Contagion came for Maple Finance this week. $31M this time. On an absolute dollar basis it's not so bad relative to recent blowups, but this one hurt because it would appear to invalidate one of the last, if not THE last, remaining example of "CeFi lending done right". This failure begs the question, is such a thing even possible?
Weekly Interest Rate Roundup: Nov 29 - Dec 6
Weekly Interest Rate Roundup: Nov 29 - Dec 6
Weekly Interest Rate Roundup: Nov 29 - Dec 6
Contagion came for Maple Finance this week. $31M this time. On an absolute dollar basis it's not so bad relative to recent blowups, but this one hurt because it would appear to invalidate one of the last, if not THE last, remaining example of "CeFi lending done right". This failure begs the question, is such a thing even possible?