Crypto vaults channel billions into risky lending, FT reports
- —"Curators" of crypto vaults operate much like fund managers
- —Billions of dollars have flowed through vaults into risky lending
- —The new structure has attracted the attention of regulators
Why it matters: The growth of vaults expands a lightly supervised corner of DeFi lending, raising the risk of regulatory action against such structures.
Source: Financial Times Crypto