Analysis: Marginfi’s single-day TVL decreased by 28%, funds may flow to Kamino Lend and Solend
According to Mars Finance news, DeFi researcher Ignas posted on the X platform that in about one day, Solana’s ecological margin protocol Marginfi saw an outflow of $169 million, accounting for 28% of TVL. It also said funds flowing out of Marginfi appeared to go to Kamino Lend and Solend. It is reported that Solana lending protocol Solend issued a document on the X platform stating that it will conduct airdrops to users who withdraw funds from Marginfi and deposit them into Solend. The airdrop amount will be proportional to the USD value of the migrated funds. Funds must be deposited for a period of time to qualify.
Earlier today, it was reported that Marginfi founder Edgar Pavlovsky posted on the X platform that he resigned from Marginfi, resigned from the research department, and no longer engaged in all these jobs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IMF warning: AI reshapes 40% of jobs, youth employment declines
Georgieva stated in Bangkok that although AI is boosting global growth to 3%, it will impact 40% of jobs, exacerbate the wealth gap and fiscal pressures, and pose serious challenges for youth employment.
Goldman Sachs and JPMorgan suddenly brake on AI infrastructure financing: Out of $5 billion AI loans, only $1.3 billion are accepted, and even with an 11% high interest rate, they dare not take it all.
JPMorgan and Goldman Sachs have taken the rare step of limiting their exposure to a $5 billion loan sale to artificial intelligence startup Volta Infrastructure Holdings Ltd.
Crypto prices
More
