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Binance adds new loanable assets to its Flexible Rate and VIP Loan services, enhancing user options for borrowing and collateralizing assets. (Read More)
Binance launches a new promotion for its Fixed Rate Loans, offering users the chance to win up to 799 USDC. The campaign runs from September 19 to October 11, 2024. (Read More)
Binance has added new loanable assets to its Flexible Rate and VIP Loan services, enhancing user flexibility and borrowing options. (Read More)
The Supreme Court of British Columbia has ordered $1.2 million in damages to be paid in a Bitcoin-related loan dispute, reflecting the growing legal acceptance of cryptocurrencies.
The collaboration aims to provide a secure, stable investment option, mitigating traditional market volatility and risks for lenders.
Crypto whales are positioning themselves for the next altcoin season, while DeFi loans are seeing a resurgence back to 2022 highs.
Sprawling bureaucracies, inefficient processes, and fax machine-era technology have hampered economic development and capital velocity.
Binance will discontinue its 7-Day and 30-Day Stable Rate Loan services from September 2, 2024, while VIP Loan services remain unaffected. (Read More)
Its part of the fallout from the industry-wide liquidity crunch triggered by FTX in 2022.
Ledn will use the loan to fund the growth of its retail lending operations.
Ledns groundbreaking $50 million Bitcoin-backed loan, syndicated by Sygnum, is set to transform retail lending and institutional crypto finance.
Three years after the Pancake Bunny flash loan attack, the hacker moved $3 million in ETH through Tornado Cash.
The Hong Kong Monetary Authority's survey reveals a decrease in residential mortgage loans (RMLs) in negative equity by end of June 2024. (Read More)
Binance has added 0x (ZRX), Chromia (CHR), Raydium (RAY), Renzo (REZ), and Tellor Tributes (TRB) as loanable assets on Binance Loans (Flexible Rate). (Read More)
The attacker exploited unvalidated call data, resulting in 608 ETH being stolen.
Binance announces the addition of new loanable assets on its Binance Loans (Flexible Rate) and VIP Loan services. (Read More)
According to a report by data analytics company IntoTheBlock, the volume of high-risk loans on the prominent Aave Protocol is reaching high levels as general loan volume in the DeFi space records multi-year highs. This development is believed to stem from investors exploring various investment strategies in a bid to maximize profits in a highly anticipated crypto bull run. Related Reading: Aave Joins Binances BNB Chain Ecosystem Heres How Users Benefit Aaves High-Risk Loans 5% Short Of Liquidation Threshold In its weekly newsletter on June 8, IntoTheBlock highlights that DeFi loans are currently estimated at $11 billion representing the peak value seen in the last two years. As the largest lending protocol, Aave accounts for over 50% of these figures with its users having borrowed about $6 billion. Notably, $1 billion of this debt is categorized as high-risk loans which are placed against volatile collateral. Currently, these loans present substantial risk, with the values of their collateral asset within 5% of their set liquidation threshold. For context, the margin call level or liquidation threshold is a predetermined point at which an asset’s value falls to a level where the lender or broker requires the borrower to add more collateral to maintain the loan or position. Failure to meet this requirement may result in the automatic liquidation of such collateral. When collateral assets hover around this critical threshold as with the high-risk loans on Aave, any minor dip may lead to widespread liquidations. This normally results in the loss of such assets for the borrower. However, in certain conditions where a rapid price decline occurs, the borrower may incur additional losses which may be transferred to their account balance on the lending platform. Furthermore, liquidations from these high-risk loans may exacerbate market volatility, which may result in more price loss, leading to more liquidations in a downward spiral. In addition, many assets getting liquidated at once can create liquidity crunches which can prevent the Aave protocol from operating smoothly. Related Reading: Curve Founder Michael Egorov Clears Aave Loan, Reduces Total Debt To $42.7 Million AAVE Price Overview Meanwhile, AAVE has declined by 5.30% in the last day after facing serious resistance at the $98.20 price zone. The DeFi token is currently valued at $92.30 after an overall negative performance in the past week resulting in an 11.53% price loss. However, according to price prediction site Coincodex, the general sentiment around AAVE remains positive. The team at Coincodex backs AAVE to make a remarkable comeback hitting a price point of $303.87 in the next one month. Featured image from LinkedIn, chart from Tradingview
OKX upgrades VIP Loan for VIP 5 tier and above, enhancing user experience. (Read More)
The violin once belonged to Russian Empress Catherine II, also known as Catherine the Great.
Maple Finance launches Syrup, a DeFi protocol offering secured institutional lending, amid lingering skepticism from the FTX-Alameda fallout.
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