Friday, February 3, 2023
  • Login
BlaQue Crypto News
CRYPTO MARKETCAP
No Result
View All Result
  • HOME
  • BITCOINS
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
  • HOME
  • BITCOINS
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
BlaQue Crypto News
No Result
View All Result

Uncollateralized Lending Platform Truefi Reveals $100 Million Single-Borrower Pool Designed for Blockchain.com – Bitcoin Information

by BlaQue Crypto
April 26, 2022
in Decentralized Finance
Reading Time: 4 mins read
A A
0
Home Decentralized Finance
Share on FacebookShare on Twitter


The crypto agency Blockchain.com has revealed it has secured as much as $100 million in liquidity from Truefi’s single-borrower pool. The pool shall be initially capped at $100 million over the primary 12 months and Blockchain.com goals to make use of the funds to bolster its personal “liquidity swimming pools, leverage buying and selling help, and ebook of lending providers.”

Blockchain.com Leverages Truefi’s Single Borrower Pool

The main digital asset providers and trade firm Blockchain.com has introduced it has secured $100 million in liquidity from the uncollateralized borrowing and lending platform Truefi. Primarily, the decentralized finance (defi) platform Truefi leverages on-chain credit score scores with a purpose to facilitate uncollateralized lending. The platform claims to supply aggressive returns for lenders with “no lockup interval and deep exit liquidity.”

In keeping with Truefi, the single-borrower pool will present “debt to Blockchain.com [that] shall be out there to all Know Your Buyer-verified, non-U.S. lenders on the Truefi platform, providing them an anticipated APY of 8.50 %, earlier than incentives.” Truefi has already showcased the only borrower pool idea with Alameda Analysis and the group additionally helped Perpetual Protocol launch the primary protocol-to-protocol lending pool.

Trusttoken CEO Expects Extra Monetary Establishments to ‘Deliver Their Books of Enterprise On-Chain’

Rafael Cosman, the CEO of Trusttoken defined in an announcement despatched to Bitcoin.com Information that Truefi welcomes Blockchain.com into the fold, and additional stated it doesn’t shock him to see giant monetary establishments leverage on-chain books. “It’s inspiring – though not shocking – to see extra main monetary establishments convey their books of enterprise on-chain, giving our world lender base much more monetary alternatives,” Cosman remarked. Trusttoken is the dad or mum firm of Truefi and since November 2020, Trusttoken has “accomplished $1.3 billion of origination and $1 billion of repayments with no defaults.”

Blockchain.com’s head of credit score and lending, Reid Simon, believes uncollateralized borrowing and lending may be very environment friendly and the corporate appears ahead to rising the portfolio. “Uncollateralized on-chain borrowing is among the many most effective methods for high-quality debtors to attach with world lenders, at scale” Simon detailed. “We’re excited to work collectively to offer the Truefi neighborhood with a brand new monetary portfolio to discover and to develop the portfolio over time as we construct credit score historical past with Truefi lenders.”

Tags on this story
100 million, Alameda Analysis, Blockchain.com, Blockchain.com Portfolio, Blockchain.com’s head of credit score and lending, borrowing, CEO of Trusttoken, decentralized finance, DeFi, Defi Platforms, Know Your Buyer-verified, Liquidity Swimming pools, Perpetual Protocol, Portfolio, protocol-to-protocol lending pool, Rafael Cosman, Reid Simon, SBP, Single Borrower Pool, truefi, Truefi Lending

What do you consider Blockchain.com tapping into Truefi to safe $100 million in liquidity from the uncollateralized borrowing and lending platform? Tell us what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information concerning the disruptive protocols rising right this moment.




Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any harm or loss induced or alleged to be attributable to or in reference to using or reliance on any content material, items or providers talked about on this article.

