Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Nolus
Multi-Chain Lending Protocol Nolus Will Add BTC and ETH Support in Major Upgrade
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.…
9 months ago
Cosmos-Based Defi Protocol Nolus Raises 2.5M to Build the First Cross-Chain Defi Lease
The Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets. Nolus, an interoperable application on Cosmos, has secured $2.5 million in pre-seed and seed funding to tackle inefficiencies in DeFi money markets. The recently concluded $20 million valuation seed funding is backed by Dorahacks, Everstake, Cogitent Ventures, Token Metrics Ventures, and Autonomy Capital, among others, and will allow Nolus to fully complete the technological…
2 years ago