Ethereum & DeFi
Loss-making DeFi lender ZeroLend to shut down after 98% TVL drop
•1 min read
ZeroLend, a decentralized finance (DeFi) lender, has announced it will shut down following a significant decline in total value locked (TVL), which plummeted 98% to $6.6 million. The decision comes amid ongoing operating losses and a sharp drop in the value of its ZERO token.
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