Ethereum Merge Could Spell Trouble for Distressed Crypto Lender Hodlnaut

The pending transition of Ethereum from Proof-of-Work to Proof-of-Stake can pose new risks to the troubled crypto lender, Hodlnaut.

This Singapore-based company was among many that succumbed after Terra ecosystem tokens collapsed.

Hodlnaut warns of potential risks to its assets, according to a new report. The Merge could cause “bouts of volatility in virtual currencies,” Hodlnaut stated in a blog post. One way to mitigate these risks is to unwind tokens that are used on Decentralized Finance (DeFi) platforms. This could result in material losses.

CryptoPotato’s first article, “Ethernet Merge Could Cause Trouble for Distressed Crypto Lender Hodlnaut,” appeared first on CryptoPotato.

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Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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