Crypto networks have pledged to put users in control as they try to survive the deepening crisis gripping the digital asset market.
In the past week, three decentralised finance groups have stepped in with emergency plans to protect their projects and users from economic pain in the face of tumbling cryptocurrency prices.
The three platforms – Maker DAO, Bancor and Solend – are prominent in the world of decentralised finance, a corner of the crypto world aiming to build an alternative financial system without a central decision-making authority.
Steep declines in recent months have wiped $2tn, or more than 70%, off the total market value of crypto since November – delivering a sharp kick to those decentralisation dreams.
