Genesis is the top stream of all CeFi earnings. The run panic caused by the bankruptcy of FTX is not over yet. After Genesis suspended withdrawals, first Circle Yield dropped to 0 and Gemini Earn stopped withdrawing.

As a lender to many institutions at the same time, it is necessary to collect funds from borrowers in order to face a run. However, when the market is so bad, no one can come up with the money to repay.

The turmoil is far from over. Recently, another exchange that originally stopped withdrawals and is actively seeking financing to survive the crisis, internal information leaked out today that it was "definitely closed down."

Hey...another medal for participating in history