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What is a decentralized money market and how does it work?
6.8.2022
Decentralized money markets function without a custodian, allowing only the original user to withdraw funds deposited by lenders and borrowers
Inverse Finance exploited again for $1.2M in flashloan oracle attack
17.6.2022
No user funds have been affected by the exploit, but Inverse Finance has incurred a debt and offered the attacker a bounty to return the stolen funds
Money Market Platform Burrow Raises $5M to Launch on NEAR
30.3.2022
Burrow is a non-custodial liquidity pool platform similar to Aave and Compound
Delphi Digital Leads $5M Seed Round for Money Market Protocol ZkLend
29.3.2022
Three Arrows Capital and Starkware also invested in the round, which will go toward additional hiring and the launch of ZKLend’s core products
Defi Protocol Anchor to Implement ‘Semi-Dynamic Earn Rate’ Following Governance Vote
25.3.2022
On Thursday, the team behind the lending protocol Anchor announced that a proposal has passed and the decentralized money market will “implement a more sustainable semi-dynamic earn rate.” Following the announcement, the value of the protocol’s native token ANC slipped roughly...
IQ Labs CEO Tom Tirman on Unlocking Utility for NTFs With Collateral-Less Renting Framework
17.3.2022
IQ Protocol is a decentralized money market for digital asset renting and on-chain subscriptions. The next money lego that allows users to rent wrapped expirable versions of digital assets without collateral for their utility, while allowing holders to earn by providing liquidity without risk....
Vee.Finance Secures Money Market by Merging Chainlink Feeds
16.9.2021
Vee.Finance aims to make traditional currency users more familiar with cryptocurrency by consolidating Chainlink Price Feeds as part of the solution services for the oracle network. This integration will ensure that the Avalanche Blockchain will gain accurate, tamper-proof information about...
Port Finance to List on AscendEX
8.8.2021
PRESS RELEASE. AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is excited to announce the Port Finance token (PORT) under the pair USDT/PORT on Aug 9 at 2 p.m. UTC. Port Finance is a money-market, non-custodial liquidity protocol on Solana. They aim...
US SEC Shuts Down $30 Million Defi Money Market in First Decentralized Finance Bust
8.8.2021
The U.S. Securities and Exchange Commission (SEC) has taken its first enforcement action involving decentralized finance (defi). The commission has charged a defi platform and its executives for unregistered securities sales of more than $30 million and misleading investors. SEC’s...
Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve Backing
6.8.2021
The crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept in cash in U.S. money market accounts in order to ensure the 1:1 ratio with...
Boston Fed President Says the ‘Exponential Growth’ of Stablecoins Could ‘Disrupt’ Money Markets
27.6.2021
Boston Federal Reserve president Eric Rosengren discussed stablecoins in a recent presentation on June 25. Rosengren stressed that stablecoins could be a “disruptor” to prime money market funds and the Boston Fed president remarked that the exponential growth of stablecoins...
Pomp sparks debate: Has Bitcoin DeFi project Sovryn really overtaken Uniswap v3 by TVL?
10.6.2021
Analysts are arguing whether the RSK-based Bitcoin money market, Sovryn, has a TVL of $52 million ... or $2 billion
DeFi Money Market closure after SEC probe could set rocky precedent
19.2.2021
What started with the unexpected closure of an investment platform may have ramifications for U.S. DeFi projects say critics
Asset tokenization project DeFi Money Market shuts its doors
6.2.2021
DMG token holders take to Twitter to grieve as their holdings crash 75%
Kava to release cross-chain money market on blockchain
20.9.2020
It will also release a governance token
Money Market Protocol Aave Settles $300 Million in Defi Flash Loans
2.9.2020
This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time...
First Mover: Collapsing Bitcoin Futures Premium Offers Glimpse of New Digital Money Market
20.8.2020
Dollar-linked "stablecoins" are being used in exotic cryptocurrency trades, similar to the way money markets serve as liquidity on Wall Street
Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC
18.6.2020
A number of venture capitalists and macro investors believe bitcoin’s price will break out soon following suit with gold’s recent climactic rise. Dan Tapeiro, cofounder of Gold Bullion International, thinks that $4.6 trillion in cash sitting on the sidelines right now, could very well...
German Banks Increasingly Charging Retail Clients Negative Interest Rates
16.12.2019
A growing number of banks in Germany are charging retail customers negative interest rates, starting with the very first euro deposited into their accounts. At least three German banks are reportedly doing so, with more expected to follow suit in the near future. As the European Central Bank...
Asset Management Giant Puts Government Money Market Fund on Stellar
3.9.2019
Franklin Templeton Investments files with the SEC to set up a government money market fund with a focus on blockchain-based shares