Lending Pool

Bug renders assets inaccessible for Polygon Aave V2 lending pool users

The execution of a recent proposal gave rise to a bug that prevents Polygon Aave V2 lending pool users from accessing their stablecoin and wrapped crypto assets.

Nexus Mutual Hit With $3M Loss Due To Orthogonal Trading's $36M Loan Default

Nexus Mutual is facing a $3 million loss due to Orthogonal Trading’s loan default. This accounts for about 1.5% to 2.6% of the company’s assets. Nexus has initiated actions to recover available funds in the M11 pool.

Maple Finance Severs Ties With Orthogonal Trading Due To $36M Loan Default

Maple Finance has cut ties with Orthogonal trading due to its $36 million default loan. The lending firm expressed disappointment in Orthogonal, citing its misrepresentation of financial position as a violation of agreements.

Friktion Launches Institutional Undercollateralized Lending

Friktion has launched an institutional credit product to offer undercollateralized lending to crypto and traditional companies. With its new features, there will be risk-adjusted and transparent yields on the DeFi ecosystem.

Credix Partners with Lender Clave to Open a $150M Stablecoin Credit Pool

Decentralized credit marketplace, Credix Finance, is partnering with digital lender, Clave, to bring debt capital markets on-chain with the launch of a $150M stablecoin credit pool. The credit facility will open in 2023.‍

Binance Aids Bitcoin Miners By Launching $500M Lending Pool

Binance revealed its plans to support Bitcoin miners by launching a $500M lending pool.