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The crypto firm Blockchain.com has revealed it has secured up to $100 million in liquidity from Truefi’s single-borrower pool. The pool will be initially capped at $100 million over the first year and Blockchain.com aims to use the funds to bolster its own “liquidity pools, leverage trading support, and book
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As stETH has grown into a hugely popular DeFi primitive, or building block, more users have flocked to Lido. Although Lido started to see competition soon after it launched, it has dominated competitors, such as Rocketpool and Stkr, and now controls nearly 90% of the fast-growing liquid staking market. Source
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Pools currently deployed on Curve are backed by centralized or decentralized stablecoins, wrapped tokens – such as wrapped bitcoin – or a basket of various assets. 4pool, however, will bring together UST and FRAX, the two largest decentralized stablecoins with a cumulative backing of over $19.6 billion, and USDT and
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press release PRESS RELEASE. Singapore, Singapore / April 4th / – TrueUSD (TUSD) and Balancer (BAL) Automated Market Maker (AMM) partnered up with Polygon to offer liquidity providers with TUSD and BAL rewards from a stablecoin pool incentive program last November. The program incentivizes liquidity providers to add TUSD-DAI-USDC-USDT liquidity
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The pool is possibly the first of its kind to cut services to Russian users. Source
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Digital asset lending platform Celsius has become the first pool delegate from the centralized finance market to deploy a crypto-centric lending service on Maple Finance, utilizing the latter’s smart contract and blockchain infrastructure to facilitate a $30 million pool to institutional investors.Celsius succeeds existing pool delegates BlockTower, Orthogonal Trading, Maven
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press release PRESS RELEASE. On February 17th, 2022, Hoo announced the completion of the first-stage token-repurchase plan on HOO Token with a cumulative total of 423,982.18 HOO repurchased from the secondary market. From January 2022, Hoo had imposed the strategic plan on generating 30% of the income revenue from spot trading
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The processing power backing the Bitcoin network has tapped another all-time high (ATH) in 2022, reaching 246 exahash per second (EH/s) on February 12. After the network reached an ATH on January 15, a month later the hashrate increased by 12.43% — this despite the network’s mining difficulty coasting along
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All things have their humble beginnings; in 2010, the first Bitcoin (BTC) mining project was created in Prague, Czechia, and was simply called Bitcoin.cz. Soon afterward, founder Mark "Slush" Palatinus decided to move on to other ventures, such as creating the world's first cryptocurrency hard wallet, Trezor. As a result,
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In recent months, the PoW consensus mechanism has received scrutiny by lawmakers globally for its energy consumption. Most recently, the U.S. held a congressional hearing to discuss the energy consumption related to the PoW. Meanwhile, the EU markets regulator called for a ban on the validation system, citing its energy
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