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Connect scattered updates into a story you can understand.
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.
Kamino said it was not affected by the Binance incident, but had suspended SOL/BTC market borrowing out of caution and was continuing to monitor the situation.
Secured Finance says its lending protocol has recovered and reopened on Ethereum,Arbitrum and Filecoin; it states that no users other than the team suffered fund losses.
Solana ecosystem DEX Orca and lending protocol Loopscale announced a merger, with the new entity named Formation. The parties will integrate trading, lending, and investment vault operations and expand into multiple capital-intensive sectors.
BlockBeats cited an AlphaFi announcement as saying that the Sui ecosystem lending protocol has entered maintenance mode, stopping new deposits and loans while maintaining withdrawals. The announcement said that ALPHA bad debt caused by collateralized borrowing has been fully covered, and users need to close their positions and withdraw their assets.