SCOOP: Months after decentralized finance (DeFi) bonds tool Porter Finance shut, citing lack of demand from borrowers, three out of the four team members relaunched the project as arborfinance. By shauryamalwa
bonds tool Porter Finance relaunched the project on Monday, months after Porter was shut due to a lack of demand from borrowers.decentralized autonomous organizations
Selling bonds to raise money is an attractive alternative to selling tokens and gives DAOs another way of funding growth, the developers said in an email to CoinDesk. The bond buyers receive high fixed yields in exchange for lending to these DAOs. Bonds allow DAOs to borrow funds at fixed interest rates without the fear of liquidation by using their native tokens, which make up the majority of their treasuries. Borrowers using collateralized debt positions on other protocols must maintain a particular collateral ratio or risk being liquidated.after founder Jordan Meyer cited a lack of demand amid a market-wide price decline and overall waning sentiment about the long-term growth of cryptocurrencies.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Can you tell who’s who? Mom, 46, and daughter, 22, bet you can’t tell them apartBarbie Porter and her lookalike daughter Halie have TikTok users doing a double take.
Read more »
I cried ‘almost daily’ for 6 months regretting the name I gave my sonIt’s not exactly a name worth sobbing over — in fact, it’s a pretty common name — but the TikTok mom insists she cried daily over it.
Read more »
Ether Sees Biggest Weekly Gain in 3 Months, ETH-BTC Rally to ContinueEther rallied 16% last week, registering its biggest gain since July. The recent positive change in ether's tokenomics are helping the cryptocurrency outperform industry leader bitcoin. Reports godbole17
Read more »
Swiss National Bank loses nearly $143 billion in first nine monthsThe Swiss National Bank lost 142.2 billion Swiss francs ($142.60 billion) in the first nine months of 2022, it said on Monday, as rising interest rates and the stronger Swiss franc slashed the value of the central bank's foreign investments.
Read more »