Bancor introduced a complex but useful lending and token burn mechanic through its vBNT token. Automated market maker exchange Bancor has rolled out a new mechanism that allows users to increase their capital efficiency while providing liquidity in its pools. Called Vortex, the solution allows users providing liquidity in BNT, Bancor’s utility token, to borrow…
Read more
Shortly after the launch of Stargate, Cosmos ecosystem chains are entering the DeFi arena. Kava, a DeFi-centric blockchain project built on the Cosmos SDK, has announced the concurrent release of Kava 5.1 and Hard Protocol V2, which marks the full launch of two-sided lending markets on the Kava blockchain. The Kava 5.1 upgrade is a…
Read more
The two main factors driving mass adoption are converging, says Crypto.com CEO Kris Marszalek. Watch Cointelegraph’s latest interview with Crypto.com CEO Kris Marszalek to understand the catalysts that will push crypto to 200 million users. For more crypto and blockchain content, check out and subscribe to Cointelegraph’s YouTube Channel! When adoption? It took over a…
Read more
Roughly 500 people were in for a random surprise on Mar. 8, receiving a profanity-laced correspondence from BlockFi after their email addresses were used to sign up for fake accounts. This week’s temporary closure of registrations for crypto lending and borrowing app BlockFi was due to an attack by a “malicious actor” according to Forbes.…
Read more
Celsius is expected to grow its assets under management by 25% annually through 2025, according to Alpha Sigma Capital. Using 2020 financials obtained from Celsius, Alpha Sigma Capital has determined that the crypto company has an implied value of $3.13 billion, which is approximately three times greater than its current market capitalization of $1.1 billion.…
Read more
In what may become an industry standard, unused liquidity from Balancer will be deposited into Aave, significantly increasing depositor yield In the latest feat of decentralized finance (DeFi) money lego magic, lending platform Aave and automated market maker (AMM) Balancer have teamed up on a hybrid liquidity-and-lending feature that may significantly fatten depositor yields. In…
Read more
The crypto rewards platform has seen tremendous growth over the past three months. Celsius, a centralized cryptocurrency lending platform, claims to have paid out over $250 million in rewards to its 415,000 users, underscoring the rapid growth of blockchain lending protocols. Celsius announced the milestone in a Monday press release that highlighted the company’s significant…
Read more
Gemini’s new interest-earning program allows customers to earn interest on 26 crypto assets supported by the platform. Gemini cryptocurrency exchange has launched an interest-earning program for customers in the United States. Dubbed Gemini Earn, the program lets customers earn up to 7.4% annual interest on all cryptocurrencies supported by Gemini, the firm announced Tuesday. The…
Read more
Liquidity pool token-backed collateral could bolster DeFi’s TVL, but can it be used securely? Multiple decentralized finance (DeFi) projects are moving forward with plans to allow liquidity provider tokens as collateral for stablecoin and lending services — though experts caution that the security considerations associated with using LP tokens in this manner can be complex. …
Read more
The Iron Bank feature will allow protocols to borrow funds without posting collateral. The Cream Finance project, a lending protocol that recently merged into the Yearn ecosystem, announced the upcoming launch of its Iron Bank feature, a name inspired by the once-popular TV show Game Of Thrones. Cream’s Iron Bank is an attempt to create…
Read more
