Marginfi TVL has dropped to 394 million USD, with a nearly 50% decrease in the past 7 days

Data shows that Marginfi TVL has dropped to $394.39 million, with a nearly 50% decrease in the past 7 days. Previously, Edgar Pavlovsky, the founder of Olana's collateral protocol Marginfi, posted on platform X stating that he had resigned from his job at Marginfi and his position in the research department and would no longer be involved in any of these tasks. Edgar pointed out that while Marginfi is a world-class team, he does not agree with how things are done internally or externally.

Edgar expressed hope to devote his energy to work he believes is important for society. Currently lawyers are still resolving issues related to the founder's departure but Edgar has already told all relevant parties that he doesn't really care about tokens, money or anything else. Even though his recent financial situation has been very poor and personal income almost zeroed out. However, currently Edgar does not have plans for next steps.