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Ethereum Lender 3Jane Emerges From Stealth With Paradigm-Led Funding Round


Ethereum-based credit protocol 3Jane has raised $5.2 million in a seed round led by Paradigm to build a scalable infrastructure for uncollateralized, crypto-native credit. Paradigm Backs 3Jane in Bid to Reinvent Onchain Credit 3Jane, a protocol focused on creating uncollateralized credit rails...

Ex-Cred execs plead guilty to wire fraud over $150M crypto collapse


Two former executives of the bankrupt crypto lending service Cred have pleaded guilty to wire fraud connected to the company’s collapse.Former Cred CEO Daniel Schatt and chief financial officer Joseph Podulka admitted to wire fraud as part of a plea deal with prosecutors, according to a...

Former execs of crypto lender Cred cop to wire fraud


Two former executives of the bankrupt crypto lending service Cred have pleaded guilty to wire fraud connected to the company’s collapse.Former Cred CEO Daniel Schatt and chief financial officer Joseph Podulka admitted to wire fraud as part of a plea deal with prosecutors, according to a...

DeFi lender Aave reaches $40B in value locked onchain


Aave, a decentralized finance (DeFi) protocol, has reached a new record of funds onchain, according to data from DefiLlama.In an X post, Aave said it topped $40.3 billion in total value locked (TVL) on May 12. Onchain data reveals that Aave v3, the latest version of the protocol,...

Pump.fun launches lending platform to finance memecoin buys


Pump.fun is launching a lending platform to enable users to buy memecoins and non-fungible tokens (NFTs) with borrowed cryptocurrency, the Solana-based memecoin launchpad said. Dubbed Pump.Fi, the onchain lending protocol provides “immediate… financing for [any] digital...

DeFi lender Nostra pauses borrowing after price feed error


Nostra, a lending protocol on Starknet, has paused borrowing for two liquid staking tokens after identifying a “critical issue” with its price feeds, the decentralized finance (DeFi) protocol said. On March 24, errors in Nostra’s price feed inflated the reported prices...

DeFi lender Nostra pauses borrowing after price feed error


Nostra, a lending protocol on Starknet, has paused borrowing for two liquid staking tokens after identifying a “critical issue” with its price feeds, the decentralized finance (DeFi) protocol said. On March 24, errors in Nostra’s price feed inflated the reported prices...

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