Crypto Lending Platforms Under Immense Stress As Court Orders 3AC Liquidation
Multiple events in the last two months have seen various crypto lending platforms come under fire from both a liquidity and investor confidence angle. The first which had been the LUNA collapse had been the trigger for the rest such as the Celsius insolvency and the subsequent liquidation of Three Arrows Capital (3AC), the largest […]
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The crypto winter brought more devastating impacts on some crypto lending platforms. There was a lot of battling by most lending firms to evade liquidation. Their turbulent waves created distrust, loss of hope, and funds for many investors. In the history of the crypto lending space, instability and quaking are connected to the collapse of […]
PRESS RELEASE. Based on the Anti-liquidation protocol, Shaktiio develops a liquidation protection programme for CeFi lending platforms. The anti-liquidation protocol aids the stability of the bitcoin market by preventing it from being overextended. The expansion of the loan market and the extensive usage of trading instruments, including the use of leverage, has resulted in the imposition of massive amounts of collateral on banks and other financial institutions. In the event of a dramatic market decline, mass liquidations will rise and harm the market unless a method is developed and....
According to a report from Sky News on Wednesday, a judge has apparently ordered the liquidation of Three Arrows Capital. If true, this decision will exacerbate the turmoil that has plagued the crypto hedge fund and the crypto space as a whole over the past few weeks. Based on the report, partners from Teneo Restructuring in […]
Singapore-based crypto lender Hodlnaut is on the verge of liquidation, according to court filings on November 10. The company, which also operates in Hong Kong, had previously halted withdrawals and sought protection from creditors. However, efforts to save the lender were unsuccessful, leading to the decision to liquidate the company. Hodlnaut Liquidators To Consolidate Creditor […]
B.Protocol says v2 will optimize liquidations of “big debt” with significantly smaller capital requirements on decentralized finance lending platforms. Decentralized finance service B.Protocol has announced plans for a new version that will improve the liquidation of undercollateralized loan positions on lending platforms.In a release issued on Tuesday, the backstop liquidity protocol for DeFi lending platforms revealed that the upcoming v2 is based on a white paper for a novel Backstop automated market maker (B.AMM) written by a couple of anonymous community members.According to a blog....