According to a recent Twitter post by 0xngmi, the anonymous creator of decentralized finance (DeFi) project aggregator Defi Llama, the smart contract code for a novel nonfungible tokens (NFT) borrowing and lending protocol dubbed 'LlamaLend" is near completion. The protocol aims to solve the problem of NFT holders needing to obtain liquidity when holding their digital collectibles and primarily targets small NFT collections. The project's LlamaLend GitHub page explains: "If a holder needs liquid money because a good opportunity has appeared, all they can do [now] is just sell their NFTs." As per its GitHub page, LlamaLend will allow users …

Bitcoin (BTC), along with other cryptocurrencies, has provided people with a venue to earn passive income, making money without any active involvement. One doesn't need to take unnecessary trading risks or spend time reading and analyzing reams of information. While the concept of passive earning isn't new, cryptocurrency has undoubtedly added new dimensions to it. Concepts like compounding interest or reinvesting dividends are also applied in the cryptocurrency market, creating an ecosystem where one can earn passively. Let us discuss various ways to earn passive income with Bitcoin. This article includes interest accounts, lending, mining, trading and liquidity pool. Bitcoin …

Maple Finance co-founder and CEO Sid Powell says that transparency has been the saving grace of decentralized finance (DeFi) amid the prolonged crypto market slump. Speaking to Cointelegraph on the sidelines of Converge22 conference in San Francisco, Powell noted that throughout the crypto winter, DeFi has continued to operate as intended while centralized finance (CeFi) has become “pretty inactive.” Powell suggested that during the market crash, CeFi lenders hadn't properly "battle-tested" and weren’t “prepared to liquidate clients," wanting to maintain client relationships. “As the price of Bitcoin was tumbling, they didn’t want to be sending out margin call letters or …

After the mining failure involving its stablecoin aUSD, the Acala Network announced on Monday that it had resumed its operations following a referendum allowing LPs to withdraw liquidity from pools or unstake LP tokens. The community referendum for Stage 1 of resuming Acala operations has passed and been executed. LPs who choose to unstake LP tokens or withdraw liquidity on Acala now have the option to do so. https://t.co/yzvOz7zwxT — Acala (@AcalaNetwork) September 26, 2022 In August, a misconfiguration of the iBTC/aUSD liquidity pool led to a 3.022 billion aUSD to be erroneously minted, taking its price to less than …

Cryptocurrency exchange CoinFlex announced a structuring proposal in response to user feedback following the platform experiencing liquidity issues. In a Wednesday blog post, CoinFlex said under the proposal — which will be subject to a vote and court approval— creditors will own 65% of the company, while its team members will be allocated 15% of shares as part of an employee share option plan. According to the platform, Series B investors would remain shareholders in the restructured company should the plan be approved. “As with any reorganization, unfortunately, most shareholders get wiped out,” said CoinFlex CEO Mark Lamb and CRO …

The Ethereum blockchain’s carbon footprint is expected to reduce by 99% following last week’s Merge event. By positioning staking as a service for retail and institutional investors, the upgrade could also have a significant impact on the crypto economy, according to a report from Bitwise on Tuesday. The company said it projects potential gains of 4-8% for long-term investors through ETH staking, while J.P. Morgan analysts forecast that staking yields across PoS blockchains could double to $40 billion by 2025. Users who stake crypto assets earn rewards — known as yields — from transaction fees paid by other network users. …

Cryptocurrency has converted another veteran of Wall Street after ex-Morgan Stanley executive Kevin Lepsoe launched a new platform for decentralized finance (DeFi). His new firm, Infinity Exchange, received a nice injection of seed funding in a bid to boost DeFi adoption among institutions. In his pledge to help build “DeFi 2.0,” Lepsoe described one of the biggest pain points of DeFi 1.0 — and it’s one you probably haven’t heard of. As it turns out, if you want institutions to adopt your products and services, you need to give them a product suite they’re familiar with. Until then, DeFi offers …

Zircon Finance, an automated market maker (AMM) and a decentralized exchange on Moonbeam, announced the launch of a mainnet network to address investor’s challenges related to impermanent loss in decentralized finance (DeFi). Impermanent loss relates to a condition wherein investors lose assets they hadpreviously dedicated to providing liquidity to a liquidity pool for earning profits via yields. The mainnet network, dubbed Zircon Gamma, aims to counter such losses through single-sided liquidity over the Moonriver network, which tranches or splits risks between a volatile cryptocurrency and a stablecoin. For example, in the case of an ETH/USDC pool, Zircon allows Ether (ETH) …

A few years back, the concept of owning and trading fragments of physical real estate might have seemed too far-fetched for many. But with the advent of blockchain technology, real estate tokenization is providing new opportunities for fractional ownership and investment. Blockchain technology’s long-overdue debut in real estate has made real-world asset tokenization a heavily-discussed topic in the industry. After all, tokenization ticks all those boxes that are often required to ruffle many a feather in a traditional industry — it’s digital, global, complex and future-oriented. But how exactly does real estate tokenization work, and how can it help transform …

Compound Treasury, a cash management solution for institutions powered by the Compound Protocol, announced on Sept.14 that accredited institutions can now borrow USD or USDC with fixed rates starting from 6% APR, using Bitcoin, Ethereum, and supported ERC-20 assets as collateral. Starting today, to meet the growing demand for liquidity, institutions can now borrow from Compound Treasury, using digital assets as collateral.https://t.co/xgDIep18Qa — Compound Labs (@compoundfinance) September 14, 2022 The Defi-backed company whose notable clients include crypto companies, fintech institutions, and banks, shared that the decision was made in response to recent market volatility, which has created a more robust …

Poolin, one of the largest Bitcoin mining pools by hash rate, has announced it has temporarily suspended Bitcoin and Ether withdrawals from its wallet service due to “liquidity problems.” In a Monday announcement, Poolin said its wallet service was “facing some liquidity problems due to recent increasing demands on withdrawals” and it planned to temporarily stop payouts of Bitcoin (BTC) and Ether (ETH). In its Telegram channel, Poolin support told users it was “hard to name a specific date” for which it would resume normal service, but hinted it could be a matter of days, while the help page stated …

The decentralized application industry pushed above $40 billion in smart contract deposits in February 2021, and currently the figure stands at $59 billion. To date, “real money” continues to flow into the sector, and on Aug. 29, gaming startup Limit Break raised $200 million. The project gained popularity after the successful launch of its DigiDaigaku free-mint NFT collection. According to a report by Dove Metrics and Messari, the crypto industry saw $30.3 billion in funds raised in H1 2022. This amount surpassed the $30.2 billion seen in 2021. Excluding the $10.2 billion in funding raised for the centralized finance sector …