The current bear market has left many crypto-related businesses reeling. Between the Luna fiasco and assets dropping close to levels not seen in 2 years, crypto mainstays are struggling to stay afloat – either by freezing hiring, cutting staff loose altogether, or freezing exchanges and withdrawals “to protect consumers.”

And on the DeFi side of things, Nexo is looking to corner the market by refinancing other DeFi platforms currently navigating turbulent waters.

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