Zest Protocol halts new loans amid fallout from Binance incident
- —Zest Protocol paused new loans on Oct. 30
- —Existing positions remain overcollateralized, market described as healthy
- —The platform's products have no exposure to Binance
- —Lending will resume depending on market conditions
Why it matters: DeFi protocols are tightening risk controls after the Binance incident, which could reduce lending liquidity across the sector.
Source: Bloomingbit