More than half of Ethena’s USDe backing is allocated to lending
LlamaRisk’s October 12 snapshot makes available pool assets, institutional recall terms and conditional redemption access central to holders’ exits. The post More…
Lending
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Aave’s USDG rollover plan has a yield below most quoted borrowing rates
Aave's proposed USDG rollover allows borrowers to carry stablecoin debt into a new fixed-yield position, though replacement collateral yields fall below most…
Some Aave loans sit near liquidation with collateral that can take hours to cash out
Certain Aave loans secured by yield-bearing collateral maintained tight liquidation buffers in LlamaRisk snapshots, highlighting cash-flow and exit-delay dilemmas for liquidators.
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Bitcoin hedge funds face a liquidation trap when their collateral is split across markets
Bitcoin hedge funds face liquidation traps during market downturns when their collateral is split across different exchanges like the CME and Hyperliquid, preventing profitable trades from covering losing legs on…
Luxor’s reported 6–13% annualized Bitcoin yield depends on mining delivery
Luxor reported a 6% to 13% annualized Bitcoin financing spread in September, relying on prepaid mining power paired with price hedges, though investor returns ultimately depend on proper mining delivery…
Coinbase rolls out 10x spot leverage, but blocks US retail from it
Coinbase announced a new spot borrowing feature offering up to 10x leverage, but the service restricts US retail users based on strict eligibility requirements.
S&P brings ratings-style scrutiny to $10 billion crypto vault market as $6 million Base incident exposes risks
S&P Global introduces the Vault Risk Assessment framework to evaluate $10 billion in crypto lending vaults following a $6 million security incident on the Base network.
Aave and Pendle may have found a way to keep yield capital from ever leaving DeFi
Aave prepares for a $67 million collateral rollover as its Pendle fixed-yield trade approaches maturity, testing a continuous decentralized finance yield cycle.
Cheap crypto capital hits wall as Bitfinex fee rule binds
Bitfinex Securities faces a real-world test as its tokenized capital-raising model encounters high minimum issuer fees. Despite goals to slash costs, a steep $100,000 fee floor impacts smaller enterprises seeking…
Crypto hackers exploit third-party Aave tool to steal 114 ETH
An external lending adapter designed for Aave was exploited, leading to the theft of 114 ETH valued at over $300,000, though the core Aave protocol remained completely untouched.