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New DeFi Project NEW KANGEN (NEWG) Presale Will Start on 2nd October 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...

New DeFi Project Xfinance(XFI) ILO Presale Will Start Today


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


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...

Money Market Protocol Aave Settles $300 Million in Defi Flash Loans


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...

Russia’s Expobank Bank Issues Country’s First Crypto-Collateral Loan


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...

Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours


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...

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