FeFi Total Value Locked and Debt Outstanding
The market is growing on two sources of money: new money and credit money. DeFi decentralized finance platform issues loans secured by ETH cryptocurrency. Currently, loans amounting to $ 1.05B have been issued.
The outstanding debt is $ 208.2M, which corresponds to approximately 800,000 ETH. It is likely that credit funds go to the market for margin trading and are lost. At the end of the loan term, the locked ETHs will be sold on the market, which may lead to a collapse in the prices of ETH and the entire market as a whole.