Binance Labs–Backed ‘DeFi Credit Union’ Bringing Higher Yields to Savers in N...
With backing from Binance Labs, Nigeria's Xend Finance is looking to bring DeFi to the world of local credit unions.
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Traditional finance is built not on collateral but on reputation, and DeFi will grow by following suit. Over the last 12 months, the remarkable growth in decentralized finance has been driven by one thing: the ability of users to earn strong yields on their crypto assets by lending, staking and providing liquidity. Depending on your risk appetite, gains from DeFi investments can run tens or even hundreds of times higher than standard returns in the traditional markets.Even if those kinds of yields don’t last forever, DeFi offers significant promise to transform the financial markets in the....
Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins.
Binance US is now offering crypto staking services and the firm details that seven digital currencies are currently available with annual percentage yields (APYs) up to 18%. Customers can earn yields on proof-of-stake (PoS) cryptocurrencies that include binance coin, solana, avalanche, livepeer, graph, cosmos, and audius. Binance US Adds Staking Services On Twitter, Binance US explained the company is now joining the ranks of the variety of crypto exchanges that offer staking services. “Binance US has officially launched staking, empowering customers to do more with their....
The feature was made possible by a partnership between the credit union’s platform provider and NYDIG.
Dogecoin users can now swap their favorite memecoin for native BTC, ETH, BNB and stablecoins using THORSwap. Cross-chain liquidity network THORChain has enabled support for Dogecoin (DOGE) — bringing a new suite of decentralized finance (DeFi) capabilities to the popular memecoin.Beginning this week, users have the ability to swap DOGE or earn yields on their DOGE holdings using THORSwap, a non-custodial decentralized exchange. In practice, this means users can swap DOGE for native assets such as Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), Litecoin (LTC) and stablecoins such as Tether....