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Aave and Lido lose $1.7B in massive DeFi capital drop after the Binance hack

Stablecoin contraction was evident before the breach, while Aave's temporary freeze showed how collateralized loans can coexist with scarce withdrawal cash.

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Aave and Lido lose $1.7B in massive DeFi capital drop after the Binance hack
Image: CryptoSlate

Story summary

Stablecoin contraction was evident before the breach, while Aave's temporary freeze showed how collateralized loans can coexist with scarce withdrawal cash.

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