What is a decentralized money market and how does it work?
Decentralized money markets function without a custodian, allowing only the original user to withdraw funds deposited by lenders and borrowers.
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Voyager plans to resume cash withdrawals on Aug. 11
The lending firm said clients with U.S. dollars in their accounts could withdraw up to $100,000 in a 24-hour period, with the funds received in 5–10 business days.
Aave DAO approving overcollateralized stablecoin splits crypto community
Aave’s stablecoin approval drew wild reactions from the crypto community, with many comparing its fate to TerraUSD (UST); however, Aave proponents were quick to point toward the overcollateralized factor.
ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their…
Pat Toomey blames the SEC for crypto ending platform crisis
A crypto-friendly legislator believes the Commission's regulation-by-enforcement approach to be ineffective.
Finance Redefined: DeFi’s downturn deepens, but protocols with revenue could thrive
The majority of the top 100 DeFi tokens traded in green, with many registering double-digit gains over the past week.
3AC founders reveal ties to Terra founder, blame overconfidence for collapse
Su Zhu revealed the 3AC team had close ties to Terra co-founder Do Kwon, which made them overlook many red flags with the project that eventually led to a multi-million…
Gensler Says SEC Should Regulate Crypto Lending Companies
SEC chair Gary Gensler says that crypto lending companies could be compelled to register with the SEC. SEC Aims to Register Lending Companies The chair of the SEC says that...
Aave taps Pocket Network to beef up decentralized app development
Aave will leverage Pocket's distributed network of 44,000 nodes to access on-chain data from various blockchains.
Finance Redefined: DeFi market fell off the cliff in Q2, but there’s hope
Analytical data reveals that DeFi’s total value locked registered a minor dip from the past week, falling to a value of $56.45 billion.
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