Compound Treasury to let institutions use digital assets as collateral when b...
Accredited institutions can borrow USD OR USDC starting at 6% APR, according to the company. Compound Treasury, a cash management solution for institutions powered by the Compound Protocol, announced on Sept.14 that accredited institutions can now borrow USD or USDC with fixed rates starting from 6% APR, using Bitcoin, Ethereum, and supported ERC-20 assets as collateral. Starting today, to meet the growing demand for liquidity, institutions can now borrow from Compound Treasury, using digital assets as collateral.https://t.co/xgDIep18Qa— Compound Labs (@compoundfinance) September 14, 2022....
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Compound, one of the leading defi-based protocols, is launching a new service called Treasury. Compound’s Treasury is a new product designed to help institutions enter the defi space. Launched in partnership with Circle and Fireblocks, it skips the uber astounding rates conventional defi protocols offer. However, it seeks to offer stable revenue for companies looking to get passive income from their funds in dollars. Compound to Coax Institutions With Treasury Compound Labs, the company behind the Compound defi protocol, launched Treasury, a new defi service designed for....
Though the protocol offers an arguably lucrative yield of 4% per year, it's only available to accredited investors as of now. On Monday, decentralized finance, or DeFi, protocol Compound Treasury announced that it received a credit rating of B- from S&P Global Ratings. As told by the team at Compound, this represents the first time a major credit agency has issued a rating for an institutionalized DeFi protocol. The S&P Global Ratings' investment suitability scale ranges from AAA (extremely strong) to D (in default). A score of B- indicates the issuer can meet financial commitments, though....
Compound users can no longer use YFI, ZRX, BAT and MKR tokens as collateral for loans. Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, similar to the recent $117 million exploit of Mango Markets, according to a proposal on Compound’s governance forum that was recently passed.With the pause, users will not be able to deposit Yearn.finance’s YFI (YFI), 0x’s ZRX, Basic Attention Token (BAT) and Maker’s MKR (MKR) as collateral to take loans.The....
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