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CATEGORY: lending protocol


Lending protocol Euler integrates Chainlink ahead of the Merge

Author: noreply@blogger.com (Unknown)
United States
Sep 07, 2022 11:10

Lending protocol Euler integrates Chainlink ahead of the Merge

Euler Finance is adding to the list of DeFi protocols getting ready for the world’s largest smart contracts network’s switch from proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS) consensus, by integrating the tested and highly secure Chainlink Price Feeds on the Ethereum mainnet.

This is yet more crypto news ahead of the Ethereum Merge, with the non-custodial lending and borrowing platform that’s the latest to integrate Chainlink.

The ‘lifeblood’ of DeFi

Michael Bentley, the CEO of Euler Labs commented on the integration terming price data as “the lifeblood of DeFi lending protocols.”

He also noted that Chainlink offers “the best-in-class price data infrastructure for smart contracts,” with its record in securing lending protocols proven across the industry.

For Euler, using Chainlink’s oracle network will help it tap into increased reliability and security, as well as address TWAPs (time-weighted average price) concerns after the merge.

The protocol also wants its users to benefit from direct stETH, or staked ETH, deposits on Lido Finance – allowing customers access to fresh yield from borrowings. But even with lending protections available, there’s still a lot of cautionary moves out there.

As we reported, Aave protocol elected to pause ETH borrowing ahead of the merge due to concerns around high market utilisation and potential liquidity issues.

Such concerns are expected following this summer’s crypto carnage and the sad events that surrounded the collapse of Three Arrows Capital. Troubles for the bankrupt Celsius Network and Voyager Digital spotlighted DeFi’s problems.

But as this article explains, centralised crypto companies might have failed the test, but “DeFi still works.”And that explains why many institutions are getting into the space, including an increased interest in staking on the Ethereum network. (Read here to find what Switzerland-based SEBA Bank introduced ahead of the Merge).

The post Lending protocol Euler integrates Chainlink ahead of the Merge appeared first on Invezz.



from Cryptocurrency – Invezz

Jul 17, 2023 10:30

Aave Launches GHO Stablecoin on Ethereum Network

Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3). Aave’s Dollar-Pegged GHO Token Goes Live on Ethereum This week, on July 14, 2023, Aave’s community [...]

The post Aave Launches GHO Stablecoin on Ethereum Network appeared first on Crypto Breaking News.

Apr 17, 2023 01:20

Aave’s proposal to launch on zkEVM passes ‘temperature check’ vote

A proposal to deploy the third version of lending protocol Aave has recently passed a “temperate check” with an overwhelming favorable majority. A "temperature check" proposal to deploy the decentralized exchange (DEX) Aave on the zkSync Era Mainnet has passed with overwhelming support from the Aave community. When voting closed on April 16, more than 99%

The post Aave’s proposal to launch on zkEVM passes ‘temperature check’ vote appeared first on BTC Ethereum Crypto Currency Blog.

Vote to use BlackRock's BUIDL as backing asset for Frax stablecoin goes live

Author: Cointelegraph by Stephen Katte
United States
Dec 28, 2024 12:00

Vote to use BlackRock's BUIDL as backing asset for Frax stablecoin goes live

Voting on the proposal is open from Dec. 27 until Jan. 1, with all votes that have been cast so far in favor of the proposal.

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