Tag Archives: Lending

[PRESS RELEASE – Toronto, Canada, January 24th, 2024] Oversubscribed Round With Top Blockchain VCs Included Robot Ventures, Big Brain Capital & Veris Ventures Synonym Finance, a cross-chain lending platform, today announced its oversubscribed seed round funding round totalling $1.5 million. The raise was led by Borderless Capital, a leading Web3-native …

[PRESS RELEASE – Grand Cayman, Cayman Islands, December 20th, 2023] Solend’s expansion is set to compound Sui’s remarkable DeFi momentum, which has seen TVL grow by over 500% since September. Solend, the top lending and borrowing protocol on Solana, today announced its impending launch on the Sui blockchain, which was …

[PRESS RELEASE – Singapore, Singapore, November 30th, 2023] OKX’s Web3 Wallet is now integrated with Clearpool. This collaboration empowers thousands of OKX Web3 users to lend directly to institutions via Clearpool’s leading credit protocol. Through this partnership, OKX Web3 Wallet users gain access to market-leading, risk-adjusted lending opportunities, starting with …

[PRESS RELEASE – New York, USA, November 17th, 2023] New features include ‘Buy Now Pay Later’, ‘Sell and Repay’, ‘Refinance Lockups’, ‘Flexible Principal’,’Gondi Vaults’, ‘Loan Extensions’, and ‘Flash Actions’ NFT lending protocol Gondi launched V2 of its protocol on November 16th, 2023, providing lenders and borrowers with expanded credit options …

In a somewhat surprising turnaround, Tether Holdings has resumed its stablecoin lending activities from its earlier intention to scale down such operations. The company has reinitiated the lending of its own stablecoin – USDT – to clients after a temporary hiatus lasting less than a year. This decision was prompted …

Coinbase, the leading digital currency exchange, has rolled out lending services to its prime institutional investors. The organization suggests that the lending feature promotes the crypto market’s development after some shortcomings. Various virtual currency platforms, such as Celsius and Voyager, filed for bankruptcy due to their shortcomings. A filing by …

Crypto giant Coinbase seems to be strategically steering its ship amid constant crypto industry turbulence in 2023. The company recently unveiled its lending platform for institutional investors, aiming to fill the void left behind by major players during 2022’s crypto winter, when firms such as Celsius Network, BlockFi and Genesis …

In a recent development, THORChain (RUNE), the liquidity network, has unveiled its lending feature, enabling users to leverage their native Layer-1 (L1) assets, such as Bitcoin (BTC) and Ethereum (ETH), to secure loans denominated in TOR, a USD equivalent stablecoin.  According to the announcement, this move opens up new avenues …

On the 25th of July, EraLend was hit by a reentrancy attack that allowed an unknown bad actor to make off with about $3.4 million worth of crypto. A reentrancy attack, a type of cyberattack affecting smart contracts, is one of the most common exploits against DeFi protocols. In it, …

What is peer-to-peer (P2P) lending? Peer-to-peer (P2P) lending, also referred to as marketplace lending, is a type of lending that uses online platforms to link lenders and borrowers directly, eliminating the use of conventional financial intermediaries, such as banks. In P2P lending, individuals or businesses seeking loans can request funding …

A lawyer leading the United Kingdom’s Law Commission’s review on the application of British laws towards digital assets has stressed the need for further clarity around cryptocurrency lending. Laura Burgoyne unpacked the details of the organization’s four major recommendations to the U.K. government in an interview with Cointelegraph. This comes …

[PRESS RELEASE – Podgorica, Montenegro, June 9th, 2023] At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using …