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by kzzzznot 1318 days ago
Do they work in practice?
2 comments

Kind of..

Solend is a major one that's currently falling over.. and apparently just disappeared $6M worth of users' assets;

https://twitter.com/patio11/status/1590725993324777472

Solend is not a DEX. It is for borrowing against assets. https://aave.com/ is a better lending protocol. Solend has a questionable history, and is closely associated with FTX, which is why the SOL token is down so much.

Patrick gives a good description of the problems in that tweet thread, and why it is affected.

Yes.

https://uniswap.org/ and https://curve.fi/ are the most popular, and have similar 24 hour volume to established exchanges like Coinbase.