DeFi Hit Hard By Ethereum Price Crash This Past Week: MakerDAO Loses $5.7 Million Due To System Inefficiency, 50% Of All DeFi Assets Wiped Out, Untold Amount Of Borrowers Lose Their Collateral

Decentralized Finance (DeFi), which primarily consists of blockchain-based lending and borrowing, had been one of the most rapidly growing crypto space sectors until the cryptocurrency price crash this past week. Lots of damage was caused across the DeFi sector due to the price of Ethereum (ETH) falling faster than anyone expected, from roughly $200 to… Read more

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