Crypto lending rises again… but have they solved the risks?
Crypto lending has risen by 55% since July, but now has to deal with the dangers of AI assisted hacks, and risks cascading through interlinked protocols. Here’s how to stay safe.
As the charts flip from red to green, crypto lending has seen a resurgence of interest after a particularly dismal second quarter.
Figures from Galaxy show that $11.33 billion left the sector in Q2 — partly due to the crisis of confidence in lenders caused by the Kelp DAO hack in April that left users of the most trusted protocol, Aave, unable to access their ETH.
Since the beginning of July, however, total lending value locked has gained more than 55% to sit around $56 billion today.
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