Despite the drop, the DeFi lending sector has surged nearly tenfold since 2022.

Coinbase Vice President Max Branzburg called the loans a way of “unlocking economic freedom for all.”

The attack involved three transactions that converted Wrapped Bitcoin and DAI into ETH.

Alongside the launch of Syrup Finance, Maple will also replace MPL with the new SYRUP token.

The Optimism-based lending protocol has paused operations.

Stablecoin borrowing rates have climbed to double digits on major lending protocols, with outstanding loans growing 20% to $8 billion in 2024.

Euler's TVL crashed to less than $100,000 after suffering a $197M exploit in early 2023.

The risk management firm “will be terminating its payment stream as soon as possible.”

Aave proposes “Merit” program to reward GHO minters and LST depositors.

In beta, the protocol allows users to natively deposit collateral on one chain while borrowing funds on another.