A number of decentralized finance (DeFi) applications and their communities are vying for protection from a wave of liquidations as a result of the record-breaking collapse in cryptocurrencies, sometimes by taking unheard-of actions.
DeFi Staggers In The Winter
Even if the crypto market’s lending problem caused a gloomy period this past week, the DeFi ecosystem experienced a number of fresh advancements. Celsius, a different cryptocurrency lender with significant interests in DeFi technologies, filed for bankruptcy. In the second quarter, the market as a whole reached new lows.