Established DeFi Firm Delta Financial Launches New Project
The relatively illiquid side options of trading have slowed the passage of information between option markets and underlying assets. Delta Financial launches new projects to revolutionize the DeFi space. This post seeks to explore this new project and its potential impact on the decentralized finance industry. In September of 2020, Delta Financial launched Core Vault, […]
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Core, an anonymous and hyped DeFi project, has announced Delta, a new product and token. Core says this will “close the gap” between options trading and spot markets by “using a combination of liquidity standards to deploy an on-chain options layer with scalability in mind.” Anonymous Developers Behind Delta Project Will Work Towards Promoting Healthier Market Core was initially launched in September 2020 after successfully raising $60 million in locked liquidity. It’s currently preparing to launch a new product and Delta token, Coredex, which will bring a....
A lot is at stake for one anonymous DeFi project that has recently raised $60 million in locked liquidity. Core’s focus with the new project, Delta Financial, is on minimizing risk inside the highly volatile world of tokenized assets. The underlying goal is to create a healthier marketplace by locking down assets during times of mass volatility. DeFi has recently made its way into the world of options trading. This follows a significant push into […]
You can trade bitcoin to make money, but earning income by simply saving the digital currency in a risk-free account hasn't been an option so far, since interest-bearing cryptocurrency savings accounts are rarer than hens' teeth. Now, though, Delta - a new web service from Hong Kong- and Vancouver-based firm Delta Financial - looks set to change that. There have been some attempts at providing no-risk growth for cryptocurrencies in the past. Some cryptocurrencies are based on 'proof of stake', for example, which causes coins to produce more coins, and therefore reward users for holding the....
Delta Financial has revealed that it will "cease current services" on 30th January, including its notable interest-bearing bitcoin account and trading products. Customer funds held in such accounts will stop generating interest, effective immediately, the Hong Kong and Vancouver-based company said in a post on its website. Users will also no longer be able to sell bitcoin through the platform. Perhaps most notably for the broader bitcoin community, Delta Financial cited the current lackluster performance of the market as the reason for the service changes. Delta wrote: "Simply put, the....
Decentralized Finance (DeFi) platform Delta Primes suffered a security breach on Monday, affecting the protocol’s users. The attack took $6 million from the project’s pools and is under investigation. However, on-chain investigators suspect it could be linked to North Korean hackers and be part of a larger-scale scheme. Related Reading: Glassnode Founders Say Bitcoin Crash To $37,000 Wouldn’t Be A Bad Thing, Here’s Why Hackers Drain $6 Million From DeFi Protocol On Monday morning, cyber security platform Cyvers Alerts informed the community about the ongoing attack on DeFi borrowing....