Zest Protocol Temporarily Suspends New Lending After Binance Incident
Bloomingbit Newsroom
Summary
- Zest Protocol said it has temporarily suspended its new lending services as a precautionary measure to protect users.
- Zest Protocol said its existing loan positions remain overcollateralized and that the market remains healthy.
- Zest Protocol said its products have no Binance exposure, and that new lending will resume depending on market conditions.
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DeFi platform Zest Protocol has temporarily suspended new lending services.
Zest Protocol said on X on October 30 that it had halted new lending as a precautionary measure to protect users following the Binance incident.
The platform said existing loan positions remain overcollateralized and the market remains healthy. It added that its products have no exposure to Binance.
Zest Protocol said new lending services will resume depending on market conditions.
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