ChainCatcher news, according to Dune data, the total trading volume of Blend, the NFT lending platform under Blur, has reached 7.1 billion USD, with a total of 819,703 loans. The current number of independent borrowers on the platform is 12,500, and the number of independent lenders is 4,697.

ChainCatcher message, the Aave community received a proposal from Aave Chan, suggesting to withdraw its lending services from the PoS chain of Polygon. This move is a response to Polygon's proposal to use cross-chain stablecoins for yield generation.

ChainCatcher news, according to data disclosed by IntoTheBlock, Aave's lending activity on Ethereum has surged, with net inflows rising to $500 million in the past week. Multiple metrics of the Aave protocol have reached new highs, and the total supply of stablecoins is significantly higher compared to 2021. According to DeFiLlama data, Aave's TVL is currently above the previous bull market period in October 2021, reaching an all-time high of $38.6 billion. The estimated annual revenue for the protocol is $117 million.

ChainCatcher news, according to official sources, the decentralized lending protocol Yei Finance has announced the completion of a $2 million seed round financing. This round was led by Manifold, with participation from DWF Ventures, Kronos Research, Outlier Ventures, Side Door Ventures, and WOO.According to the Web3 asset data platform RootData, [Yei Finance](https://www.rootdata.com/zh/Projects/detail/Yei Finance?k=MTMwNTY= "Currency market on the Sei network") is a currency market on the Sei network. Yei Finance offers a wealth of investment opportunities through its extensive asset coverage, comprehensive risk framework, and detailed token access.

According to ChainCatcher news and IntoTheBlock data, as users extensively use WBTC and WETH as collateral to borrow stablecoins, the DeFi lending market is experiencing a new wave of enthusiasm, with lending rates exceeding 10%, and some projects reaching as high as 40%, setting a new high since the 2022 bull market. The largest lending protocol on Ethereum, Aave, saw a net inflow of funds reaching $500 million this week.

ChainCatcher news, according to the official announcement, Binance has added the borrowable asset Movement (MOVE) in lending (flexible rate).

ChainCatcher news, the decentralized lending platform Neptune Protocol has completed a $3.9 million seed round financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings, Maelstrom, Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital, Optic Capital, and Relayer Capital, as well as notable angel investors Meltem Demirors, Kartik Talwar, Mike Silagadze, Alan Curtis, and Ben Lakoff. The funds will be used to develop and launch USDN, finance comprehensive security audits to strengthen the protocol, and support team expansion.Neptune Protocol is a decentralized lending platform built for the Eclipse ecosystem. It enables users to securely unlock liquidity from their collateral without having to sell their underlying assets, thereby enhancing capital efficiency.

ChainCatcher message, Binance has released the latest announcement, "To optimize user experience, Binance Lending (Flexible Rate) now allows users to repay lending orders using collateral assets. Users can choose to repay Binance Lending (Flexible Rate) orders using borrowed tokens or collateral assets. When users select to repay the loan with collateral assets in the interface, there is no need to pay a liquidation fee, and the amount repaid with collateral is based on the exchange rate at the time of repayment."

ChainCatcher news, according to Fortune magazine, the Bitcoin lending platform Lava has completed a $10 million Series A funding round, with participation from Founders Fund and Khosla Ventures.Lava's founder and CEO Shehzan Maredia stated that the platform allows users to borrow against Bitcoin as collateral, "Our slogan is save in Bitcoin, spend in dollars."Lava plans to develop additional services, including the ability to pay and purchase Bitcoin, and does not intend to issue tokens (the Series A funding is an equity financing).

ChainCatcher news, Ethereum investor DCinvestor pointed out on social media that on-chain lending is the most revolutionary application of blockchain, comparable to the most important innovation in the financial sector since the establishment of the central banking system in the 17th-18th centuries. However, most people are still unaware of its significance.Former Coinbase CTO Balaji Srinivasan stated that on-chain lending will replace central banks with decentralized banking services, with interest rates determined by the market rather than fiat regulation. Although some P2P lending platforms still use centralized order books, decentralized P2P lending order books already exist, marking a shift in interest rate pricing models from central bank dominance to peer-to-peer market determination.Token Terminal data shows that the current outstanding loans in the on-chain lending market are approaching a historical high of nearly $20 billion.

ChainCatcher message, according to Lookonchain monitoring, the whale address kamisatoayaka.eth is depositing ETH into the Spark protocol, borrowing stablecoins to purchase more ETH. In the past 30 minutes, this address has purchased 5,000 ETH, worth approximately 19.6 million dollars.

ChainCatcher news, Hydration announces the launch of its decentralized lending platform Hydration Money Market. The new platform allows users to provide cryptocurrency as collateral, earn deposit interest, and borrow various digital assets.The platform is built on the Polkadot blockchain, emphasizing the efficiency and innovation of the decentralized finance (DeFi) ecosystem. Hydration introduces on-chain priority liquidation, a mechanism designed to minimize losses and prevent exploitation during the liquidation process.

