Tagged: decentralized lending

Decentralized Lending Protocol RociFi Welcomes $2.7M Seed Round

Loans Lending Borrow Debt

  RociFi, a decentralized zero and under-collateralized lending protocol, this week announced the completion of a $2.7 million seed funding round Arrington, Goldentree, Nexo, LD Capital, and Skynet Trading. The company has developed a protocol that leverages on-chain data, machine learning and decentralized identity data to… Read More

BNPL Pay, a Decentralized Lending Protocol, to Enable Financial Inclusion

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BNPL Pay, a “decentralized” lending protocol that “puts credit in the hands of those who need it the most (users without capital), says that it aims to address the problems presented by uncollateralized borrowing through their “novel” design of “a decentralized network of banking nodes.”… Read More

DeFi Protocol Aave Inroduces Centrifuge, A Platform for Launching Real-World Assets

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The developers of Aave, an open-source and non-custodial decentralized finance (DeFi) protocol for earning interest on digital asset deposits while also being able to borrow assets, have announced that they’re introducing Centrifuge – which aims to bring real-world asset markets to the Aave protocol. Isa… Read More

Cross-Chain DeFi Hub Kava Serves as “Decentralized” Bank for Digital Assets, Provides Access to Stablecoins and Loans

Old Building Bank USA

The developers at Kava (KAVA) have noted that Kava.io serves as a cross-chain decentralized finance (DeFi) hub. It provides various applications and services to major cryptocurrency networks. According to its developers, the Kava platform operates as a “decentralized bank” for crypto-assets. It helps users connect… Read More

Over $3.5 Billion Deposited in DeFi Protocol Aave, $1 Billion Borrowed via Platform as of September 2020

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The team at Aave, an open-source and non-custodial decentralized finance (DeFi) protocol for earning interest on digital asset deposits while also being able to borrow assets, confirmed in a blog post published on September 30, 2020 that it was the final day to vote on… Read More

Kava Blockchain Devs Claim they’ll Offer a “Curated” Apple Store Experience where DeFi Apps will be Carefully Vetted

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The Kava (KAVA) blockchain platform community members noted recently that they had initially compared their platform to MakerDAO, a leading Ethereum based lending system, and its CDP functionality. The Kava team now claims that being compared to MakerDAO “doesn’t really do justice” to what their… Read More

Risky DeFi Token Yearn.Finance (YFI) to Launch on Coinbase Pro, the Platform for Professional Crypto Traders

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On September 14, 2020, Coinbase Pro (for professional traders) users will be able to transfer  yearn.finance (YFI) tokens into their accounts ahead of scheduled trading. The San Francisco-based crypto exchange noted that support for YFI tokens will be available in all of its supported jurisdictions,… Read More

DeFi Protocol Maker Upgrades its Liquidations System so that it Can Handle Emergencies like Historic March 12, 2020 Market Crash

New and Improved 2

The Liquidations System of the Maker Protocol, which supports a leading Ethereum (ETH) based lending system, is a key element that has been developed to ensure that the stablecoin Dai generated in Maker Vaults “remains adequately collateralized.” The Maker Protocol is central or key to… Read More

All-in-One, Interoperable DeFi Hub, Equilibrium, Partners Polkadot After Creating EOS based Lending Solution, and Stablecoin

Blockchain

Equilibrium, which describes itself as an all-in-one, interoperable decentralized finance (DeFi) Hub that lets users stake (cryptocurrencies) and earn, lend and raise liquidity “all in one place,” has partnered with Polkadot, a leading blockchain protocol that has been founded by Gavin Wood, an Ethereum (ETH)… Read More

Decentralized Finance Protocol MakerDAO Shuts Down Single Collateral Lending System, Will Move to Multi-Collateral System

Diving Board is Closed

MakerDAO, a leading Ethereum-based lending system, is preparing to move to a multi-collateral DAI (MCD or Dai) system. The protocol’s community has closed down the single-collateral Dai (Sai) system, as the decentralized finance (DeFi) solution gets ready for the transition. MCD had been activated on… Read More

Decentralized Finance: Researchers at Paradigm Publish Whitepaper Describing Fixed-Interest Rate DeFi Protocol

salary loans Liberty Finance Lending One Way

A researcher from digital asset investment company, Paradigm, has co-published a whitepaper that describes a new type of decentralized finance (DeFi) lending protocol, which promises fixed-interest rates. Dan Robinson and Allan Niemberg, the authors of the Yield Protocol whitepaper, officially announced the initiative on May… Read More

Decentralized Finance Protocol Compound Users May Lend and Borrow Stablecoin Tether (USDT) Following Community Voting

Loans Lending Borrow Debt

Users of Compound, a decentralized finance (DeFi) lending solution, are now able to issue loans and borrow Tether (USDT), the largest stablecoin, following a recent poll of the protocol’s governance token holders. There were 797,981.28 votes that were cast in support of the proposal to… Read More

Paradigm Is Biggest Winner of MakerDAO Lending System’s MKR Governance Tokens, to Cover $4.5 Million of Undercollaterized Debt

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San Francisco-based Paradigm, a digital asset investment firm, is reportedly the biggest winner of several MKR governance token auctions which were meant to cover about $4.5 million of undercollateralized debt. The auctions, which took place between March 19 and March 28, 2020, managed to raise… Read More

Maker Foundation, which Supports Ethereum-based DeFi Platform MakerDAO, Appears to be Winning All Auctions of MKR Governance Tokens

Auction

MakerDAO, a leading Ethereum (ETH)-based decentralized finance (DeFi) platform, is currently in the process of carrying out an auction of MKR governance tokens in exchange for stablecoin Dai, in an attempt to cover around $4.5 million undercollateralized debt. On-chain (blockchain) data reveals that the Maker… Read More

DeFi: Decentralized Finance Lending Protocol MakerDAO Might Add Stablecoin USDC as Collateral to Address Dai Liquidity Problem

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The MakerDAO community is reportedly considering the possibility of adding the USDC stablecoin as an additional type of collateral in order to provide more Dai (another major stablecoin) liquidity into the decentralized finance (DeFi) platform. MakerDAO (where DAO stands for distributed autonomous organization) is an… Read More

Leading DeFi Platform MakerDAO Partners Digital Payment Processor Simplex to Develop Fiat On-Ramp for Maker’s Dai Stablecoin

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MakerDAO, the leading decentralized finance (DeFi) platform, has teamed up with Simplex, a digital payment processor, in order to develop a fiat on-ramp for Maker’s Dai (DAI), which is the first decentralized stablecoin (digital currencies pegged one-to-one with major fiat currencies or other real-world assets)…. Read More

DeFi: Decentralized Finance Platform Compound’s Developers Reveal Results of Stress Tests Under Extreme Market Conditions

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The developers of Compound, a decentralized Ethereum-based lending protocol that forms part of the nearly $1 billion (at current valuations) DeFi ecosystem, had commissioned a stress test, which now reveals that the platform will be able to scale its total borrowed ETH value by 10x… Read More

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