Crypto Lender Babel Finance Lands Unicorn Status With $80M Series B
The funding round sets the firm's valuation to $2 billion.
The funding round sets the firm's valuation to $2 billion.
The filing is expected to become effective after the SEC completes its review process, subject to market and other conditions.
The Wall Street trading firm made its first DeFi investment last month, backing decentralized lending protocol Bastion.
In addition, staking rewards would no longer be offered to cardholders after the completion of the current 180-day period.
Flowty is a peer-to-peer NFT lending platform built on the Flow blockchain.
The P2P lending protocol uses on-chain data, machine learning and decentralized identity information to calculate a non-fungible credit score for potential borrowers.
The project will enable users to take out over-collateralized loans on Polkadot’s EVM-compatible Moonbeam parachain.
The latest version of the Aave protocol focuses on risk management and capital efficiency.
A permissionless lending protocol has brought on a former Federal Reserve employee in a key position.
Uncle Sam may collect tax on every loan and repayment of cryptocurrency, which may catch users by surprise, creating a tax trap that could impair the rapidly emerging DeFi industry. This piece is part of CoinDesk's Tax Week.