#finance
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Lending protocol Everlend Finance has announced that it has ceased operations. The reason is simple: a lack of liquidity.
The codebase is left open-sourced by the developers so that others can continue working on the project.
However, the team also maintains that Everlend is a fantastic product that will eventually be very convenient, and that Solana is the most effective network for its implementation.
The app is now in withdrawal-only mode 
Can Cryptocurrency Replace the Modern Financial System?
Cryptocurrency has challenged traditional finance and brought new opportunities for users. While some see it as a threat to the established order, others view it as an instrument for improving the modern banking system. What is cryptocurrency really? 
Loans were issued against mining equipment. The creditor has about 68,000 of them, as of today.
The company started selling last year. Unfortunately, some loans have already been declared default. The average price of BlockFi's credit ASIC miner is $2,350 and ASIC's current market value is $1,400.
The total companies' debt to the industry in similar loans is estimated at $4 billion. Apart from BlockFi, loans were also issued to NYDIG, Celsius Network, Foundry, Babel Finance, and Galaxy Digital. 
DeFi pros and cons: considering risks and opportunities
DeFi is the innovative analog to the traditional banking sector. In this article, we look at the advantages and disadvantages of decentralized finance from an objective point of view so that you can make an informed decision about the potential of this new field. 