Babylon Finance shutting down, lessons on 3AC liquidation & NFT X DeFi ↙️

Crypto research for the more informed reader..

[3 min read]

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1. Babylon finance is shutting down

“Despite our efforts, we haven’t been able to revert the negative momentum caused by the Rari/FEI hack.” - Ramon, Founder - Babylon Finance

This is one of the biggest shutdowns in DeFi in recent years. Though most understood it was only inevitable after the FUSE Hack, it is still an absolute shock for the audience.

Ramon Recuero | 🦇🔊 @ramonrecuero

1/ Babylon Finance is Shutting Down Despite our efforts, we haven’t been able to revert the negative momentum caused by the Rari hack. 🐻 Market hasn't helped. medium.com/babylon-financ… 🧵 TLDR below

medium.com🌴 Babylon Finance is shutting downDespite our efforts, we haven’t been able to revert the situation caused by the Rari/FEI hack. We are shutting down.

2. Lessons learnt: BlockFi CEO’s lessons on liquidating 3AC

What does the future of crypto lending look like?

Frank Chaparro @fintechfrank

BlockFi CEO shares lessons learned from liquidating 3AC theblock.co/post/166594/bl…

3. This month’s crypto narratives by onchain wizard:

NFT X DeFi: The less talked about narrative but important nonetheless.

Top Narratives & Catalysts to Watch

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