Mar 3, 2023
DeFi loans, also known as decentralized finance loans, are loans that are facilitated through blockchain-based platforms that operate on a d
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DeFi loans, also known as decentralized finance loans, are loans that are facilitated through blockchain-based platforms that operate on a d
DeFi Lending Platform TrueFi Announces First Default on BUSD Loan
DeFi Lending Platform TrueFi Announces First Default on BUSD Loan
Earlier today, October 10, decentralized finance (DeFi) lending platform TrueFi issued a notice of default to Blockwater Technologies on missing a scheduled payment over its $3.4 million BUSD loan. Over the last week, the TrueFi credit group was trying to work out an out-of-court settlement. This included increasing the borrowing… Read more
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DeFi is referred to as decentralized finance which is an ecosystem of different financial applications based on blockchain technology. It operates without any kind of intervention of central or third-party administration. The system makes use of a peer-to-peer network for the establishment of decentralized applications enabling the users to connect as well as manage their
Mainframe Acquires Sablier, An Ethereum-Based Protocol For Real-Time Finance
Mainframe Acquires Sablier, An Ethereum-Based Protocol For Real-Time Finance
Mainframe has acquired Sablier, an Ethereum-based protocol for real-time finance.
The blockchain firm plans to integrate Sablier’s money streaming technology into a fixed-rate lending protocol and create tokenized debt markets akin to digital bonds.
https://twitter.com/Mainframe_HQ/status/1288125649387839490
As per the announcement:
“cryptocurrency loans can create a…
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Aave's New Credit Delegation Feature Enables No-Collateral Loans
Aave’s New Credit Delegation Feature Enables No-Collateral Loans
Aave, the leading open-source and non-custodial protocol, has recently launched a new feature called Credit Delegation allowing users to provide peer-to-peer loans with no formal collateral requirements.
Stani Kulechov, the CEO of Aave, explained on how the system will work:
https://twitter.com/StaniKulechov/status/1280500969986498561?s=20
The new feature relies on peers to…
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DeFi Lending Protocol dYdX Produces More Than $1B In DeFi Loans Over One Year
DeFi lending protocol dYdX has produced more than $1 billion in loans since launching one year ago.
Consecutive monthly all-time highs during February and March of more than $250 million and $400 million respectively resulted in this. Overall, nearly 317,000 transactions have been generated across the lending platform.
https://twitter.com/dydxprotocol/status/1251349757261262848
Thi…
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Atomic Loans Secures $2.45M Seed Funding To Build A Bitcoin DeFi Solution
On April 14, Startup Atomic Loans announced the launch of its Bitcoin-based decentralized finance (DeFi) product while raising $2.45 million in seed funding led by Initialized Capital and with participation from ConsenSys, Morgan Creek Digital and Joe Lallouz and Aaron Henshaw from Bison Trails.
Users can deposit Bitcoin and and take out DAI and USDC loans. The platform works in a similar way…
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