Lending

Lending

Finance

Lygos Aims to Banish Ghosts of Crypto Lending Collapse With Non-Custodial Bitcoin Model

Built on Discrete Log Contracts from Atomic Finance, Lygos says its new BTC credit platform avoids the custodial risks that sank Celsius, BlockFi and Voyager.

Lygos co-founders (Lygos)

Markets

AAVE Surges to 3-Week High, Dominating Soaring $56B DeFi Lending Market

The token has established a robust support zone at $277-$280, while rising demand for DeFi borrowing and Aave's dominant role in the sector point to future gains.

AAVE price on July 8 (CoinDesk)

Finance

Crypto Market Maker Wintermute Snags Bitcoin Credit Line From Cantor Fitzgerald

The loan facility enhances Wintermute’s ability to hedge risks effectively across exchanges and maintain broad market coverage, said the firm’s CEO Evgeny Gaevoy.

Evgeny Gaevoy, CEO, Wintermute (CoinDesk)

Finance

Crypto Lending Platform Morpho V2 Brings DeFi Closer to Traditional Finance

Morpho V2 delivers market-driven fixed-rate, fixed-term loans with customizable terms to meet the demands of institutions and enterprises.

Paul Frambot, CEO Morpho Labs (Morpho)

Finance

Wall Street Giant Cantor Debuts Bitcoin Lending Business With First Tranches to FalconX, Maple

The financing will help Maple Finance, a major crypto lending platform itself, to speed up its growth, CEO Sidney Powell said.

Brandon Lutnick (CoinDesk)

Markets

Tether, Galaxy, Ledn Dominate CeFi Crypto Lending as DeFi Borrowing Soars, Research Shows

Total crypto lending is still down 43% from its 2021 peak, but decentralized platforms have seen a significant growth, Galaxy reported.

(Christian Dubovan/Unsplash, modified by CoinDesk)

Markets

Lending Protocol Aave Processes $200M in Liquidation Without Adding to Bad-Debt Burden

Aave aced the market's stress test, processing millions in liquidations without taking on new bad debt.

Aave processed millions in liquidations Monday. (geralt/Pixabay)

Markets

MARA Holdings Lends Out 7,377 BTC to Generate Single Digit Yield

The bitcoin miner holds 44,893 BTC on its balance sheet, it said in a production report.

MARA Holdings to Generate Single Digit Yield on 7,377 BTC (Bradley Keoun/CoinDesk)

Tech

Aave Gauges Community Interest for Expansion to Bitcoin Layer 2 Spiderchain

The potential deployment on a Bitcoin layer 2 by the largest DeFi lending protocol highlights the appetite for harnessing the original blockchain for purposes that are commonplace elsewhere in the crypto ecosystem.

Spiderchain, a Bitcoin layer 2 blockchain. (Shutterstock)

Markets

Institutional Investors Position for Bitcoin Volatility Into the U.S. Election

Some $350 million notional value of November call options traded on CME with a breakeven bitcoin price of nearly $80,000, anticipating a rally next month, one analyst noted.

Matador. (Credit: Paul Kenny McGrath/Unsplash)