Lending


Markets

Terra-Victim Invictus Capital Defaults on $1M TrueFi Loan

This is the second time in a month that a lender defaulted on an unsecured loan on the decentralized lending protocol.

The dollar may soon rebound, capping gains in bitcoin. (pasja1000/Pixabay)

Finance

DeFi Debt Marketplace Credix to Open a $150M Stablecoin Credit Pool to Digital Lender Clave

Clave will use the pool to originate loans to Latin American businesses and consumers.

Coin98 joins a growing roster of DeFi protocols crafting their own stablecoin. (Unsplash, modified by CoinDesk)

Finance

Struggling Bitcoin Miners Are Flocking to Maple Finance’s $300M Lending Pool

A pipeline of 10 mining firms will make up the first cohort of borrowers, with some 25 on the waitlist.

Sid Powell, CEO of Maple Finance (Maple Finance)

Finance

Binance Pool Starts $500 Million Fund to Support Bitcoin Mining

The entity is the latest to join the growing ranks of alternative lenders looking to provide capital to the distressed mining industry.

(Midjourney/CoinDesk)

Markets

TrueFi's $4M Bad Debt in Limbo Shows Risk of Crypto Lending Without Collateral

Decentralized lending protocol TrueFi’s experience with loan default reveals its recourse for recovering bad debts: old-school solutions that can be time-sapping and costly, such as taking borrowers to court.

(Unsplash, modified by CoinDesk)

Layer 2

Reuniting Borrowers and Lenders on Defi

Morpho is an Ethereum application bringing peer-to-peer to lending to protocols like such as Aave and Compound. Paul Frambot is the co-founder.

(Paul Frambot)

Finance

Crypto Lending Firm Ledn to Acquire Canadian Fund Manager Arxnovum

With the deal, Ledn will be able to offer more types of investments.

Toronto, Ontario, Canada (Jan Web/Unsplash)

Markets

DeFi Platform Ribbon Finance's Unsecured Lending Product Sees Crypto Firms Folkvang and Wintermute Borrow Over $10M

Ribbon's Lend, which went live on Monday, allows institutions to borrow funds without having to lock in collateral.

Ribbon's unsecured lending product, Lend, went live on Monday. (Pixabay)

Finance

Bankrupt Crypto Lender Celsius Network's CEO, Alex Mashinsky, Resigns

Celsius' CEL token is trading 8% lower following the announcement.

Alex Mashinsky, founder and CEO of Celsius Network, at Consensus 2019 in New York (CoinDesk)

Policy

California, New York Join Several States Ordering Crypto Lender Nexo to Halt Yield Product

Seven states have ordered a halt to Nexo’s “Earn Interest Product” accounts, accusing the company of improperly offering unregistered securities.

Kalin Metodiev, co-founder and managing partner of Nexo (Shutterstock/CoinDesk)