DeFi Platform Ribbon Finance's Unsecured Lending Product Sees Crypto Firms Folkvang and Wintermute Borrow Over $10M

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Liquidity provider Folkvang and market maker wintermute_t borrowed over 10 million USDC from ribbonfinance's recently-launched unsecured lending platform Lend. Reports godbole17

"We see that there is still demand in decentralized finance for high yields. Users are willing to move out the risk curve if the risk-reward makes sense," Julian Koh, co-founder and CEO of Ribbon, told CoinDesk."Undercollateralized lending to reputable institutional trading firms seems to fit that category well."

An institution can borrow USDC from AAVE at a much lower cost but at the expense of locking another cryptocurrency as collateral. In other words, the borrower stands to lose the liquidity of the collateral locked, which isn't the case with Ribbon's Lend. "Borrowing through Ribbon is more capital efficient," Folkvang's CIO Jeff Anderson said."With the advent of Lend, Ribbon now offers a one-stop shop for the full DeFi product suite and we are proud to be pioneers on the platform."

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 291. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

wintermute_t ribbonfinance godbole17 'Unsecured = That's gonna end well'.

wintermute_t ribbonfinance godbole17 buy tamadoge next listingBINANCE!

ribbonfinance wintermute_t godbole17 $RBN DOVs + Deribit + Clearpool. Interesting if TVL/volumes scales.

wintermute_t ribbonfinance godbole17 Huh there is no way to fix the liquidity of the usdc, the usdc should have been created a couple of years before it was created

wintermute_t ribbonfinance godbole17 TerraformIab Thanks so much fooooorrrr this gift

wintermute_t ribbonfinance godbole17 Use our app to invest in DeFi platforms🚀

wintermute_t ribbonfinance godbole17 wwhyy everyyone covering this from us

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

M31 Capital launches $100M Web3 investment fund with $50M in commitments so farMore funds for Web3! Investment firm M31 Capital launched a $100M fund to focus on decentralized internet projects. (Reporting via forgeforth_) Wow, that’s what exactly we are building 😂
Fonte: Cointelegraph - 🏆 562. / 51 Consulte Mais informação »