🔥 Hot off the press! MarginFi's leadership shakeup has sparked a $200M crypto exodus, with Solend and Kamino reaping the benefits! 💰

Solend saw a whopping $17M in deposits in the last 24 hours and a 37% token rise, its largest single-day jump since July 2022. 🚀 This comes after Solend's leader, 0xRooter, cleverly offered a token airdrop to lenders moving from MarginFi.

Meanwhile, Kamino, not to be outdone, saw an impressive $81M in new deposits. It's now Solana's largest borrow-and-lend platform, even before its expected token airdrop later this month. 🎉

Despite a 31% deposit exodus in a single day, MarginFi remains Solana's second-largest borrow and lend service and fifth-largest DeFi protocol by TVL. Its future is uncertain after the fiery resignation of CEO Edgar Pavlovsky, but its on-chain programs continue to run.

What's your take on this shakeup? Are you team Solend, Kamino, or still rooting for MarginFi? Let's chat in the comments! 👇 #DeFi #CryptoNews #Solana