The proposal builds on a temp check, approved in August 2024, to adopt a fee switch to return some of the platform's excess revenue to users.
Despite the significant liquidation volume, major lending platforms have demonstrated resilience, continuing to function as designed even under stress.
According to Aave, Sonic’s monetization model allows protocols like Aave to earn a share of the transaction fees generated by user activity.
Withdrawals of the platform's USD-pegged stablecoin BOLD and user's staked positions haven't been impacted, the team said.
The founder of Aave downplayed Solana’s Kamino during an argument with the president of the Solana Foundation and the co-founder of Solana Labs about decentralized money markets on X. Alex Svanevik, founder of Nansen, questioned the absence of Aave on Solana, which currently boasts Kamino as its largest money market protocol. According to DefiLlama data, […]
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Decentralized credit protocol Maple reported that none of the platform users’ positions were liquidated during the Feb. 2 price crashes, resulting in no bad debt. It also reported that users deposited $10 million to reinforce their margins over the period to avoid liquidation events. Over $10 billion was liquidated in a single day, as Ethereum (ETH) […]
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The protocol is designed to solve the issue of undercollateralized crypto lending by allowing borrowers to customize their vaults.
“Everything went flawlessly as far as im aware,” said Rune Christensen, founder of MakerDAO, which actioned off about $8 million in collateral.
Aave aced the market's stress test, processing millions in liquidations without taking on new bad debt.
The following is a guest post from Christina Comben. If you’ve been following the crypto space for any length of time, you may be familiar with the name Ledn, pretty much the only centralized Bitcoin lending platform that didn’t crash and burn in the aftermath of Terra/LUNA, FTX, et al in 2022. Ledn’s more conservative […]
The post Why lending platform Ledn will always be Bitcoin first appeared first on CryptoSlate.
The decentralized lending platform launched a “first-of-its-kind” onchain structured yield product targeted towards institutions.
Liquity V2, which enables borrowers to pick their own interest rates, will direct 100% of its revenues to grow the BOLD stablecoin.
The yield-bearing solution was spun up through a partnership with crypto-native fund Maven 11's credit unit and a prominent prime broker.
Coinbase has launched Bitcoin-backed onchain loans through Morpho, a decentralized lending protocol available on Ethereum and Base.
The bitcoin miner holds 44,893 BTC on its balance sheet, it said in a production report.
NYDIG, Stone Ridge’s subsidiary that offers Bitcoin-backed loans, is preparing to expand its offering through float financing, according to the firm’s 2024 investor letter. The letter rebuts common objections to Bitcoin’s (BTC) utility, suggesting that it can generate cash flow through sales and serve as collateral for fiat loans. Float is a key concept in […]
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The potential deployment on a Bitcoin layer-2 by the largest DeFi lending protocol highlights the appetite for harnessing the original blockchain for purposes that are commonplace elsewhere in the crypto ecosystem.
Some $350 million notional value of November call options traded on CME with a breakeven bitcoin price of nearly $80,000, anticipating a rally next month, one analyst noted.
The Donald Trump-backed crypto platform, World Liberty Financial, wants to run as an instance on the DeFi protocol Aave.
The plan would create markets for DAI-replacement USDS on Aave.
Layer-2 chains Base and Scroll have contributed to Aave’s recent borrower and depositor growth.
Layer-2 chains Base and Scroll have contributed to Aave’s recent borrower and depositor growth.
The strategic funding round included a16z, Coinbase Ventures, Variant, Pantera and Brevan Howard.
Blockchain security firm Cyvers Alert reported a significant exploit on the DeFi lending protocol UwU Lend, which resulted in an approximately $19.5 million loss. The attacker funded their wallet via the sanctioned crypto mixer Tornado Cash. Cyvers co-founder and CTO Meir Dolev told CryptoSlate in a June 10 statement: “The UWU lending contract was exploited […]
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DLC.Link CEO Aki Balogh tells The Agenda how DeFi on Bitcoin will unlock BTC’s potential for collateral, yield farming and more.
Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and pays the lion's share of protocol revenues back to liquidity providers.
On May 3, the US DOJ announced charges against former executives of Cred, a bankrupt crypto lending and investing firm. Authorities alleged that the three accused individuals — Cred co-owner and former CEO Daniel Schatt, former CFO Joseph Podulka, and former CCO James Alexander — took part in a scheme that caused customers to lose […]
The post DOJ charges three Cred execs over $783 million in customer fund losses appeared first on CryptoSlate.
Crypto's high yield structured product sector is getting a bit more mature.
The platform was part of a targeted campaign by state regulators and promised to stop U.S retail operations last summer.
Solana‘s total value locked (TVL) currently stands at $4.666 billion, with a bridged TVL reaching just over $21 billion as of press time. This figure is distributed across dozens of protocols, each contributing to the burgeoning ecosystem in a unique way. The distribution of value across protocols is an indicator of user preferences, emerging trends, […]
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