$61M Series A in Apr 2021 at $300M led by Pantera and Coinfund, positioned as the DeFi hub of Polkadot. Won parachain auction slot, launched aUSD stablecoin, then got exploit-liquidated when a misconfigured minter printed 1.2B aUSD out of nothing in Aug 2022. Never recovered. The token drifts with what's left of the Polkadot ecosystem itself..