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As Curve Averts DeFi Death Spiral, Fiasco Exposes Serious Risks
9.8.2023
Curve, a leading decentralized exchange on Ethereum, was hacked for $70 million in July. Questions continue to linger around the platform's long-term viability and potential contagion risk
CRV exposure risk throws a curveball at the DeFi ecosystem: Finance Redefined
4.8.2023
Most DeFi tokens traded in the red on weekly charts due to the chaos caused by the Curve Finance exploit
Curve founder looks to unexpected counterparties to rescue sinking DeFi loans
2.8.2023
Michael Egorov is attempting to pay off his mountain of DeFi debts by selling CRV at a discount
DeFi Platform Term Finance Brings Fixed Rate Lending to Ethereum
1.8.2023
Short term, fixed rate loans can now work in harmony with Aave and Compound's "ultimate liquidity" model
ECB Tightens Grip With 12th Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns
27.7.2023
The European Central Bank (ECB) has raised the benchmark bank rates by 25 basis points (bps) citing that inflation was down but still remained “too high for too long.” When ECB president Christine Lagarde was pressed about cutting rates by reporters, Lagard insisted the central bank was “not going...
Binance Introduces FDUSD Listing Amid Stablecoin Market Decline, Faces Initial ‘Technical’ Setback
26.7.2023
As the stablecoin market economy witnessed a loss exceeding $3 billion within a 40-day span, several fresh stablecoin endeavors are emerging. Binance, the globe’s leading exchange by trade volume, unveiled three new trading pairs attached to a stablecoin labeled first digital usd (FDUSD)...
Crypto Lender Credix Brings Additional Private Credit Pool on Solana With 11% Yield
26.7.2023
Decentralized finance platform Credix opens a trade receivables lending pool with Solana Foundation among investors
Binance Labs invests in Radiant to lead the next era of DeFi lending
21.7.2023
Binance Labs, an investment and incubation division of Binance, is putting money into Radiant Capital. It is a borrowing and lending service built on LayerZero Labs, which is currently part of the portfolio of Binance Labs. This venture capital round stresses Binance Labs’ dedication...
Coinbase to Wind Down Lending Program Over Coming Months
20.7.2023
Coinbase Borrow, a program that allowed customers to receive fiat loans of up to $1 million against as much as 30% of their bitcoin (BTC) holdings, will be shutting down over the coming months as the company focuses its resources on products that “customers care about most,” a spokesperson said
MakerDAO Votes to Halt Lending to Tokenized Credit Pool After $2M Loan Default
20.7.2023
The embattled Harbour Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt
Bankrupt Celsius to spend $24M from GK8 sale on legal expenses
18.7.2023
After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees
Aave Launches GHO Stablecoin on Ethereum Network
17.7.2023
Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3). Aave’s Dollar-Pegged GHO Token Goes Live...
How to earn passive income with peer-to-peer lending
17.7.2023
P2P lending is a way for individuals to lend money directly to other individuals without involving traditional financial institutions, such as banks
5 peer-to-peer (P2P) lending platforms for borrowers and lenders
15.7.2023
Discover five platforms — Aave, Compound, MakerDAO, dYdX and Fulcrum — that are transforming lending and borrowing through decentralization
DeFi Lender MarginFi Fuels Growth With Loyalty Points, Spurring Talk of ‘Solana Renaissance’
14.7.2023
MarginFi has doubled its user base in two weeks after unveiling a loyalty points program that some believe will lead to a token airdrop
Everything that's happened with Celsius and Alex Mashinsky so far
14.7.2023
A look back at the rise and fall of Celsius, starting with the firm's growth during the pandemic to the arrest of its former CEO and resolutions with federal regulators
Leveraged Yield Protocol Rodeo Finance Initially Loses $1.7 Million in ‘Force-Investment’ Hack
13.7.2023
Rodeo Finance, a leveraged yield protocol on Arbitrum, was on July 10 a victim of a “force-investment” hack in which almost $1.7 million was reportedly stolen. According to Rodeo Finance, about $810,000 has been recovered so far and there are plans to freeze the stolen funds. Protocol...
A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi
12.7.2023
The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the Commodity Futures Trading Commission (CFTC) and...
Algorand decentralized lending protocol Algofi to shut down by end of year
11.7.2023
Developers say building the borrowing and lending protocol is "no longer a viable path" for Algorand
DeFi borrower uses luxury watch-backed NFT as collateral for a loan
11.7.2023
While some praised the move, others believe that it’s centralized and is adding NFTs where it’s not necessary