Bitcoin Suisse adopts decentralized Liquity as lending product
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. Bitcoin Suisse has begun offering decentralized finance (DeFi) services to its clients with the addition of the Liquity protocol to its product lineup. It allows customers to post Ethereum (ETH) collateral in the protocol to mint and borrow the Liquity Dollar (LUSD) stablecoin.In an announcement on April 20, Bitcoin Suisse said it will perform all smart contract interactions and system monitoring on its....
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The “interest-free loans” decentralized lending protocol now has $1 billion worth of locked-up value after it launched on April 5. The team behind Liquity Protocol — a DeFi project launched on April 5 — has attracted $1 billion worth of locked up value according to data from Dune Analytics. From $0 to $1B TVL in 10 days Here's some charts highlighting Liquity's growth so far: pic.twitter.com/qpSzRp0gZs— Liquity (@LiquityProtocol) April 15, 2021 The Pantera Capital-backed Liquity is a Swiss-based decentralized and governance-free lending protocol that offers interest-free....
Liquity Protocol, which provides interest-free borrowing on the Ethereum network, plans to expand its ecosystem and hire more resources following the latest funding round. DeFi lending platform Liquity Protocol has secured $6 million in Series A funding to expand its on-chain borrowing services, underscoring the continued growth of cryptocurrency loans. The funding round was led by Pantera Capital, a crypto-focused venture capital firm, with additional contributions from Nima Capital, Alameda Research, Greenfield.one and IOSG, the company announced Monday. Angel investors including Meltem....
Lending is the second-most-popular segment of decentralized finance today. The industry represents over $45 billion in total value locked yet still suffers from significant inefficiencies. Hashstack finance and the testnet version of Open Protocol offer a much-needed breath of relief on that front. DeFi Lending Is Popular No one will deny that decentralized lending and […]
Port Finance, the Solana-based lending protocol with the vision of bringing a whole suite of interest rate products to DeFi users, has raised $5.3M in its latest strategic funding round. The round is led by Alameda Research with participation from Spartan Group, Brevan Howard, and A41. Port Finance’s list of existing investors also includes Jump Capital, Solana Foundation, GSR, and Defi Alliance. Port Finance was the first to launch a variable rate lending product on Solana’s mainnet in July 2021. The platform now supports 13 different assets from the Solana, Ethereum, Terra and Bitcoin....
Decentralized exchange Hodl Hodl calls its non-custodial, anonymous, bitcoin-backed lending platform “a true Bitcoin DeFi product.” The post Hodl Hodl Brings Non-Custodial, Bitcoin-Backed Lending Service To U.S. appeared first on Bitcoin Magazine.