The demand for the metaphor is required while traders were dancing amid market turmoil

The demand for demand through decentralized financing protocols (Defi) has decreased sharply in the wake of the recent disturbances in the encryption market, a sign of widespread spread as encrypted investors are not risky.

The average return on the US dollar-what the protocols pushed to lenders to lend their assets-to 2.8 % on Tuesday to its lowest level per year, is measured by the Defi-Operning Application Vaults.fyi standard. This is much lower than average Money market prices in US dollar In traditional markets (4.3 %), a significant decrease from the peak of the encryption market in mid -December, when Defi rates reached 18 %.

“This is significantly due to the market move towards a risk environment as borrowing has decreased via protocols,” said Ryan Rhodbo, CEO of WallFacer Labs, the team behind Vauults.fyi.

This step reflects the spread of morale that spreads through the encryption markets, where investors pulled a lever back amid fluctuating price fluctuations. While users pay loans and references, wipe unrestricted situations, and demand for borrowing declines. Meanwhile, the deposits available for lending on protocols remained stable, for each cellar. FYI data, which means that the decrease in revenue from borrowers is widespread between the same amount of lenders, which exerts the declining pressure on the returns.

“This is a” negative dual marriage “with regard to the rates that the remaining lenders receive their salaries.

The sharp decrease in revenue and the slaughterhouse reduction in the encryption markets has exacerbated this week, as the main Defi lending protocols reported that there was a wave of cells in asset prices quickly. Bitcoin (BTC) and ETH ETH ETHEREUM, who have mostly used as a guarantee of encryption loans, by 10 % -15 % less than 75,000 dollars and $ 1500, respectively.

AAVE, the largest decentralized lending market in terms of the total value (TVL), was treated with more than $ 110 million in the forced rank during the decrease in the Sunday market, Omer Goldberg, CEO of Defi Analytics Chaos Labs,, male Quoting data on the series.

Sky (previously Makerdao), the source of $ 7 billion, and one of the largest lending platforms in Defi, which has also filted a $ 74 million atherapy whale loan, of $ 67,570, at a value of $ 106 million at that time, Data on the series He appears. last Great lender With 65000 ETH in the guarantees, parts of its loan of $ 66 million exceeded to avoid a similar fate, reducing the debts owed to $ 28 million.

The total value of the borrowed assets on AAVE fell to $ 10 billion on Tuesday, a sharp drop from more than $ 15 billion in mid -December, Defillalama data He appears. Morefu, another major lending protocol, witnessed a similar decrease to $ 1.7 billion from $ 2.4 billion during the same period. Devilia.