Friday, April 19, 2024
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DeFi Lender Compound Takes Bite of Institutional Crypto Loans Pie

The longstanding crypto loans protocol is adding a borrowing service for institutions that will accept their troves of cryptos such as bitcoin and ether as collateral against stablecoin loans. The institutions will pay interest on their loans, generating yield for the DeFi users whose stablecoins Compound lent out.

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