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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)
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)
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)
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
Maple Finance launches Syrup, a DeFi protocol offering secured institutional lending, amid lingering skepticism from the FTX-Alameda fallout.
The Hong Kong Monetary Authority reported a 1.1% increase in total deposits for May 2024, with notable rises in both Hong Kong dollar and foreign currency deposits. (Read More)
Binance has expanded its loan offerings by adding new loanable assets to its Flexible Rate and VIP Loan services, enhancing options for users. (Read More)
The Hong Kong Monetary Authority (HKMA) announces technical adjustments to countercyclical macroprudential measures for property mortgage loans. (Read More)
Strike, a Bitcoin payments platform, has rolled out a crypto lending service on its platform. This service enables both individuals and corporate users to borrow funds with Bitcoin as a collateral asset. Strike seeks to enable Bitcoin holders to obtain liquidity without the need to sell their digital assets. Strike Lending is only available for […]
Bitcoin-Backed Loans on the Rise, Says Xapo Bank CEO The CEO of Xapo Bank, a leading financial institution in the cryptocurrency space, has recently noted a significant increase in the demand for Bitcoin-backed loans. This trend suggests a growing interest in utilizing cryptocurrencies as collateral for borrowing funds. Bitcoin-backed loans provide an innovative solution for [...]
World Assets Ltd. extends loan agreements with trading firms, maintaining 10M WLD in circulation until June 2025. (Read More)
The decentralized finance (DeFi) industry is witnessing a significant shift as student loans become a prevalent use case. The rise of on-chain education is bringing a new wave of innovative solutions to the traditional student loan market. DeFi protocols are now offering alternatives to traditional banks, allowing students to access loans without complex bureaucratic processes. [...]
Binance has announced the addition of new loanable assets to its Binance Loans (Flexible Rate) and VIP Loan services. (Read More)
Binance Loans (Flexible Rate) and Binance VIP Loan have introduced new loanable assets, providing users with more options for collateralizing cryptocurrencies and earning rewards. The latest additions include Aevo, BakeryToken, Beam, Ethena, and many more. The announcement also highlights the features and benefits of Binance Loans (Flexible Rate) and encourages users to explore this open-term loan product. (Read More)
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