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Place/Date: - October 25th, 2022 at 4:14 pm UTC · 3 min read Contact: Bonds, Source: Bonds Instant access to capital is the foundation of all innovation in DeFi. Liquid cash loans fuel the dreams of visionaries who dare to initiate change and drive technological progress forward.
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The attack comes as October looks set to be the worst month for exploits and attacks in the history of cryptocurrencies. Source
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Struggling Bitcoin Miners Are Flocking to Maple Finance’s $300M Lending Pool Original Source
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Binance Pool, a mining subsidiary of Binance, launched a $500 million lending project to support the crypto mining industry. It will provide loans to private blue-chip Bitcoin (BTC) crypto miners. According to the official blog post from Oct. 14, the Binance Pool will provide access to a $500 million loan fund
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"Defaults are ordinary course in this asset class and critically important to refining risk parameters and pricing over time," Roshan Dharia, head of lending at Archblock, a core TrueFi contributor which oversees borrower relationships on the protocol, told CryptoX. "We have historically been heavily focused on borrower counterparty risk, asset
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“People are already incentivized to use their crypto to invest in real estate; the problem is that until now they have never had the ability to,” co-founder and CEO Aaron Nevin told CoinDesk. “Historically, to buy a home they would have had to liquidate their assets, lose their upside and
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"With this acquisition, Ledn will become the first digital asset lender to offer yield fund products under the exempt market dealer registration," said Adam Reeds, Co-founder and Chief Executive Officer of Ledn. "It will also allow us to offer more investment opportunities to accredited clients in markets that recognize Canadian
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Meanwhile, Lend users stand to make higher yields from unsecured lending to institutions that have been evaluated for their creditworthiness by Credora. Besides, lenders can exit their positions at any time, subject to availability of liquidity in the pool. According to Ribbon, most unsecured lending in Decentralized Finance (DeFi) is
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Celsius was one of the crypto firms to collapse due to the market downturn earlier this year and has been struggling to payback its creditors. The lending firm was looking at a number of ways to payback its debt, including IOU (“I Owe You”) tokens. Source
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The creditors are seeking information regarding the loan agreements between Celsius and Equities First, any transfer of cash or crypto between Celsius and the lender, and also the reason behind Equities First inability to payback the $439 million collateral to Celsius. Original Source
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