Analysis: Marginfi’s single-day TVL decreased by 28%, funds may flow to Kamino Lend and Solend

According to Mars Finance news, DeFi researcher Ignas posted on the X platform that in about one day, Solana’s ecological margin protocol Marginfi saw an outflow of $169 million, accounting for 28% of TVL. It also said funds flowing out of Marginfi appeared to go to Kamino Lend and Solend. It is reported that Solana lending protocol Solend issued a document on the X platform stating that it will conduct airdrops to users who withdraw funds from Marginfi and deposit them into Solend. The airdrop amount will be proportional to the USD value of the migrated funds. Funds must be deposited for a period of time to qualify.

Earlier today, it was reported that Marginfi founder Edgar Pavlovsky posted on the X platform that he resigned from Marginfi, resigned from the research department, and no longer engaged in all these jobs.