cAPE Exchange

On March 19th, the NFT lending agreement ParaSpace announced that the funds had been recovered from BlockSec and was rebalancing the fund pool on the platform. At the same time, efforts were being made to repair the cAPE exchange so that it could recover to a 1:1 ratio to APE. Once the phased reopening of the protocol begins, things like the front-end will be fixed and display correct and accurate data. ParaSpace: Funds have been recovered from BlockSec and efforts are being made to restore cAPE and APE 1:1 anchoring Analysis based on this information:ParaSpace, an NFT lending platform, has finally recovered funds from BlockSec, an incident that led to the redirection of funds from their pool. This announcement was made on March 19th, marking a big and timely milestone for the company. With the funds recaptured, ParaSpace is currently rebalancing its fund pool, a process that is expected to take some time. The company is ensuring that they take…