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PiggyBank's LAB Basis Trade Unwinds, Cutting Vault NAVs by Up to 15%

calendar_today June 9, 2026 person Solana 🧭 Compass domain solana

PiggyBank closed a failed basis trade on locked LAB tokens in early June 2026, triggering NAV drawdowns of 15% in its USDC vault, 12% in SPYx, and 9% in JitoSOL.

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