Lending


Finance

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.

Brooklyn Nets player Spencer Dinwiddie (Tdorante10/Wikimedia Commons)

Tech

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.

(HFA_Illustrations/Shutterstock)

Tech

Thursday’s Market Madness Strained Ethereum’s Killer App: DeFi

So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended.

Credit: Shutterstock

Tech

MakerDAO Debts Grow as DeFi Leader Moves to Stabilize Protocol

MakerDAO is not pursuing its emergency shutdown option although the amount of uncollateralized dai continues to grow.

(Roibu/Shutterstock)

Tech

DeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop

A large drop in the price of ether is testing the feasibility of Ethereum's entire system of lending and borrowing.

PRECARIOUS: If MakerDAO were to shut down, the crypto market would be flooded with some 2.4 million ETH even as the asset’s value plummets amid broader market turmoil. (Credit: Shutterstock)

Finance

Figure Technologies Securitizes $150M of Home Equity Loans on Blockchain

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.

house money

Finance

Blockchain.com Wallet Users Can Now Borrow Against Their Crypto Holdings

Users can borrow U.S. dollar-denominated stablecoins against bitcoin in their wallets.

Peter Smith, CEO de Blockchain.com (Archivo de CoinDesk)

Markets

BitGo Reveals Bitcoin Lending Push; $150M Booked So Far

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.

BitGo CEO Mike Belshe

Finance

Crypto Lender Babel Hits $380M in Outstanding Loans

Chinese cryptocurrency lending startup Babel Finance said it has reached a record of $380 million in outstanding loans as of February.

Flex Yang, co-founder of Babel Finance

Finance

Compound Extends DeFi Ethos to Itself, Launches Governance Token

DeFi platform Compound is launching the testnet of a new platform today for decentralizing the site's governance.

Credit: Shutterstock