Friday, April 26, 2024
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DeFi Platform Ribbon Finance’s Unsecured Lending Product Sees Crypto Firms Folkvang and Wintermute Borrow Over $10M

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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Airdrop Ethics: VC Firm Draws Ire Following $2.5M Ribbon Finance Exploit

On Friday afternoon, decentralized finance (DeFi) users discovered a researcher for Divergence Ventures, a crypto venture firm, was receiving hundreds of ETH from wallets selling recently airdropped RBN tokens – a sign of an airdrop exploit to which Divergence later admitted.The episode presents the largely unregulated, permissionless DeFi community with

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