PiggyBank’s LAB hedge backfires as USDC vault NAV drops 15%
PiggyBank closed its LAB hedge after extreme swings, with estimated NAV drawdowns of 15% for USDC, 12% for SPYx and 9% for JitoSOL accounts.
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PiggyBank closed its LAB hedge after extreme swings, with estimated NAV drawdowns of 15% for USDC, 12% for SPYx and 9% for JitoSOL accounts.