lending

Crypo Lender Celsius Taps Chainlink’s Price Oracles for Interest Rate ‘Decentralization’

Lending platform Celsius Network has teamed up with an oracle provider to make the price feeds it uses to calculate crypto asset interest rates less centralized. Announced Monday, Celsius has subscribed to Chainlink, which connects smart contracts with real world data, as a middle pathway to decentralization, said Chainlink CEO Serey Nazarov in a telephone …

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Retail Investors Can Now Use Paxos Gold as Collateral Against Loans

Crypto-lending platform Nexo has today, March 25, opened up the option of using PAX Gold (PAXG) as collateral against its loans to retail investors. A pilot scheme in late 2019 was limited to institutional clients and purportedly saw immediate demand for its gold-backed credit lines. Nexo’s announcement means that collateralized borrowing against high-grade gold is …

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10 Loan Providers Taking Crypto as Collateral, If You Think the Time Is Right for Hodling

</header> <strong>If you are not ready to part with decentralized money, at a time when prices are relatively low, but need some fiat cash to cover costs in times of crisis, crypto-backed loans are a working solution. A number of platforms offer this type of service and their popularity is growing among cryptocurrency enthusiasts who …

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Cred Partners With NBA Star Spencer Dinwiddie to Promote Crypto Lending

Crypto-based lending and borrowing platform Cred is partnering with professional basketball player and entrepreneur Spencer Dinwiddie. A special page has been launched since March 20 for Dinwiddie’s fans to use Cred. The platform lets users earn interest on stablecoins and other crypto assets, with the company advertising a 10% annual interest rate. Lending is also …

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Binance Lending Adds Bitcoin Cash to Flexible Deposits Letting Users Earn Interest on BCH

</header> <strong>Bitcoin cash users now have another venue to earn interest on their digital asset holdings. Binance has added support for <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> flexible deposits on its lending platform, alongside <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/ETH” target=”_blank” rel=”noopener noreferrer”>ETH</a> and <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/EOS” target=”_blank” rel=”noopener noreferrer”>EOS</a>. This development comes just as competition in the …

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ETH Price Strains Defi Collateral Loans as ‘Black Swan’ Event Strikes Makerdao

</header> <strong>The price of ethereum dropping double digits on March 12 sent shockwaves through the decentralized finance (defi) community. Makerdao’s single collateral DAI has been struggling and the low price of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/ETH” target=”_blank” rel=”noopener noreferrer”>ETH</a> has left millions worth of DAI undercollateralized. The defi project’s undercollateralizition was also blamed on price oracle discrepancies.</strong> …

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Thursday’s Market Madness Strained Ethereum’s Killer App: DeFi

So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended.  The decentralized finance (DeFi) sector was hit particularly hard. The decentralized services that feed price information into these headless lending platforms – known as “oracles” in the industry – simply couldn’t keep up. Oracles could …

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MakerDAO Debts Grow as DeFi Leader Moves to Stabilize Protocol

MakerDAO’s emergency shutdown option – which was weighed by community members following the appearance of a $4 million debt bubble on the decentralized finance (DeFi) platform – will not pass at this time. If a shutdown was triggered by the Maker team, all dai stablecoins in circulation would convert to the underlying asset, ether (ETH). …

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Figure Technologies Securitizes $150M of Home Equity Loans on Blockchain

Figure Technologies has completed a long-awaited $150 million securitization of a bundle of home equity lines of credit (HELOCs), billed as the first such transaction in which all aspects of the process were managed on a blockchain. In other words, everything from the origination of the loans to the issuance of the bonds to the …

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