Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Pavlovsky exits DeFi platform Marginfi due to policy disputes
    DeFi Marginfi CEO
    DeFi Marginfi CEO
    Blockchain

    Pavlovsky exits DeFi platform Marginfi due to policy disputes

    By Sylvia ShenApril 12, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Edgar Pavlovsky’s resignation as CEO of Marginfi, leads to a 25% decline in the platform’s total locked value.
    • Marginfi affirmed Pavlovsky’s resignation statement, citing his disagreement with company policies, as the reason for his departure.
    • Marginfi experienced a substantial outflow of funds, causing its total value locked to drop below $600 million, raising concerns about the platform’s stability and future direction.

    Edgar Pavlovsky, the CEO of the Solana-based decentralised finance (DeFi) platform Marginfi, resigned due to internal strife. This resulted in a 25% decrease in the network’s total locked value.

    MarginFi CEO’s resignation

    Marginfi confirmed Pavlovsky’s resignation announcement on X, wherein he expressed his disagreement with the company’s policies.

    According to Pavlovsky’s X post: “I don’t agree with the way things have been done internally or externally.” MarginFi’s official statement described the departure of its co-founder as “a function of internal operational disagreements and of his own personal reasons.”

    The departure of the CEO has triggered a significant withdrawal of funds. Following Pavlovsky’s exit, Marginfi’s total value locked (TVL) has plummeted to under US$600 million.

    Also read: Who is Brian Armstrong? Coinbase CEO went from tutoring startup to billionaire crypto campaigner

    Leadership shake-up

    Marginfi is a company developing a crypto borrow-and-lend platform on the Solana blockchain. Its mission is to simplify access to margin, enhance risk management, and optimise capital efficiency for traders.

    Pavlovsky’s departure leaves MarginFi’s leadership in question, prompting attention to shift towards MacBrennan Peet, another co-founder who may fill the void. However, Peet’s past controversies within the company add complexity to the situation.

    Also read: Bitcoin price forecast: 5 experts look to 2024 and beyond

    Competitor Solend seizes market opportunity

    In response to MarginFi’s challenges, competitor Solend has capitalised on the opportunity by enticing MarginFi users with airdrops when they transfer their funds.

    Meanwhile, the Solana network, on which both MarginFi and Solend operate, has encountered its own set of issues. Recent congestion problems have plagued the network, exacerbated by bot spam attacks that have resulted in a staggering 75% failure rate for transactions.

    Edgar Pavlovsky MarginFi Solend
    Sylvia Shen

    Sylvia Shen is an editorial assistant at Blue Tech Wave specialising in Fintech and Blockchain. She graduated from the University of California, Davis. Send tips to s.shen@btw.media.

    Related Posts

    ICANN’s quiet power grab: ICP-2 compliance document raises alarms amid AFRINIC crisis

    July 16, 2025

    Republic Bank (Ghana) Ltd: Strengthening finance across Ghana

    July 16, 2025

    Central Bank of Congo

    July 16, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.