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DeFi Savings Protocol Sky Slumps to $5M Q1 Loss as ‘Savings Rate’ Erases Profit

DeFi savings protocol Sky posted a first-quarter loss of $5 million after interest payments to token holders more than doubled, according to a...

Crypto Borrowing Demand Plunges as Traders Deleverage Amid Market Turmoil

Borrowing demand across decentralized finance (DeFi) protocols plunged sharply in the wake of the recent crypto market turmoil, a sign of widespread deleveraging...

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