Chaos at MarginFi Shakes up Solana DeFi’s Borrow-and-Lend Landscape
Solend and Kamino were the biggest winners in the Solana DeFi landscape.
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Solend and Kamino were the biggest winners in the Solana DeFi landscape.
“The main problem was our lack of organizational execution,” MarginFi’s longtime leader Edgar Pavlovsky told CoinDesk.
Crypto’s high yield structured product sector is getting a bit more mature.
Investors will be able to take out crypto loans by pledging TrueFi’s U.S. Treasury bill tokens, with plans to expand collateral to other types of tokenized RWAs, according to the proposal.
“There are possibilities to solidify the treasury at low risk,” pseudonymous JPEG’d contributor 0xTutti told CoinDesk.
The Global Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kincaid, of Cicada Partners.
Seamless previously operated the “OG Points” program, allowing thousands of users to earn points in their on-chain wallets.
“We have seen about $2 billion in demand for bitcoin-secured loans since we started offering them in September, ” Two Prime’s Alexander Blume said.
Tokenized real-world asset (RWA) marketplace Untangled Finance went live Wednesday on the Celo network after securing a $13.5 million venture capital boost to bring tokenized private credit to the blockchain, the company told CoinDesk.
The development follows the default of a $5 million loan on Goldfinch made to an African robotaxi company.