SharkyFi Announces New Milestone with Crypto Lending

Breaking News
Written By Keegan King

Sharky.Fi just announced that they have broken over 1 million Sol tokens in loan volume on their lending protocol and have a total of approximately 110,000 total loans taken with 8,825 active loans as well. 

The team also states that Sharx NFT holders are actively earning $FISHY. This cryptocurrency will be used to purchase more services from Shark.Fi in the future including a subscription service mentioned in the same thread. 

Defaults on loans are dropping too, showing that many borrowers are still solvent. The news is significant for web3 as many lending protocols have struggled since the collapse of FTX which was supporting many protocols on the Solana blockchain.

Keegan King

Keegan is an avid user and advocate for blockchain technology and its implementation in everyday life. He writes a variety of content related to cryptocurrencies while also creating marketing materials for law firms in the greater Los Angeles area. He was a part of the curriculum writing team for the bitcoin coursework at Emile Learning. Before being a writer, Keegan King was a business English Teacher in Busan, South Korea. His students included local businessmen, engineers, and doctors who all enjoyed discussions about bitcoin and blockchains. Keegan King’s favorite altcoin is Polygon.

https://www.linkedin.com/in/keeganking/
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