DeFi Upstart Dharma Brokers $6.4 Million in Crypto Loans in First 3 Weeks
Riding a wave of interest in crypto lending, Dharma is becoming a lucrative way to arbitrage the DAI stablecoin.
Dharma, the Coinbase-backed decentralize finance startup, is adding token-exchange protocol Uniswap as its latest in-app offering.
Startups built on Compound's decentralized lending protocol are now pondering the second-order effects of COMP's price surge.
Uniswap reported more than $1.76 billion in monthly volume as of Wednesday.
Ledn is now offering USDC stablecoin savings accounts through a partnership with the crypto lending and trading conglomerate Genesis.
Dharma is getting out of the lending business, launching its V2 on the Compound protocol and focusing on savings accounts for DAI and USDC.