Lending

Lending

Markets

Liquidity Crunch Spreads to Crypto Lending as Institutional Borrowers Max Out Credit Pools

Multiple crypto investment firms received a “warning” label on lending protocol Clearpool for draining almost the maximum amount of credit from their credit pools.

Several crypto investment firms drained almost all of their available credit from their credit pools on Clearpool. (Clearpool)

Markets

Lending Protocol TrueFi Issues Notice of Default to Invictus Capital for Failing to Repay Loan

Archblock, the underwriter of the loan, joins the court-advised liquidation process of crypto hedge fund Invictus' parent company in an attempt to recover losses for investors.

Bitcoin Corporate Treasury Adoption (Shutterstock)

Finance

DeFi Protocol Solend Struck by $1.26M Oracle Exploit

The Stable, Coin98 and Kamino lending pools have all been disabled.

(Kevin Ku/Unsplash)

Markets

Terra-Victim Invictus Capital Defaults on $1M TrueFi Loan

This is the second time in a month that a lender defaulted on an unsecured loan on the decentralized lending protocol.

The dollar may soon rebound, capping gains in bitcoin. (pasja1000/Pixabay)

Finance

DeFi Debt Marketplace Credix to Open a $150M Stablecoin Credit Pool to Digital Lender Clave

Clave will use the pool to originate loans to Latin American businesses and consumers.

Coin98 joins a growing roster of DeFi protocols crafting their own stablecoin. (Unsplash, modified by CoinDesk)

Finance

Struggling Bitcoin Miners Are Flocking to Maple Finance’s $300M Lending Pool

A pipeline of 10 mining firms will make up the first cohort of borrowers, with some 25 on the waitlist.

Sid Powell, CEO of Maple Finance (Maple Finance)

Finance

Binance Pool lanza un fondo de US$500 millones para apoyar la minería de bitcoin

La empresa es la última en unirse al creciente grupo de prestamistas alternativos que buscan inyectar capital en la golpeada industria de la minería.

(Midjourney/CoinDesk)

Finance

Binance Pool Starts $500 Million Fund to Support Bitcoin Mining

The entity is the latest to join the growing ranks of alternative lenders looking to provide capital to the distressed mining industry.

(Midjourney/CoinDesk)

Markets

TrueFi's $4M Bad Debt in Limbo Shows Risk of Crypto Lending Without Collateral

Decentralized lending protocol TrueFi’s experience with loan default reveals its recourse for recovering bad debts: old-school solutions that can be time-sapping and costly, such as taking borrowers to court.

(Unsplash, modified by CoinDesk)

Layer 2

Reuniting Borrowers and Lenders on Defi

Morpho is an Ethereum application bringing peer-to-peer to lending to protocols like such as Aave and Compound. Paul Frambot is the co-founder.

(Paul Frambot)