Lending | Crypto Profit Bot

Mainframe-rebrand HiFi launches fixed-rate lending protocol

February 17, 2021

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The new entrant into DeFi lending hopes to stand out with unique collateral types and features. 2464 Total views 23 Total shares HiFi — the recent rebrand of onetime decentralized application platform Mainframe, which is focused on decentralized finance — announced today the launch of a fixed-rate DeFi lending platform. “Fixed-rate lending is an important […]

Japan’s SBI Adds XRP to Cryptocurrency Lending Service

February 4, 2021

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Users of SBI’s cryptocurrency exchange can lend XRP for a return of 0.1% per annum. Feb 4, 2021 at 11:18 a.m. UTCUpdated Feb 4, 2021 at 3:55 p.m. UTC Japan’s SBI Adds XRP to Cryptocurrency Lending Service A subsidiary of Japan-based financial services company SBI Holdings said Thursday it will allow customers to lend the […]

Winklevoss’ Gemini crypto exchange launches ‘Earn’ offering

February 2, 2021

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Gemini’s new interest-earning program allows customers to earn interest on 26 crypto assets supported by the platform. 7870 Total views 23 Total shares 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 […]

Traditional Lenders Extended Millions in Loans to the Crypto Space Through Genesis in Q4

January 26, 2021

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The average loan size for a first-time lender on the platform is $3.2 million, Genesis said. Genesis CEO Michael Moro(CoinDesk archives) Jan 26, 2021 at 2:01 p.m. UTCUpdated Jan 26, 2021 at 2:33 p.m. UTC Traditional Lenders Extended Millions in Loans to the Crypto Space Through Genesis in Q4 Several institutions are parking their idle […]

Why Celsius Thinks CEL Won’t Receive the Same SEC Treatment as XRP

January 15, 2021

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In an interview with CoinDesk TV, CEO Alex Mashinsky explained why CEL has drawn recent interest from altcoin investors. (Shutterstock, modified by CoinDesk) Jan 15, 2021 at 6:45 p.m. UTCUpdated Jan 15, 2021 at 7:31 p.m. UTC Why Celsius Thinks CEL Won’t Receive the Same SEC Treatment as XRP The CEO of cryptocurrency lender Celsius […]

Cream Finance leaps into DeFi ‘corporate debt’ with Iron Bank launch

January 14, 2021

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The Cream Finance project, a lending protocol that recently merged into the Yearn ecosystem, announced the upcoming launch of its Iron Bank feature, a name inspired by the once-popular TV show Game Of Thrones. Cream’s Iron Bank is an attempt to create a decentralized finance equivalent of corporate debt. The announcement, released on Thursday, explains […]

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

January 10, 2021

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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. […]

Here Comes the Open Lending Era

December 24, 2020

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Dec 24, 2020 at 8:00 a.m. UTCUpdated Dec 24, 2020 at 4:58 p.m. UTC 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 […]

Fidelity unlocks Bitcoin as collateral for borrowing on BlockFi

December 9, 2020

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Depositors using Fidelity Digital Assets custody will be able to access liquidity via BlockFi. 2171 Total views 17 Total shares Fidelity Digital Assets, the crypto arm of the asset management conglomerate, will allow institutional customers to pledge their Bitcoin (BTC) as collateral for cash loans. As reported Wednesday on Bloomberg, the firm partnered with crypto […]

MakerDAO Loans Can Be Gamed to Hold Out Funds From Liquidation, Startup Finds

November 16, 2020

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Nov 16, 2020 at 2:00 p.m. UTCUpdated Nov 16, 2020 at 2:42 p.m. UTC (The New York Public Library/Unsplash) MakerDAO Loans Can Be Gamed to Hold Out Funds From Liquidation, Startup Finds Borrowers can close debt positions on lending platform MakerDAO under the 150% collateral minimum with this one simple trick. A loophole in MakerDAO’s […]

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Category: Lending