lending

C.R.E.A.M. launches Iron Bank flash loans, eyes cross-chain capital efficiency

In a press release today, C.R.E.A.M. Finance announced a new feature for (and, by proxy, an unofficial relaunch of) Iron Bank, the protocol-to-protocol lending platform designed for flash and undercollateralized loans.  C.R.E.A.M., which founder Leo Cheng describes as “the yolo-est Compound fork,” is a money market designed to cover assets that are “underserved” and allow …

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Crypto lender Celsius has paid out $250M in rewards

Celsius, a centralized cryptocurrency lending platform, claims to have paid out over $250 million in rewards to its 415,000 users, underscoring the rapid growth of blockchain lending protocols.  Celsius announced the milestone in a Monday press release, which highlighted the company’s significant growth over the past two years. “Celsius remains one of the fastest-growing companies …

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Finance giant SBI expands cryptocurrency lending service to XRP

Japanese financial services firm SBI Group has enabled XRP lending through its cryptocurrency-related subsidiary, SBI VC Trade. According to a Feb. 4 announcement, SBI VC Trade Lending users can now earn interest by depositing their XRP holdings between 1,000 and 100,000 XRP, with the lending period lasting up to 84 days. “VC Trade Lending is …

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Pulse DeFi LTD Provides a Full Range of Financial Services, With Decentralization at the Forefront

<div class=”featured_image_container”> </div> <b>Pulse DeFi LTD Is a new London-based platform for digital token farming, staking, lending and borrowing. It provides a full range of services that can replace the old established financial system, but with decentralization at the forefront.</b> Pulse DeFi LTD Wants You to Be Able to Trust the Economy Again At the …

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Winklevoss’ Gemini crypto exchange launches ‘Earn’ offering

Gemini cryptocurrency exchange has launched an interest-earning program for customers in the United States. Dubbed Gemini Earn, the program lets customers earn up to 7.4% annual interest on all cryptocurrencies supported by Gemini, the firm announced Tuesday. The platform supports 26 cryptos like Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC) and …

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Projects weigh security risks, benefits of liquidity pool token collateral

Multiple decentralized finance (DeFi) projects are moving forward with plans to allow liquidity provider tokens as collateral for stablecoin and lending services — though experts caution that the security considerations associated with using LP tokens in this manner can be complex.  LP tokens are distributed to liquidity providers on automated market makers (AMMs) to represent …

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Babel Finance Is Letting Crypto Mining Firms Use Machines as Loan Collateral

Babel Finance is letting bitcoin mining firms put up their machines as loan collateral so the lender can offer them better terms. The loan-to-value ratio (LTV) for these loans is 30%, in part because Babel keeps the freshly mined crypto until the borrower pays back the loan. The LTV is significantly cheaper than the 160% …

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Proposal seeks to overhaul Aave’s $375 million Safety Module

In a largely celebratory community call devoted in part to commemorating lending protocol Aave’s January 8th “Aaveversary” — a full year of Aave on Ethereum mainnet — there was also a look into Aave’s possible future: a proposal from Delphi Digital seeking to fundamentally alter Aave’s Safety Module and create a new insurance product offering.  …

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Here Comes the Open Lending Era

In 2020 we finally saw some of the nearly decade-long blockchain hype fulfilled and the legitimate building blocks of a next-generation banking system emerge.  Open finance, and specifically open lending, has exploded to well over $10 billion this year. This growth has catalyzed a new source of funding for market participants ranging from individuals to …

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Cred customers demand answers after platform files for bankruptcy

United States-based cryptocurrency lending service Cred filed for Chapter 11 bankruptcy protection on Saturday, leaving many customers searching for solutions to get their funds.  According to court documents, the legal team for Cred CEO Daniel Schatt filed bankruptcy papers for the company in the District of Delaware on Nov. 7. Cred listed its estimated assets at …

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