Curve Crisis Shows Pitfalls of Decentralized Risk Management

CoinDesk reported:

Even still, the Egorov situation “put a chink in the armor of DeFi protocols in showing that you can have bad debt, you can have credit losses in over-collateralized loans – provided that the collateral is not liquid enough,” said Sid Powell, the CEO of Maple Finance, an institution-focused DeFi lending company.

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