| Founded | 2021 |
|---|---|
| Closed | 2023 |
| Country | El Salvador |
| Sector | Crypto |
| Collapse type | Regulatory Kill |
DeFiSV
"El Salvador's DeFi protocol that the same government enabling Bitcoin was simultaneously regulating into impossibility"
Forced closure by regulatory action
Key Events Timeline
DeFiSV built a decentralized lending protocol for El Salvador, raising $2M on the assumption that Bitcoin's legal tender status implied a permissive crypto environment.
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