DeFi lending – DIGIT INFO

Maker DeFi lending protocol rebrands to Sky ahead of USDS stablecoin launch

DIGIT — Tue, 27 Aug 2024 12:00:00 +0000

Maker is also rebranding the world’s largest decentralized stablecoin ahead of the launch of its governance token, SKY.

Intimidating Wallet Interfaces Hinder Adoption of Defi Lending Protocols, Says Crypto Veteran

DIGIT — Sat, 06 Jul 2024 11:30:21 +0000

Decentralized finance (defi) has improved efficiency, inclusivity, and performance in consumer lending, but poor user experience remains a significant barrier to adoption, according to Thor Abbasi, co-founder of Zivoe. Abbasi argues that as long as wallet interfaces seem “unintuitive” or intimidating to non-crypto users, defi lending protocols won’t gain traction hence their benefits won’t be […]

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DeFi borrower uses luxury watch-backed NFT as collateral for a loan

DIGIT — Tue, 11 Jul 2023 08:34:43 +0000

While some praised the move, others believe that it’s centralized and is adding NFTs where it’s not necessary.

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Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months

DIGIT — Tue, 17 Jan 2023 18:30:53 +0000

Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit from arbitrage. In the lending sector of defi, a lot has changed during the last 12 months as lending applications like […]

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Anchor Protocol’s Earn Rate Adjusts for the First Time, From 19.4 to 18% APY

DIGIT — Sat, 07 May 2022 18:00:05 +0000

Following the governance vote that aimed to implement a semi-dynamic earn rate for the Anchor Protocol, the decentralized finance (defi) platform’s earn rate adjusted downward for the first time this month. After holding steady with a 19.4% annual percentage yield (APY) since the project started, Anchor Protocol’s earn rate is now roughly 18% APY for […]

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Bitcoin Suisse adopts decentralized Liquity as lending product

DIGIT — Thu, 21 Apr 2022 01:56:04 +0000

The Swiss firm will conduct all interactions with the Liquity smart contract on its clients’ behalf but only a select few with over $500,000 on the platform will have access to the product.

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Defi Protocol Anchor to Implement ‘Semi-Dynamic Earn Rate’ Following Governance Vote

DIGIT — Fri, 25 Mar 2022 15:30:29 +0000

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 2% lower during the last 24 hours. Anchor Protocol Is Changing the Application’s Earn […]

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Anchor Nips at Aave’s Heels as Defi Protocol Becomes Second-Largest Lending Application

DIGIT — Mon, 07 Mar 2022 23:00:34 +0000

While the decentralized finance (defi) platform Anchor Protocol’s native digital asset ANC has gained more than 180% over the last month, the total value locked (TVL) in Anchor has increased a great deal during that time as well. Anchor Protocol is currently the second-largest defi lending platform in terms of TVL, and over the last […]

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Defi Losing Track of Its Core Vision as It Gradually Resembles the Very Idea It Aspired to Change

DIGIT — Mon, 01 Nov 2021 12:30:21 +0000

As defi continues to expand, it risks embracing the very ideology it initially sought to reject as the primary beneficiaries of this new financing paradigm are those who already own digital assets. Replacing Intermediaries Doesn’t Directly Improve Finance When it comes to financial products and solutions, almost everything comes with a catch, be it exceptional […]

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B.Protocol announces v2 platform for DeFi liquidations

DIGIT — Tue, 15 Jun 2021 11:43:00 +0000

B.Protocol says v2 will optimize liquidations of “big debt” with significantly smaller capital requirements on decentralized finance lending platforms.

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