Fun

News Feed - 2023-07-15 06:07:00

Alice Ivey14 hours ago5 peer-to-peer (P2P) lending platforms for borrowers and lendersDiscover five platforms — Aave, Compound, MakerDAO, dYdX and Fulcrum — that are transforming lending and borrowing through decentralization.1736 Total views6 Total sharesListen to article 0:00OverviewJoin us on social networksPeer-to-peer (P2P) lending, which links borrowers and investors directly, has become a well-liked substitute for traditional banking. P2P lending networks enable decentralized lending, in which people can borrow money from other people or institutions directly without the use of intermediaries, such as banks.


Both borrowers, who can receive loans with flexible terms, and investors, who can earn competitive returns on their investments, can profit from this lending arrangement. This article will look at five decentralized P2P lending services that let lenders and borrowers become involved in this expanding market.Aave


Aave is a decentralized lending platform built on the Ethereum blockchain. By using digital assets like cryptocurrencies as collateral in smart contracts, it enables borrowers to receive loans. On the other hand, investors can lend borrowers their assets while still earning interest on their deposits.


Flash loans, which allow borrowers to obtain loans without providing collateral as long as the loan is repaid in the same transaction, are Aave’s distinguishing feature. This creates new opportunities for immediate liquidity and cutting-edge financial applications.Compound


Compound is another decentralized lending platform operating on the Ethereum blockchain. It enables borrowers to place security and borrow items backed by the platform. Depending on the demand for particular assets, investors might lend their assets to borrowers and earn interest.


To ensure efficient capital allocation, Compound uses an algorithm that dynamically modifies interest rates based on the availability and demand of assets. By giving users the option to vote on suggestions for platform updates and parameter changes, the platform also lets users take part in governance.MakerDAO


The Ethereum blockchain-based decentralized lending platform MakerDAO is well-known for its Dai (DAI) stablecoin. By using their digital assets as collateral, borrowers can create DAI stablecoins, which are tied to the value of the United States dollar. Lending money to borrowers allows investors to receive interest in the form of stability fees.


Tokenholders who engage in voting on important choices, such as collateral kinds, stability fees and system upgrades, are a part of MakerDAO’s decentralized governance architecture.


Related:DAO governance models: A beginner’s guidedYdX


The decentralized derivatives trading platform dYdX also provides borrowing and lending features. Borrowers can trade on the site and borrow additional assets using their digital assets as collateral. Investors can lend borrowers their assets while earning interest on their deposits.


Users have freedom and leverage when trading thanks to dYdX’s lending and borrowing options. The platform, which supports various assets and marketplaces, runs on the Ethereum blockchain.Fulcrum


On the Ethereum blockchain, Fulcrum is a decentralized lending and margin trading platform powered by bZx. Investors can lend their assets and receive interest on their deposits, while borrowers can pledge their assets as security and obtain extra credit.


Related:Margin trading vs. futures: What are the differences?


Users can effectively manage their holdings thanks to the seamless integration of Fulcrum’s lending and trading services. Through the use of its native token, which enables users to vote on protocol updates and parameters, the platform also uses decentralized governance.# Blockchain# Cryptocurrencies# Technology# Tech# Adoption# Lending# Peer-to-peer lending# DeFiAdd reactionAdd reactionRelated NewsWho invented NFTs?: A brief history of nonfungible tokensAI signals vs. human intuition: Decision-making in crypto tradingIt’s time for the SEC to settle with Coinbase and RippleOver $204M lost to DeFi hacks and scams in Q2: Finance Redefined5 blockchain-based social media platforms to knowNear Foundation treasury drops to $900M as token price plunges

News Feed

Dogecoin Flashes Sell Signal After 30% Rally – Time To Sell?
Este artículo también está disponible en español. In a notable turn of events, meme coin Dogecoin is now flashing a sell signal for corrections ahead after a 30% rally in
Does Hong Kong have issues with USDT and USDC? — Exec weighs in
Helen Partz12 hours agoDoes Hong Kong have issues with USDT and USDC? — Exec weighs inAs Hong Kong looks into creating Hong Kong dollar and US dollar stablecoins, a local industry executive addresses possible implicati
Telegram Launches Premium Tier Benefits Seeking to Monetize Platform
Telegram Launches Premium Tier Benefits Seeking to Monetize Platform Popular messaging platform Telegram has announced it is launching a new premium tier of its services as it seek
Toncoin (TON) gains 10% after Binance Launchpool platform addition
Nancy Lubale1 hour agoToncoin (TON) gains 10% after Binance Launchpool platform additionGrowth in its DeFi ecosystem and the upcoming Binance Launchpool addition have put wind in Toncoin’s sails.145 Total views1 Total
BNB Uptrend Gears Up: 10% Jump Brings $724 Resistance Into Play
Este artículo también está disponible en español. BNB is riding a strong bullish wave, surging over 10% as bullish momentum continues to build. This impressive rallyhas b
Portuguese Authorities Contemplate Launching an Investigation on Local Crypto Social Media Influencers
Portuguese Authorities Contemplate Launching an Investigation on Local Crypto Social Media Influencers Portuguese authorities are reportedly planning to take act
Report: Kenya Set to Scale Up Adoption of Cryptocurrencies in 2022
Report: Kenya Set to Scale Up Adoption of Cryptocurrencies in 2022 In his Africa crypto market predictions for 2022, Marius Reitz, the general manager for Luno in Africa, has predi
Valora launches ‘Mobile Stack’ Web3 launchpad for iOS and Android
Tristan Greene7 hours agoValora launches ‘Mobile Stack’ Web3 launchpad for iOS and AndroidThe peer-to-peer payments company aims to grow Web3 beyond its current crypto-native audience.1872 Total views1 Total sharesLi
Helen Partz14 hours agoFantom Foundation awards $1.7M bounty for preventing $170M drainIn the aftermath of Fantom’s $550,000 hack in October, a security researcher found that the attacker could have stolen as much as $
Bitcoin breaches $70k for the first time
Zoltan Vardai27 minutes agoBitcoin breaches $70k for the first timeBitcoin broke a new high of $71,415, three days after Ether breached the $4,000 mark for the first time since 2021.490 Total viewsListen to article 0:00N
Tom Blackstone8 hours agoProof of Stake Alliance updates recommendations for staking providersThe POSA updated its staking principles to say that providers should communicate clearly and not control the amount of liquidi
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate on Saturday, Following Recent Gains
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate on Saturday, Following Recent Gains Bitcoin was marginally higher to start the weekend, as bulls were able to fight throu