Why DeFi Speculators Are Borrowing Ethereum as Merge Looms

[Markuri33]

DeFi degens are borrowing ETH in the hopes of getting airdropped a new coin if there's a fork after the merge. Now pools are limiting the borrowing. With Ethereum’s merge event just days away, the entire industry is preparing for the network’s most highly-anticipated upgrade.

Bounty hunters are on the lookout for any bugs in the code; blockchain firm ConsenSys is launching so-called "sustainable" NFTs to celebrate the occasion; and crypto exchanges are making room for another potential fork of the Ethereum blockchain.

DeFi degens are also keeping a close eye on any possible fork. If that were to happen, it would mean that anyone holding ETH at the time of the fork would also earn another airdropped token for the new chain.more info