“Renzo’s Restaked ETH Depegs to $700: DeFi Platforms Gearbox and Morpho Face Liquidations”
Summary:
Renzo’s Restaked Ether (ezETH) experienced a depeg to $700, causing significant liquidations across DeFi platforms.
Gearbox and Morpho Labs were among the platforms affected by the depegging event.
The depeg was primarily attributed to the end of Season 1 of Renzo’s airdrop.
Renzo Protocol, the second-largest liquid re-staking protocol, holds $3.3 billion in total value locked (TVL).
DeFi Platforms Gearbox and Morpho…
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Bitcoin Halving: A Turning Point Amidst Crypto Market Turmoil?
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Ethereum struggles to maintain key support levels.
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Crypto Market Turmoil: Bitcoin Halving Amid Strengthening US Do…
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