DeFi is getting seriously slammed from sell-offs.
Liquidity provider asks platforms to freeze 3AC funds to recover assets after litigation
In a Twitter thread, Yuan explained their company’s involvement with 3AC, noting that they are paying the company to use the trading accounts that they own. The agreement included the ability to withdraw funds at any given time.In light of the recent fragility in the DeFi sector, Bitcoin maximalist and MicroStrategy CEO Michael Saylor feels that Bitcoin and the Lightning network can come to the rescue of the DeFi market.
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