DeFi rises again as Aave hits new ATH in weekly borrowers
Layer-2 chains Base and Scroll have contributed to Aave’s recent borrower and depositor growth. This post was originally published on this site
What is fiscal policy, and why does it matter?
Fiscal policy shapes economies through government spending, taxation and borrowing.This post was originally published on this site
Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the money supply is officially contracting.” This has only happened four times in the last […]
Treasury Secretary Yellen Urges Swift Action to Increase Spending Limit, Avert Default on US Obligations
Janet Yellen, the U.S. secretary of the Treasury, sent a letter to Congress on Friday urging lawmakers to increase the spending limit. Yellen stressed that the country would reach its statutory debt limit on Jan. 19, 2023. She warned that “failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the […]
Maple Finance 2.0 overhaul aims to speed the process for loan defaults
The overhaul of the protocol, dubbed “Maple 2.0,” comes only weeks after the decentralized lending platform saw two major defaults on the back of FTX’s collapse.This post was originally published on this site
What is a decentralized money market and how does it work?
Decentralized money markets function without a custodian, allowing only the original user to withdraw funds deposited by lenders and borrowers.This post was originally published on this site
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius was “overcollateralized” by roughly “130%+.” Tether Liquidates Bitcoin Loan Taken […]
Compound Treasury receives B- credit rating from S&P Global Ratings
Though the protocol offers an arguably lucrative yield of 4% per year, it’s only available to accredited investors as of now. This post was originally published on this site
THORChain quietly outperforms crypto market in Q1 — Can RUNE price break $10 next?
THORChain reveals plans to launch Terra’s UST-like native stablecoin and “Thorfi.”This post was originally published on this site