Category: Lending

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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Cred customers demand answers after platform files for bankruptcy

November 8, 2020

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“We just want to know that our funds are safe,” said one Cred user 15293 Total views 42 Total shares 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 […]

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Desperation Among Filecoin Miners Creating a Big Market for FIL Borrowing

October 30, 2020

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Oct 30, 2020 at 19:46 UTCUpdated Oct 30, 2020 at 20:15 UTC Filecoin creator Juan Benet(CoinDesk archives) Filecoin miners are paying large investors an annual percentage rate as high as 40% to borrow FIL, the closely-held native token required to participate in the decentralized storage network. This dynamic has created a lending market and is […]

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ETH Gobbles Up Larger Share of Genesis Loan Book as Trading Firms Feast on DeFi Summer

October 30, 2020

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Oct 30, 2020 at 13:00 UTCUpdated Oct 30, 2020 at 13:01 UTC Genesis Trading CEO Michael Moro speaks at Invest: Asia 2019. (CoinDesk archives) Decentralized finance (DeFi) reshaped Genesis Capital’s portfolios over the summer. The firm, owned by CoinDesk parent company Digital Currency Group, saw the share of bitcoin in its loan portfolio drop as […]

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Cred officially confirms suspension of fund inflows and outflows

October 29, 2020

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A supposed Uphold user said that the first issues on CredEarn started on Oct. 15. 3764 Total views 28 Total shares Cred, a United States-based cryptocurrency lending service, has officially announced the temporary suspension of operations due to an ongoing investigation. On Oct. 29, Cred executives tweeted that the company is now cooperating with law […]

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Notional Launches Out of Stealth to Bring Fixed-Rate Lending to DeFi

October 26, 2020

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Oct 26, 2020 at 16:00 UTC Jeff Wu (left) and Teddy Woodward (right), co-founders of Notional (Notional) Notional Launches Out of Stealth to Bring Fixed-Rate Lending to DeFi Lending and borrowing rates on all the top decentralized finance (DeFi) platforms are dizzyingly variable. Enter Notional, a new protocol that lets users lend and borrow crypto […]

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Bitcoin Hodlers Get a Lending Option With No KYC

October 22, 2020

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Oct 22, 2020 at 13:00 UTC Roman Snitko, CTO of Hodl Hodl( Anna Baydakova for CoinDesk) Bitcoin Hodlers Get a Lending Option With No KYC Hodl Hodl, a non-custodial bitcoin exchange, is launching a lending product. The exchange claims it will be “the first true bitcoin DeFi” (decentralized finance) product. Starting this month, bitcoiners can […]

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