Lenders using decentralized finance protocol Goldfinch were hit hard after another large borrower defaulted. Borrower Lend East previously secured a loan worth $10.2 million through support from Goldfinch users. In an update on April 1, Warbler Labs, the company behind the Goldfinch protocol, announced that Lend East would only be able to repay about $4.25 million of the loan, saying it expected Lend East to default on the remaining $5.9 million when the loan matures on April 3. . "Warbler La...
