Today in DeFi - Saddle to Close Down, Goldfinch Faces Loan Default, Upgraded Perps Trading, and more...
Saddle to Close Down
Curve fork protocol Saddle plans to wind down the protocol and airdrop protocol-owned $ARB tokens to $SDL/veSDL holders.
Goldfinch Faces Loan Default
RWA protocol Goldfinch has defaulted on a $5m loan to Kenyan motorcycle company Tugende. Tugende reportedly breached the terms of the loan agreement, resulting in a default amounting to approximately 4% of Goldfinch's TVL.
Launched by Sphere Finance, Preon is now live on the Ethereum mainnet. Preon is a cross-margin, zero-interest lending protocol that makes use of CDP mechanics.
Sushi Testing Smart Pools
Sushi is looking for Smart Pool testers. Powered by Steer protocol, Smart Pools will enable automated liquidity management via built-in strategies that determine price ranges for LPs.
Solana Cypher Exploit
Solana-based DEX Cypher has halted its protocol after a $1M exploit. The team is investigating with security firms and will get more details out.