Trump crypto project proposes Aave link in governance proposal
The Donald Trump-backed crypto platform, World Liberty Financial, wants to run as an instance on the DeFi protocol Aave. Go to Source
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DeFi rises again as Aave hits new ATH in weekly borrowers
Layer-2 chains Base and Scroll have contributed to Aave’s recent borrower and depositor growth. Go to Source
DeFi protocol Venus seeks to patch $270K hole from oracle incident
The DeFi lending and borrowing protocol has confirmed it was affected by a malfunctioning Binance price oracle but confirmed user funds were safe. Go to Source
What is fiscal policy, and why does it matter?
Fiscal policy shapes economies through government spending, taxation and borrowing. Go to Source Powered by WPeMatico
Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the money supply is officially contracting.” This has only happened four times in the last … Read more
Treasury Secretary Yellen Urges Swift Action to Increase Spending Limit, Avert Default on US Obligations
Janet Yellen, the U.S. secretary of the Treasury, sent a letter to Congress on Friday urging lawmakers to increase the spending limit. Yellen stressed that the country would reach its statutory debt limit on Jan. 19, 2023. She warned that “failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the … Read more
Maple Finance 2.0 overhaul aimed at speeding up the defaulting process
The overhaul of the protocol, dubbed “Maple 2.0” comes only weeks after the platform saw two major defaults on the back of FTX’s collapse. Go to Source Powered by WPeMatico
DefiLlama founder moves to NFT lending to tackle liquidity constraints
The anonymous creator, 0xngmi, has developed a new protocol allowing users to become liquidity providers for their nonfungible token collections. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius was “overcollateralized” by roughly “130%+.” Tether Liquidates Bitcoin Loan Taken … Read more
