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DeFi project Aave unlocks collateral with version 2 release
3.12.2020
Users can now trade assets while they are locked up as decentralized finance collateral
Aave Launches V2 in Bid to Make Borrowing Against Volatile Assets Less Risky
3.12.2020
DeFi platform Aave has rolled out its second version, with several features that should make it more flexible and more capital efficient
Uncollaterized Power: A Makerdao Governance Vote Was Swayed by a Defi Flash Loan
2.11.2020
The Makerdao and the stablecoin DAI has been a popular project in the decentralized finance (defi) space and it’s also had its share of problems. This week the project called Bprotocol leveraged a defi flash loan in order to sway a Makerdao governance vote. The development team behind...
Boringdao Raises $1.4M: Project’s Tokenized BTC Bridge Backed by 200% Collateral
10.10.2020
There’s a new tokenized bitcoin project coming to the decentralized finance (defi) ecosystem that’s recently received $1.4 million from blockchain investors. The project called Boringdao, a decentralized bridge between Ethereum and alternative blockchains, plans to launch...
MakerDAO Adds Chainlink, Compound, Loopring as Collateral Options
1.10.2020
MakerDAO has voted to add support for a trio of new tokens for the decentralized finance (DeFi) loans that generate DAI stablecoins
New DeFi Project NEW KANGEN (NEWG) Presale Will Start on 2nd October 2020
29.9.2020
As the cryptocurrency world is experiencing rapid growth, decentralized finance (DeFi) platforms are also rising. In early 2019, there were only $275M of crypto collateral in the DeFi economy than the current $5 Billion+; this represents the massive adoption of this platform. New Kangen New kangen...
‘No Other Option but More Collateral’: The Short- (and Long-) Term Fixes for Dai’s Broken Peg
11.9.2020
Stablecoin demand in yield farming is breaking dai's peg. Solutions revolve around USDC and Maker's version of QE, but will these measures last?
New DeFi Project Xfinance(XFI) ILO Presale Will Start Today
10.9.2020
As the cryptocurrency world is experiencing rapid growth, decentralized finance (DeFi) platforms are also rising. In early 2019, there were only $275M of crypto collateral in the DeFi economy than the current $5 Billion+; this represents the massive adoption of this platform. XFI Presale Xfinance...
Crypto Borrowing: Here Are Seven of the Best Interest Rates on the Market
9.9.2020
Cryptocurrency is sizing up traditional finance on its legacy turf of lending and borrowing with competitive interest rates (currently as low as 0.44% for ethereum and 4.50% per year for bitcoin) as well as less cumbersome verification procedures. Crypto holders present their virtual assets...
‘Bitcoin Beats Gold on Every Single Measure,’ Says Macro Strategist Raoul Pal
6.9.2020
Global Macro Investor CEO Raoul Pal has explained why he believes bitcoin is better than gold in every way. He proclaims that bitcoin is “the hardest form of money” and “the best reserve asset and best collateral asset ever seen.” Bitcoin Is ‘the World’s Best...
Money Market Protocol Aave Settles $300 Million in Defi Flash Loans
2.9.2020
This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time...
No Collateral Required: How Aave Brought Unsecured Borrowing to DeFi
24.8.2020
Aave’s “credit delegation” service makes unsecured borrowing possible in DeFi for the first time. But it’s a long way from replacing your credit card
Russia’s Expobank Bank Issues Country’s First Crypto-Collateral Loan
19.8.2020
The Russian bank Expobank says it has issued the nation’s first-ever crypto-backed loan – despite the fact that the country has recently introduced a new law that prohibits the use of tokens as a form of payment.
Per a report from media outlet Kommersant, the loan was secured by using tokens issued...
Nasdaq-Listed Company Sued for Backing $2 Billion Loans With 83 Tons of Fake Gold
9.8.2020
The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits. $2 Billion Fake Gold Scheme Unravels The gold industry was recently...
Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours
30.7.2020
The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral. Since the last week of June, defi...
Mempool Manipulation Enabled Theft of $8M in MakerDAO Collateral on Black Thursday: Report
22.7.2020
New research suggests March’s “Black Swan” event for Ethereum may have been a sophisticated plan to cash in on a global sell-off
A Polkadot-Based Project Wants to Unlock Staked Coins for DeFi Collateral
22.7.2020
A new project building on Polkadot received an investment of $600,000 to build liquid staking, a way of unlocking liquidity devoted to proof-of-stake
DeFi Lending Platform Enables No-Collateral Loans With New Feature
7.7.2020
The Aave decentralized finance protocol new feature lets users borrow money without posting collateral
Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China
1.7.2020
The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, China. This amount of gold “would be equivalent to 22%...
Cosmos-Based Interoperable DeFi Project Launches on Mainnet With BNB Collateral
10.6.2020
The Kava decentralized finance project has launched on the Cosmos blockchain, giving users the ability to put BNB for collateral to receive its stablecoin, USDX