“These DeFi Projects Are In Trouble!”

Cryptocurrency industry’s largest DeFi projects, Aave and Lido Finance, are requesting retroactive financial resources from their own companies.

There has been a bear season in the cryptocurrency industry since last winter. First bitcoin There were sharp decreases in many cryptocurrencies, including. In this process, many investors were wiped out of the market. Many crypto-related startups also went bankrupt.

Bankruptcies in DeFi protocols were talked about a lot during the bear season. Celsius, Voyager, 3AC The bankruptcy of such initiatives caused great repercussions.

Aave and Lido Finance platforms were among the survivors of this destruction. However, both platforms require equity to provide liquidity.

Aave and Lido Finance Request Resources!

The largest DeFi crypto lending platform aaveclaimed retroactive compensation to continue development of Aave Protocol V3.

According to the post shared on the platform’s page, the developers are requesting additional resources worth a total of 16.2 million dollars.

Today, this proposal was accepted by community voting. The liquid assets of the Aave platform were around $800 million in April. However, at the moment, the figure has decreased to 380 million dollars.

An internal resource request From Lido Finance came. The financing proposal for the Lido DAO was accepted by a majority vote today. Lido DAO will sell $10 million worth of $LDO tokens to a risk finance company.