Hello Defiers! Hope you’re having a great weekend. Summing up: The past week was rough for DeFi as the broader crypto market pulled back after rallying for much of November. Market volatility was especially high on Thanksgiving, causing the most collateral ever to be wiped out of DeFi protocols. The biggest hit was Compound Finance, which had $88.6M in Dai collateral liquidated after the stablecoin jumped on Coinbase and Uniswap, the only exchanges where the lending protocol gets its prices.
Recap: DeFi Week of Nov. 23 🦄
Recap: DeFi Week of Nov. 23 🦄
Recap: DeFi Week of Nov. 23 🦄
Hello Defiers! Hope you’re having a great weekend. Summing up: The past week was rough for DeFi as the broader crypto market pulled back after rallying for much of November. Market volatility was especially high on Thanksgiving, causing the most collateral ever to be wiped out of DeFi protocols. The biggest hit was Compound Finance, which had $88.6M in Dai collateral liquidated after the stablecoin jumped on Coinbase and Uniswap, the only exchanges where the lending protocol gets its prices.