#Lending market News

DeFi in Early Stages of Growth and Development, Yet the Potential is Glaringly Obvious

DeFi Platform bZx Says Lenders Unaffected by Recent Incident

February 16, 2020 by Osato Avan-Nomayo at Altcoins

Decentralized finance (DeFi) protocol bZx has clarified reports of lost funds from a malicious exploit of its Fulcrum trading platform stating that lenders were not affected by the incident. Friday’s protocol exploit has meanwhile ignited some debate over the degree of decentralization in DeFi products. Funds Not Lost in bZx...

Price Crash on Poloniex Causes 1800 BTC Margin Loss

June 7, 2019 by Ashwath Balakrishnan at News

A sudden crash in the Poloniex margin lending market for CLAM has resulted in the loss of 1800 BTC worth of loan principal. Lenders will see the extent of their loss when they log in, borrowers who have defaulted will have their accounts frozen until they can repay their sustained...