Maker even cut interest rates, lending space between lending platforms

DAppTotal released a report today. In the past September, the entire digital currency market experienced a large fluctuation in the market. Due to the cyclical lock mechanism of the Staking platform, many investors suffered large asset losses (money standard). ). The same impact has also affected most DeFi lockout platforms. According to DAppTotal.com data, in September alone, DeFi locks were valued at up to $1.28 billion, with a minimum shock of $977 million. As a result, MakerDAO, the leading platform in the lending market, successively lowered interest rates to stimulate normal market lending. demand. As Maker continues to cut interest rates, the interest rate difference between Compound and dYdX and Maker platforms is gradually narrowing, which makes the arbitrage space smaller and smaller for users.