NFT-collateralized crypto loans platform BendDAO initiated measures to course correct itself as a liquidity crisis over the weekend threatened to spiral out of control. The unfolding situation at Bend...
Tag: Bend
NFT Lending Protocol Bend DAO Proposes New Measures against Bankruptcy Crisis
Subject to the bankruptcy crisis caused by depleted Ethereum reserves, NFT lending protocol Bend DAO has proposed new emergency measures pending a governance vote. The NFT lending protocol provides as...
NFT lending protocol Bend DAO proposes emergency changes amid credit crisis
On Monday, developers of decentralized nonfungible tokens (NFTs) borrowing and lending protocol Bend DAO proposed new emergency measures in an attempt to stabilize the ecosystem. The same day, it was ...
Coinbase CEO Would Shutdown ETH Staking Service if Asked to Bend to Regulators
Brian Armstrong – CEO of Coinbase – stated on Thursday that he would refuse to censor the Ethereum blockchain using his platform’s concentrated stake in the protocol. If compelled by the government t...
Ruble Hits 5-Year High as Gas Buyers Bend to Putin’s Will
(Bloomberg) — The ruble closed at the highest level in five years against the euro as more European companies appeared to be complying with Vladimir Putin’s demand that they switch to paying in ...