Tagged: lending protocol

May 9, 2023 @ 7:53 am By Omar Faridi  |  

MakerDAO, which claims to be the “longest-standing” DeFi lending protocol and creator of DAI, the original decentralized stablecoin, has announced the official launch date of Spark Protocol, a MakerDAO-centric decentralized application. Starting from May 9th, Spark Protocol will “serve as the underlying infrastructure for Spark… Read More

December 16, 2022 @ 7:02 pm By Omar Faridi  |  

Finterest, which claims to be the “first” crypto lending protocol available on the Internet Computer (ICP) built to support native Bitcoin borrowing and lending, announced the close of its $1.5 million seed round. Investors reportedly “include Polychain Capital via the Beacon Fund, an Internet Computer-focused… Read More

August 24, 2021 @ 2:21 pm By Omar Faridi  |  

Avalanche lending protocol BENQI has reached $1 billion in total value locked (TVL) only a few days after its launch. BENQI, an algorithmic liquidity market protocol, has managed to attract more than $1 billion in total assets to its “decentralized” platform since its launch on… Read More

April 28, 2020 @ 9:13 pm By Omar Faridi  |  

dForce, a Chinese decentralized finance (DeFi) platform that recently experienced a hack that led to the loss of around $25 million worth of cryptocurrency, confirmed on April 27, 2020 that it will be compensating all its users for their stolen funds. This, after the digital… Read More