Crypto lending’s boom-to-bust cycle is claiming another pair of casualties. First, ZeroLend, a multi-chain decentralized lending protocol built on zkSync, a Layer-2 scaling network for Ethereum (ETH), announced on Feb. 18 that it will wind down operations. The protocol, which emerged during the 2020–2021 bull market lending frenzy, cited sustainability challenges and prolonged operating losses. Now, on the centralized side of the market, Chicago-based Blockfills is reportedly up for sale. This comes just days after it reported halting withdrawals. Crypto lending became popular during the 2020–2021 rally. At that ... (full story)