DeFi Lender Arco Protocol, Launched on Aptos Blockchain, Goes Dark After Botched Fundraise |

Arco, which offer lending and staking services, intended to raise funds on Oct. 29 in an initial DEX offering (IDO), which is a form of decentralized crowdfunding. DeFi is an umbrella term for lending, trading and other financial activities carried out on a blockchain without traditional middlemen.

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