Lending

DeFi

New Binance-Backed DeFi Site Lets You Earn Yield on Bitcoin, Other Non-Ethereum Assets

Kava Labs has launched its first application: a yield-generating decentralized finance (DeFi) platform for bitcoin and other non-Ethereum assets.

Business  ·  18 September 2020
DeFi

Aave Becomes Second DeFi Project to Overtake MakerDAO for Most Crypto Deposited

DeFi credit market Aave has pulled ahead of stablecoin mint MakerDAO for the title of most collateral staked on Ethereum, according to DeFiPulse.

Markets  ·  25 August 2020
Lending

Bequant, Now in Crowded Prime Brokerage Race, Adds Signature Bank Integration

In a newly crowded market, Bequant is still adding features to the suite of services it's been building for the past two years.

Business  ·  18 August 2020
Bitcoin

Coinbase to Offer Bitcoin-Backed Loans to US Customers

Coinbase will allow U.S. retail customers to borrow fiat loans against as much as 30% of their bitcoin holdings starting in the fall.

Business  ·  12 August 2020
Lending

Genesis’ Crypto Lending Rebounds in 2Q; Firm Acknowledges Unsecured Loans

Genesis’ crypto lending arm came back strong in 2Q after a rocky 1Q. Separately, executives acknowledged the firm makes some uncollateralized loans.

Business  ·  4 August 2020
Bitcoin

Silvergate’s Bitcoin-Backed Lending Product Grew 80% in the Last Quarter

Silvergate Bank continued to add a steady drip of crypto customers in Q2 2020 but its issuance of bitcoin-collateralized loans is what stood out.

Business  ·  27 July 2020
DeFi

Compound Tops $1B in Crypto Loans as DeFi Farmers Keep Digging for Yield

Yield farming continues to push Compound to new heights. On Monday, the lending protocol topped $1 billion in loans issued.

Tech  ·  13 July 2020
DeFi

Some Numbers That Show Why Yield Farming COMP Is So Seductive

COMP has created a sudden craze for "yield farming." Here are three scenarios illustrating the risks and rewards of DeFi's latest trend.

Tech  ·  25 June 2020
DeFi

Following COMP’s Surge, DeFi Platform Balancer Begins Distribution of BAL Tokens

Balancer Labs, the maker of an automated portfolio management tool, has confirmed to CoinDesk it has begun distribution of its BAL token.

Tech  ·  23 June 2020
Lending

Genesis Trading Buys Crypto Custodian Vo1t in Bid to Become Prime Broker

Digital currency trader and lender Genesis Global Trading is moving toward full-service prime brokerage with the acquisition of crypto custodian Vo1t.

Business  ·  21 May 2020
Lending

BlockFi Hires Credit Suisse, Prudential Execs to Drive Global Expansion

Crypto lender BlockFi has hired two execs from traditional finance to help launch a bitcoin rewards card and build out business teams in Europe and Asia.

People  ·  5 May 2020
Bitcoin

Genesis CEO Details ‘Black Thursday’ Chaos in Q1 Lending Report

Crypto lender Genesis Capital increased its loan book to $649 million during a tumultuous Q1 marked by wild fluctuations in the price of bitcoin.

Business  ·  30 April 2020
Lending

Crypto Lender Celsius Taps Chainlink’s Price Oracles for Interest Rate ‘Decentralization’

Celsius Network has teamed up with oracle provider Chainlink to make the price feeds it uses to calculate asset interest rates less centralized.

Business  ·  30 March 2020
Lending

Crypto Lender Cred Is Offering Investors 10% Interest With Spencer Dinwiddie Partnership

Crypto investors can "pledge" five different cryptos, including two stablecoins, to Cred and earn up to 10 percent interest in a new partnership with NBA star Spencer Dinwiddie.

Business  ·  20 March 2020
MakerDAO

MakerDAO Adds USDC as DeFi Collateral Following ‘Black Thursday’ Chaos

MakerDAO has added a third asset to its decentralized finance (DeFi) platform, USD Coin (USDC), in response to the system’s flagship stablecoin, dai, continuing to float above its dollar peg.

Tech  ·  17 March 2020