Finance
ZeroLend Shuts Down After 98% TVL Collapse, Marking Another Setback for DeFi Lending
Decentralized lending protocol ZeroLend is winding down operations after its total value locked (TVL) plunged 98% from its peak, underscoring the challenges facing parts of the decentralized finance sector. The project’s founder, known publicly as “Ryker,” announced the shutdown in a post on X, citing sustained operational losses and