Zest Protocol stated that it paused new borrowing out of caution due to the Binance incident. Its positions remain overcollateralized and its product has no exposure to Binance; it plans to resume once coordinated with the ecosystem.
Bitwise said that the vaults it manages have no Binance exposure and that the collateral assets used by its strategies have not been affected. The company said DeFi the overall impact is limited, but funds are flowing into safe-haven assets and liquidity is tight in some lending markets.
