Lending


Finance

DeFi Lender Aave Deploys Version 3 on Ethereum Network

Aave v3 allows users to benefit from the highest borrowing power out of their collateral.

AaveV3 is live. (app.aave.com)

Markets

Maple Finance Plots Comeback With New $100M Liquidity Pool for Tax Receivables With 10% Yield

After defaults and a major overhaul, crypto lending protocol Maple Finance moves away from uncollateralized lending toward bringing yield-generating real-world assets to crypto investors.

(Unsplash)

Tech

Aave Community Voting to Deploy Version 3 on Ethereum

If the proposal passes, the latest iteration of the Aave protocol will come to the Ethereum blockchain, Aave’s first and largest market.

(MidJourney/CoinDesk)

Finance

Fintech Firm Arch Starts Crypto Lending Product, Raises $2.75M

The fintech startup plans to allow other alternative assets as collateral in the future.

Arch CEO Dhruv Patel (left) and Himanshu Sahay (Arch)

Finance

Crypto Broker Genesis' CEO Tells Clients It Needs More Time to Sort Out Finances

Genesis halted withdrawals in November in aftermath of FTX's collapse.

(Genesis Trading, modificado por CoinDesk)

Markets

Crypto Trading Firm Auros, Hit by FTX Collapse, Discloses Provisional Liquidation

The move, granted by a British Virgin Islands court in November, allows officials to seek restructuring advice. Auros missed payments on $17.7 million of loans from lending pools on bad debt-ridden protocol Maple Finance.

(Leon Neal/Getty Images)

Finance

Protocol Developer Archblock Aims to Bring US Community Banks to DeFi Through Partnership

Archblock and Adapt3r's joint effort highlights an accelerating trend in DeFi to cozy up with old-school banking.

The partnership aims to close ties between traditional banking and decentralized finance. (Getty Images)

Markets

Crypto Lending Platform Maple Finance Unveils Major Overhaul, Stops Lending on Solana

The improvements attempt to solve Maple’s design shortcomings highlighted during a recent debt crisis, but they may reduce incentives for holding the protocol’s native MPL token in its new form, an analyst said.

(Unsplash)

Markets

Maple Finance's $54M of Sour Debt Shows Risks of Crypto Lending Without Collateral

Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade. The project's MPL token has plunged, and depositors are likely to stomach big losses. Here's how it happened, and what comes next.

There's some $54 million of sour debt on Maple Finance's lending platform because some of its largest borrowers were devastated in the FTX-blowup. (Michael Diane/Unsplash)

Markets

Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance

Sherlock deposited $5 million USDC of its staking pool into the beleaguered credit pool on Maple, which suffered a $31 million hit from Orthogonal Trading’s FTX-induced insolvency.

Mysterious transactions and reconciliation head-scratchers happen in traditional finance, too, but crypto could be uniquely prone to a situation of this sort. (Wikimedia Commons)