RWA Goldfinch, a decentralized lending protocol backed by a16z, has experienced tens of millions of dollars in loan defaults, causing its GFI token to plummet by 99.8%. The incident highlights risks in crypto lending tied to real-world credit.
Goldfinch, a decentralized lending protocol backed by a16z, has experienced tens of millions of dollars in loan defaults, causing its GFI token to plummet by 99.8%. The incident highlights risks in crypto lending tied to real-world credit.