Lending

Nolus, the cross-chain lending protocol that supports leveraged borrowing while reducing risk, has announced an expansion to its available assets. In the coming weeks, Nolus will introduce support for volatile base currencies, starting with BTC and ETH, that will enable users to go long and short on these assets and to earn additional yield from the respective liquidity pools. The upgrades to Nolus arrive off the back of a fresh funding round that’s taken its total capital raised to $3.5M.…

The post GONDI V3 Reimagines NFT Lending, Delivering Unmatched Flexibility and Precision appeared first on Coinpedia Fintech News Introducing GONDI V3, an upgrade to the leading NFT lending protocol that takes the NFT lending space to a new level, empowering borrowers and lenders to fine-tune their strategies like never seen before. GONDI, Ethereum’s premier decentralized NFT lending protocol, is being upgraded to GONDI V3. Backed by Pantera, Dragonfly, and Foundation Capital, among others, and with over $130 million in gross…

The post Ethereum Lending Markets Face 2nd Largest Liquidation in History Amid ETH Plunge! appeared first on Coinpedia Fintech News The Ethereum on-chain lending markets witnessed the 2nd largest wave of liquidations, after the 2021 market correction. The sharp move comes with the Ethereum token price falling 22% month-over-month, with the lowest price point marking a 35% drop. The massive sell-off triggered liquidations worth $436 million throughout Ethereum’s lending platforms. On the contrary, AAVE took a massive hit for $289…

Decentralized lending protocol Echelon closed its $3.5 million seed funding round with the participation of multi-strategy crypto investment firm Cypher Capital. According to an Aug. 28 announcement, in addition to Cypher Capital the seed round saw the participation Amber Group, Laser Digital, Saison Capital, Selini Capital, Interop Ventures and Re7. Cypher Capital’s announcement explained that the investment shows the company’s support to the decentralized finance (DeFi) industry. Harsh Agarwal, Investment Lead at Cypher Capital said: “Echelon has demonstrated that their…

Arizona, United States, August 7th, 2024, Chainwire Size Credit is the first fixed-rate primitive to solve fractured liquidity with its unique yield curve order book model and enable users to structure loan terms around any tenor. According to the team, fixed-rate lending is the world’s largest financial market but until now has struggled to translate over to DeFi. For the first time, DeFi users can define their own rates and durations while having the option to earn an Aave variable…

Cantor Fitzgerald announced plans to open a $2 billion Bitcoin financing initiative at the Bitcoin 2024 conference. The initiative will offer leverage and security for Bitcoin (BTC) holders.  Cantor Fitzgerald CEO Howard Lutnick announced the business, which will launch with $2 billion in initial financing.  Cantor Fitzgerald Makes Major Announcement According to a press release issued by Cantor Fitzgerald, the new business will provide BTC holders leverage. CEO Howard Lutnick stated at the Bitcoin 2024 conference,  “We are going to…

Singapore, Asia, July 29th, 2024, Chainwire Elastos BeL2 will partner with StarkWare to integrate Starknet ZKPs and Cairo programming language with BeL2 for Native Bitcoin DeFi appsStarknet integration enables BeL2 to deliver smart contracts and dapps without moving Bitcoin assets off the mainnet Starknet Grant validates strength of BeL2 innovation and leadership in the Native Bitcoin ecosystem  Elastos BeL2 (Bitcoin Elastos Layer2) has secured a $25,000 grant from Starknet, a technology leader in zero-knowledge proofs (ZKP). This significant endorsement highlights the…

Solana-based lending platform Solend rebrands to Save.finance.  The rebranding will be coupled with the expansion of products on the platform. A new stablecoin, liquid staking service and trading platform have launched.  In new developments in the Solana ecosystem, Solend, a protocol and platform for lending and borrowing crypto assets, has announced its rebranding to Save Finance. The name change will see the platform introduce three new products for users including a stablecoin, a liquid staking token (LST) and an app…

Berlin, Germany, July 24th, 2024, Chainwire FILLiquid, the open-sourced decentralized Filecoin-based lending platform, is thrilled to announce the official launch of its mainnet alongside the successful completion of its TGE (Token Generation Event). With this milestone, FILLiquid unveils its Filecoin liquidity pool, marking a significant advancement in Filecoin storage power growth by allowing $FIL holders to deposit tokens to earn interest and Storage Providers (SPs) to secure loans. Following months of rigorous testing through multiple phases of an incentivized testnet,…