Algorand decentralized lending protocol Algofi to shut down by end of year
Developers say building the borrowing and lending protocol is “no longer a viable path” for Algorand.
Algofi, Once a DeFi Powerhouse on Algorand, Faces Closure: What Led to the Demise?
In a surprising turn of events, Algofi, the largest decentralized finance (DeFi) protocol on the Algorand blockchain, has announced its decision to shut down in the coming months. The protocol,…
Algorand’s defi protocol Algofi shuts down due to ‘confluence of events’
Algorand’s largest decentralized finance (defi) protocol Algofi will shut down as the platform says it is unable to maintain the highest standards following a “confluence of events.
Algorand’s largest DeFi protocol Algofi to shut operations
Algorand’s (ALGO) largest decentralized finance protocol, Algofi, will wind down because current events have made its continued operations non-viable, according to a July 10 statement. “A confluence of events has…
DeFi Protocol Holding 55% of Algorand Value to Shut Down
Algofi, the largest decentralized finance protocol on layer-1 blockchain Algorand, said it will shut down and plans to halt lending, borrowing and trading imminently.
Algorand Price Prediction: ALGO May Pump Another 28% Soon
Algorand price prediction: Considering the ongoing momentum ALGO crypto appears to be heading for a retest of the $0.16 level.
Algorand (ALGO) Blockchain Activates Major Upgrade: What We Know
Algorand (ALGO), a veteran blockchain project, announces the activation of a crucial network software upgrade. It allows the blockchain to process transactions faster and equips Algorand-focused developers with a number…
Algorand: Range-bound extension depends on this
ALGO enters a narrow price consolidation amidst BTC fluctuations above $30k. What’s next after the consolidation – a rally or plunge?
3 Cryptos That Have Big Investors Running For the Exits
Here are three cryptos that my be more sells than buys at this current point in the digital asset investing cycle right now.
Algorand partners with DWF Labs in $50M deal
Algorand (ALGO) and web3 investment firm DWF Labs have teamed up in a $50 million deal, per Chainwire. The partnership aims to help support and grow the blockchain through liquidity…
