DeFi has been making waves in the financial world and one such platform, Solana-based Everlend Finance, was riding the wave until now.
The Solana-based lending protocol has announced that it will be shutting down due to the lack of liquidity. Despite the platform’s potential and the team’s belief in Solana as an efficient chain for DeFi, they have decided to close down operations as they believe it would be a gamble to continue in current conditions.