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Tag: overcollateralized

OKX Releases 11th Proof of Reserves Report With Over $11.2B in Primary Assets

The Seychelles-registered cryptocurrency exchange OKX released its 11th consecutive monthly Proof of Reserves (PoR) report which encompasses 22 commonly used digital assets and shows...

Stablecoins 101: What They Are, How They Work & How to Use (2023) | BitPay

SummaryStablecoins are a type of cryptocurrency whose value is “pegged” to another currency, most often the U.S. dollar. They maintain this peg through reserves...

Importance of stablecoins and their history – PrimaFelicitas

Stablecoins play a crucial role in the world of cryptocurrency and blockchain technology. Their significance lies in several key areas:Price Stability: As the name...

Cardano’s Djed Stablecoin Receives Major Code Upgrade – Discover What’s New

Advertisement &nbsp &nbsp While most in crypto would be familiar with stablecoins like USDC and USDT, projects such as DJED are not yet...

Cardano’s DeFi Boom: A Look at the Top DeFi Projects on Cardano

The Cardano ($ADA) ecosystem has made significant advancements in the decentralized finance (DeFi) market, as its DeFi ecosystem —which went live in January 2022...

DeFi Protocol Dolomite Unveils Zap: A Breakthrough Collateral Solution for Arbitrum Users

Share this article URL Copied Dolomite, a DeFi lending protocol, has recently shared details of its latest advancement, Zap. This new collateral solution, tailored...

Maple Finance Introduces Direct Lending

The blockchain-based corporate credit market plans to address the gap left by bankrupt lenders that damaged trust on their way out, leaving Web3...

Maple Finance To Offer Overcollateralized Loans To Web3 Businesses

Maple Direct Aims To Fill A Gap In Institutional Demand For Transparent, Compliant Lending ServicesMaple Finance, a marketplace that connects institutional borrowers and lenders...

Sector Report: Yield Farming

Executive Summary: Yield farming propelled the DeFi sector to a $150 billion market in the span of just 18 months. What does the space...

Curve’s crvUSD Trades Within 0.5% Range For First Month

The novel price-pegging mechanism underpinning crvUSD, the month-old stablecoin from Curve Finance, is proving highly effective so far.On Monday, Curve shared data showing that...

Curve’s Stablecoin Trades Within 0.5% Range For First Month

The novel price-pegging mechanism underpinning crvUSD, the month-old stablecoin from Curve Finance, is proving highly effective so far.On Monday, Curve shared data showing that...

USDC Backing Maker’s Stablecoin DAI Plummets to 23% – Decrypt

The market’s largest decentralized stablecoin got a minor decentralization boost.At press time, the amount of Circle’s USDC stablecoin backing MakerDAO’s DAI has hit 23.6%....

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