Extra Widespread Information

In Case You Missed It





Source link

Tags: BitcoinBitcoin NewsBlaQueBlaQue CryptoBlockchaincomCrypto NewsDesignedLatest Crypto NewsLendingMillionNewsPlatformPoolRevealsSingleBorrowerTruefiUncollateralized
Previous Post

Greatest Movers: DOGE up on Twitter Information, WAVES Deep within the Purple – Market Updates Bitcoin Information

Next Post

Liquidations Surpass $300 Million As Bitcoin Touches 40-Day Lows

Related Posts

Decentralized Finance

70 Fintechs Based by African People

February 2, 2023
Decentralized Finance

Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time Excessive  – Markets and Costs Bitcoin Information

February 2, 2023
Decentralized Finance

Finovate Webinar: Profitable Shopper Onboarding – Take Out the Guesswork with the Proper Metric

February 1, 2023
Decentralized Finance

Arbitrum-Based mostly Vest Change Emerges, Goals to Democratize Perpetual Futures  – Defi Bitcoin Information

January 31, 2023
Decentralized Finance

3 Features that Make the Startup Booster Program a Should for Early Stage Fintechs

January 31, 2023
Decentralized Finance

Finovate World Africa: Revolutionizing Funds and Selling Inclusion with Paga’s Tayo Oviosu

January 28, 2023
Next Post

Liquidations Surpass $300 Million As Bitcoin Touches 40-Day Lows

Elon Musk Says A Dogecoin-Ethereum Bridge Is Not Wanted

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Hackers steal over $4.7M from Uniswap V3 LPs by way of phishing assault

July 14, 2022

Underrated cryptocurrencies you may get on June 22: TITAN, WAVES and XCN

June 23, 2022

OpenSea Mails Prospects, Warns Of Potential Phishing Emails Due To Knowledge Leak

June 30, 2022

Meta May Launch Quest 3 in 2023, Analyst Says

January 23, 2023

Your January E-newsletter for All Issues BitPay and Crypto

January 27, 2023

Moralis Tasks – Construct an In-Sport Unity NFT Store » Moralis » The Final Web3 Growth Platform

May 14, 2022

OneCoin disaster supervisor Frank Schneider to face trial within the US

December 9, 2022

High 3 Issues Individuals Get Improper About Ethereum | by 36Crypto | The Capital | Sep, 2022

September 20, 2022

Ethereum Scaling Altcoin Rips to Recent All-Time Excessive Amid New Protocol Improve Proposal

February 3, 2023

Bangalore’s new Museum of Artwork & Images appears to be like to draw India’s digital era

February 3, 2023

Core Scientific to Hand Crypto Mining Rigs to NYDIG to Extinguish $38.6M in Debt

February 3, 2023

Addressable Raises $7.5 Million to Assist Web3 Entrepreneurs Attain Their Audiences – Information Bitcoin Information

February 3, 2023

Egyptian Lawmakers Hail Parliament’s Endorsement of Pact to Be a part of BRICS Financial institution – Economics Bitcoin Information

February 3, 2023

Core Scientific offloads 27,000 mining rigs to NYDIG to cowl $38M mortgage

February 3, 2023

Connext Improve Ought to Enhance UX And Assist Builders

February 3, 2023

How you can Get Began with Solana Blockchain App Improvement

February 3, 2023
Facebook Twitter LinkedIn Instagram Pinterest Tumblr TikTok Youtube RSS
BlaQue Crypto News

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at BlaQue Crypto News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • Decentralized Finance
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 BlaQue Crypto News.
BlaQue Crypto News is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOINS
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT

Copyright © 2022 BlaQue Crypto News.
BlaQue Crypto News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin (BTC) $ 23,381.00 1.66%
  • ethereumEthereum (ETH) $ 1,639.67 2.01%
  • tetherTether (USDT) $ 1.00 0.21%
  • bnbBNB (BNB) $ 330.67 0.79%
  • usd-coinUSD Coin (USDC) $ 1.00 0.25%
  • xrpXRP (XRP) $ 0.408332 1.54%
  • binance-usdBinance USD (BUSD) $ 1.00 0.24%
  • cardanoCardano (ADA) $ 0.398720 1.27%
  • dogecoinDogecoin (DOGE) $ 0.091320 1.75%
  • matic-networkPolygon (MATIC) $ 1.18 3.63%