What caused crypto to crash this time (in five charts) and will it last?
Some systems link lenders to borrowers, and depending on how much demand is on both sides, calculate the ‘interest rate’ for the investor tipping the money. These are called “automated lending protocols,” and the biggest ones were Aave, Maker and Compound, which fell 65 percent, 59 percent, and 72 percent, respectively. DeFi also offers “automated market makers” or decentralized exchanges, which automatically connect buyers and sellers and also provide liquidity to the market. The biggest ones are Uniswap, Curve and PancakeSwap which are down 60 percent, 78 percent and 67 percent respectively since January 1. Australia’s DeFi projects include Synthetix, which is down 38 percent, Maple Finance, which is down 14 percent. . While token prices are the most obvious way to track the performance of a DeFi project, the results show how much demand there is for the system. For example, if many people want to lend their money, the yield is high. When people don’t want to lend it, the yield is