online resources

Cream Finance Launches Cross-Protocol Flash Loans

Cross-protocol flash loans are coming to Cream Finance.  Protocol-to-Protocol Flash Loans on Cream Finance The lending protocol will allow other protocols to borrow from its pools through its Iron Bank feature. The Iron Bank currently has over $337.9 million in Total Value Locked (TVL). It’s currently integrated with Alpha Homora V2 and Yearn Finance’s Vaults. Cream is the first project to enable cross-protocol flash loans.  Leo Cheng, co-founder and project lead at Cream Finance, spoke of the benefits the feature will offer DeFi users. He said:  “Bringing protocol-to-protocol flash loans to DeFi will increase capital efficiency and provide deeper liquidity…

Continue Reading Cream Finance Launches Cross-Protocol Flash Loans

Money Market Protocol Aave Settles $300 Million in Defi Flash Loans

This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time soon. In just a short period of time, the Aave protocol (the Finnish word for “ghost”) has seen enormous demand. Essentially, Aave is a decentralized finance (defi) protocol that currently has 19 supported tokens including ethereum (ETH). To-date the total-value locked (TVL) is around $1.5 billion at the time of…

Continue Reading Money Market Protocol Aave Settles $300 Million in Defi Flash Loans

Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License

The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi project Aave (the Finnish word for ‘ghost’) has seen it’s TVL supersede the Maker Dao project. Essentially Aave is an open-source, noncustodial protocol that has allowed individuals to stake credit lines by leveraging a myriad of digital assets. After the first month of launch, Aave’s protocol TVL had over $5 million in liquidity locked…

Continue Reading Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License

Inter-Blockchain Liquidity: Minting Synthetic Bitcoin Cash With the Ren Protocol

The decentralized finance (defi) ecosystem has matured quite a bit in 2020 and one project that’s seen some growth is the Ren Protocol. The application that allows people to access inter-blockchain liquidity for a number of defi applications. The following post is a step-by-step guide on how to leverage the Ren Protocol with Bitcoin Cash and a Metamask wallet. This week news.Bitcoin.com tested the Ren Protocol, another decentralized finance (defi) application that has been making waves within the crypto community. This is because the total value locked (TVL) in the Ren-VM system right now is more than 12,600 BTC ($146…

Continue Reading Inter-Blockchain Liquidity: Minting Synthetic Bitcoin Cash With the Ren Protocol

Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours

The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral. Since the last week of June, defi flash loans have increased by 809% as the protocol Aave is issuing anywhere between $80-100 million in flash loans per day. Data shows that Aave issued over $138 million on Monday and the pace continues to trend higher. The word “Aave” is a Finnish term to describe a ghost, as the noncustodial platform…

Continue Reading Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours

DeFi Flash Loans Shoot To $130 Million Per Day: Report

DeFi Flash loans have increased to $130 million per day as Aave’s flash loans also skyrocketed over the past few weeks due to traders taking advantage of the millions in temporary “free money” so let’s read more about the report in our crypto news today. Aave is now issuing more than $100 million in flash loans every day as the DeFi flash loans increased from around $11 million per day at the start of the month. Flash Loans can be used in many advanced financial strategies but can also be used in high-profile DeFi hacks. DeFi is not just about…

Continue Reading DeFi Flash Loans Shoot To $130 Million Per Day: Report

End of content

No more pages to load