So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended.
MakerDAO is not pursuing its emergency shutdown option although the amount of uncollateralized dai continues to grow.
A large drop in the price of ether is testing the feasibility of Ethereum's entire system of lending and borrowing.
The deal may serve as a showcase for DLT’s benefits to Wall Street at a time when such use cases no longer generate the same buzz as five years ago.
Users can borrow U.S. dollar-denominated stablecoins against bitcoin in their wallets.
With big banks still mostly eschewing the 11-year-old digital-asset industry, a new breed of lenders is stepping into the void to meet the demand. Enter BitGo.
Chinese cryptocurrency lending startup Babel Finance said it has reached a record of $380 million in outstanding loans as of February.
DeFi platform Compound is launching the testnet of a new platform today for decentralizing the site's governance.
The growth in crypto lending platforms is giving birth to a new type of valuation metric: interest rates.
The attacker manipulated price feeds in order to create and profit from an under collateralized loan.
Demand for DeFi lending services built on ethereum shows a pattern of inverse relationship to the price of ETH. When ether prices are falling, the amount of ETH locked in DeFi tends to rise. Most recent data indicate the relationship operates the other way, too.
Having Hong Kong-based HashKey as an investor will help BlockFi expand into Singapore later this year, said CEO Zac Prince.
In December, we invited two fund managers, both long bitcoin and other crypto assets, for a CoinDesk Research webinar on lending and staking. Jordan Clifford of Scalar Capital and Kyle Samani of Multicoin Capital joined us to discuss how they evaluate risk and returns in crypto lending and staking, what crypto assets' risk-free rate might look like, and what DeFi needs to do to attract investors and new users.
BlockFi recently announced it would make changes to the interest they pay for bitcoin and ether deposits.
China-based RenrenBit has disclosed it took $600,000 in net income from revenue of $2.3 million in 2019.