Lending

Lending

Consensus Magazine

Tokenization News Roundup: Resource Extraction, Social Media Monetization and Real World Connections

A weekly digest of articles, reports and analyses about tokenized RWAs, the fast-growing financial instruments that merge traditional finance to the blockchain.

(Camilo Jimenez/Unsplash)

Tech

Curve Crisis Shows Pitfalls of Decentralized Risk Management

Top DeFi lenders allowed a crypto CEO to take a risky bet, raising key questions about how they manage risk.

Photo of Stani Kulechov in 2019 (CoinDesk archive)

Tech

As Curve Averts DeFi Death Spiral, Fiasco Exposes Serious Risks

Curve, a leading decentralized exchange on Ethereum, was hacked for more than $70 million in July. Questions continue to linger around the platform's long-term viability and potential contagion risk.

It was almost a dead man's Curve. (Unsplash)

Finance

DeFi Platform Term Finance Brings Fixed Rate Lending to Ethereum

Short term, fixed rate loans can now work in harmony with Aave and Compound's "ultimate liquidity" model.

Dion Chu, founder and CEO (Term Labs)

Markets

Crypto Lender Credix Brings Additional Private Credit Pool on Solana With 11% Yield

Decentralized finance platform Credix opens a trade receivables lending pool with the Solana Foundation among the investors.

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

Markets

MakerDAO Votes to Halt Lending to Tokenized Credit Pool After $2M Loan Default

The embattled Harbor Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt.

Rune Christensen, fundador de MakerDAO. (CoinDesk TV)

Tech

DeFi Lender MarginFi Fuels Growth With Loyalty Points, Spurring Talk of ‘Solana Renaissance’

MarginFi’s new points program has many users convinced it's the setup for a token airdrop.

marginFi banner (Danny Nelson/CoinDesk)

Policy

A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi

Last year’s prominent U.S. crypto legislation from a bipartisan pair of senators is back for a reboot that imagines a less prominent role for the SEC than Chair Gary Gensler has in mind.

U.S. Senator Cynthia Lummis (R-Wyo.) is one of the lawmakers asking for more information after the SEC's X account was compromised on Tuesday. (Shutterstock/CoinDesk)

Finance

Maple Finance Expands to Direct Lending Targeting Web3 Firms

The firm aspires to fill the gap in crypto lending left by the implosion of centralized lenders such as BlockFi and Genesis.

Sid Powell, CEO of Maple Finance (Maple Finance)

Finance

Bitcoin Miner Hut 8 Secures Up to $50M in Loans From Coinbase

The first $15 million will be drawn shortly after closing the deal, while another $15 million is conditional on closing a merger.

A Hut 8 mining site (Hut 8)