Author: Yeek.io

The Problem with Over-CollateralizationMost DeFi lending platforms work on over-collateralization. Borrowers must deposit assets worth more than the loan amount to secure a loan. This model protects lenders from defaults. But it also limits DeFi lending to those who already own significant crypto assets.Issues with Over-Collateralization:Excludes Many Users: Users without large crypto holdings cannot access blockchain loans.Limits Growth: Businesses and individuals cannot efficiently leverage funds.Inefficient Capital Usage: Locked assets cannot be used elsewhere for investment or transactions.Limits Credit Expansion: Traditional finance increases lending by providing loans based on credit ratings, rather than collateral.Under-collateralized lending would solve these issues, making lending…

Ethereum is launching the Hoodi testnet, with Pectra set to go live on the mainnet more than 30 days after Hoodi successfully forks.Ethereum’s Pectra deployment is looming, currently slated for the mainnet deployment for late April. In the run-up to the mainnet deployment, Ethereum (ETH) has been running tests to evaluate implementation of its various features on testnets. The two most recent testnet deployments were on Holesky on Feb. 24 and then Sepolia on March 5. On March 17, Ethereum will launch another testnet Hoodi to test validator exists, according to Ethereum developer Tim Beiko. If testing on Hoodi is…

Quick take: The company plans to use the new capital to accelerate its product roadmap and expand its licensing footprint across multiple jurisdictions. RedotPay’s crypto card and payment platform bridges the gap between traditional finance and cryptocurrencies, acting as an alternative to traditional banking for the unbanked. The company claims to have over 3 million registered users globally. RedotPay, a crypto card and payments platform, has completed a $40 million Series A round led by Lightspeed. The fundraising also attracted significant investment from HSG (Formerly Sequoia China) and Galaxy Ventures, with participation from DST Global Partners, Accel, and Temasek-backed Vertex…

Brazil seems to favor blockchain for BRICS cross-border trade, moving away from talk of a joint currency. Brazil may be exploring blockchain to improve BRICS — which includes Russia, India, China, along with other members — trade transactions, with the topic potentially becoming a key focus during the country’s year-long presidency of the bloc, which began in January, Brazilian newspaper Valor Econômico reports, citing sources close to the matter. The plan appears to be different from past discussions on a BRICS common currency. According to the people close to the talks, the intention is “not to create a currency to…

Silo, a non-custodial decentralized finance marketplace, announced Friday morning the launch of its V2 protocol on Sonic, a high-performance Layer 1 network. This means users on Sonic can now tap into lending markets where risks are kept separate. This means if one market hits trouble, it won’t drag down the others. After passing several security audits, Silo V2 is now live and already attracted $400 million locked into the platform. Silo V1 made a big splash in the DeFi world, facilitating loans worth hundreds of millions of dollars across more than 50 markets—without any blow-ups or solvency issues. Anyone can…

ZKsync’s DeFi Steering Committee (DSC) said it will not renew ZKsync Ignite, its liquidity reward program, as the project shifts its focus to broader network expansion.The DSC confirmed that Ignite’s second season will not proceed and that the program will be discontinued on March 17. This also cancels the reward allocation for period 6, the final phase of the program’s first season.ZKsync said it would focus its resources on its Elastic Network, an architecture that aims to transform the platform into an ecosystem of interconnected zero-knowledge (ZK) chains. “Our long-term vision for ZKsync is increasingly centered on the Elastic Network,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A recent report alleges that the Trump Family has been in talks to take a stake in crypto exchange Binance’s US arm, which could facilitate the company’s return to the country. Simultaneously, the exchange’s co-founder, Changpeng Zhao, also known as “CZ,” has allegedly been “pushing” for a pardon from the Trump administration. Trump Family In ‘Deal Talks’ For Binance US Stake? On Thursday, The Wall Street Journal (WSJ) reported that representatives of US President Donald Trump’s family have held talks to acquire a financial stake in Binance…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. On-chain data shows Bitcoin and the altcoins have seen their trading volume decline recently, a sign that trader interest in the market is waning. Trading Volume Is Down Across The Cryptocurrency Sector In a new post on X, the…

The leading blockchain ecosystem, Ethereum, has just announced the development of a third testnet named Hoodi for the Pectra update, following errors encountered on the Holesky and Sepolia testnets. This latest update is expected to pave the way for Ethereum to successfully launch the Pectra Update on the mainnet before May 2025, bringing a positive signal to Ethereum after a challenging period.Ethereum Introduced The Third Testnet Hoodi“A new testnet, Hooli, is going live Monday to wrap up Pectra testing,” said Tim Beiko, member of the Ethereum’s developer team. During the regular meeting on March 13, 2025, the Ethereum development team…

Homepage > News > Finance > ECB accelerates timeline for digital euro CBDC launch European Central Bank (ECB) President Christine Lagarde gave the world an update on the digital euro central bank digital currency (CBDC) last week, saying the deadline for the preparation phase is now October 2025. Speaking at a press conference on Friday, March 7, Lagarde said the team behind the digital euro was “focused on accelerating the pace,” highlighting how they are campaigning to get other stakeholders like the EU Parliament and European Commission on board. The ECB President said the digital euro was “critically important” and…