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“Gauntlet has been looking into the risk profile of 0x7a16ff8270133f063aab6c9977183d9e72835428. This account borrows roughly $54m of USDT against $158m of CRV, as of 2023/08/01,” the proposal read. “We recommend setting CRV LTV to 0 to help impede additional borrowing against existing CRV collateral due to the recent decrease in CRV
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Traders pile into short positions in the perpetual futures market as potential liquidation of founder's crypto borrowing may destabilise the broader decentralized finance ecosystem. Original Source
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Traders shorted TUSD to capture a 20% upside for the token’s intended $1 peg. Source
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In addition to Uniswap V3 positions, Unbound is also expanding collateral support to LP tokens of relatively volatile asset pools, such as WETH-DAI. The version 2, however, will introduce price stability mechanisms (PSMs) that automatically liquidate or redeem loaned positions to ensure UND’s value remains stable and closely aligned with
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While LUSD is meant to retain its dollar peg, Liquidity’s secondary token LUSD has seen the upside. LQTY, which has a total supply of 100 million and a market capitalization of $314 million, per CoinGecko, captures the fee revenue generated by the Liquity protocol, which are then paid out to
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Crypto borrowing and lending platform Aave is moving closer to offboarding Binance's troubled stablecoin BUSD. Source
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Clearpool is a blockchain-based credit marketplace that connects borrowers to lenders with hosting borrowing pools. Lenders, when they provide liquidity to a pool, receive so-called cpTokens that are specific to the pool in return. Those who hold the protocol’s governance token, CPOOL, can participate in voting and stake their tokens
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Tether (USDT) — the world’s largest stablecoin by market capitalization — has never received any loan from the bankrupt cryptocurrency lender Celsius, according to the chief technology officer.Paolo Ardoino, CTO at Tether and Bitfinex crypto exchange, took to Twitter on Jan. 31 to announce that Tether has “never borrowed from
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A botched exploit attempt on rival lending protocol Aave brought scrutiny to DeFi protocols’ borrow risks earlier in this month. Original Source
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press release PRESS RELEASE. Launching its much awaited V2 testnet on the Goerli chain today, UniLend team is looking to Revolutionise the Lending and Borrowing scene in the DeFi space. It is the first ever protocol which claims to “Make Every Digital Asset Productive”. Earlier, UniLend Finance CEO, Chandresh Aharwar had
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