ChainCatcher news, the Aptos ecosystem lending protocol Echelon has published a statement outlining the project's future roadmap. Echelon stated that it will advance the following work in the coming months:Drive TVL growth to over $300 million;Double the number of collateral assets supported by the protocol;Launch the Movement and Inita mainnets;Expand the use cases of RWA, LST, and BTC within the protocol;Introduce the protocol governance token.

ChainCatcher news, Matrixdock, a leading RWA tokenization platform under Matrixport, announced a partnership with Avalon Finance, making its gold token XAUm the first RWA token supported for collateralized lending by Avalon Finance. XAUm holders can stake XAUm on the Avalon Finance platform on the BNB chain to borrow USDT or USDC, with a collateralization ratio of 70%.Avalon Labs is building a premier on-chain financial center for the Bitcoin ecosystem, offering a seamless ecosystem that includes lending services backed by BTC, Bitcoin-supported stablecoins, yield-generating accounts, and diversified products such as credit cards.Matrixdock will continue to explore collaborations with industry ecosystem projects to create more application scenarios for its high-quality DeFi collateral asset XAUm, helping investors achieve higher capital utilization.

ChainCatcher news, Dilation Effect stated in a post that it has discovered a precision loss vulnerability in the core pool series contracts of the Venus lending protocol. When the protocol adds new collateral assets, it becomes very easy for attackers to exploit this vulnerability and drain all funds.Specifically, the VToken contract of the core pool has a division precision loss issue in the redeemUnderlying function when calculating redeemTokens. If the protocol adds new collateral assets on-chain, and the LTV is greater than 0, and the new asset pool is an empty pool (totalSupply=0), when the new asset is mintable, it can be exploited by hackers. This puts all funds within the core pool at risk.Dilation Effect recommends that Venus fully fix this vulnerability (covering all involved chains and pools). Possible methods include rounding up the division result when calculating redeemTokens (recommended), mimicking Uniswap's design using initial_deposit_amount, or directly removing the redeemUnderlying interface, etc.

ChainCatcher news, U.S. presidential candidate Donald Trump's nominee for Secretary of Commerce, Howard Lutnick, is exploring ways to strengthen financial ties with Tether, the world's largest stablecoin operator, planning to launch a $2 billion project to provide dollar loans to clients using Bitcoin as collateral.Howard Lutnick's financial services company Cantor Fitzgerald is in discussions to secure support from Tether to help fund the project, which could amount to several billion dollars.Tether currently holds billions of dollars in U.S. Treasury bonds through Cantor's custody business, which underpins the value of its dominant USDT stablecoin. According to insiders, this custody relationship generates tens of millions of dollars in revenue for Cantor each year.

ChainCatcher news, Lista DAO has released a proposal titled "Proposal to Introduce a Pegged Stability Module Utilizing lisUSD Savings Rate". The current voting approval rate is 100%, and the voting will end on November 25.The proposal includes the introduction of a Pegged Stability Module (PSM) and a lisUSD Savings Rate (LSR) to enhance the price stability of lisUSD and provide users with deposit returns. Initially, the PSM will support USDT, with a total quota of 5 million lisUSD, and will gradually increase support for FDUSD and USDC in the future, with a maximum limit of 15 million lisUSD. The initial interest rate of the LSR is pegged to a fixed spread of 1% below the borrowing rate of lisUSD against BNB and will be dynamically adjusted based on market demand. Additionally, a 2% fee will be charged for converting lisUSD to USDT, while converting USDT to lisUSD will be fee-free.

ChainCatcher news, according to official sources, the Sui ecosystem lending protocol Suilend has announced its tokenomics plan. The total supply of the SEND token is 100 million, distributed using an innovative Mdrop (mature airdrop) mechanism.The specific allocation plan is as follows: 65% for the community, which includes 20% for Suilend Mdrop, 5% for ecosystem Mdrop, and 15% for SAVE Mdrop; 15% for project incentives; 15% for team shares; 20% for investor shares; and 10% for treasury reserves.The project team stated that they will launch the AMM project Steamm, which is deeply integrated with Suilend, in the first quarter of 2025, further improving the DeFi ecosystem layout. Investor tokens will be released linearly over 2 years, while team tokens will adopt a 4-year linear release mechanism.

According to ChainCatcher news and the China Court website, the People's Court of Xiangyin County, Hunan Province, recently heard a case involving the repayment of a loan with virtual currency. The court ruled that virtual currency does not have the same legal status and enforceability as legal tender, and the borrower's use of virtual currency to repay the debt is invalid.The case shows that the debtor, Wang, used virtual currency to repay a debt of 20,000 yuan through the "TR Foreign Currency Platform," which was later identified by public security authorities as being involved in virtual currency network pyramid schemes. The court cited the notice issued by the central bank and ten other departments in September 2021, titled "Notice on Further Preventing and Handling Risks of Speculation in Virtual Currency Transactions," and determined that the repayment behavior violated financial management order.The court emphasized that any legal person, non-legal person organization, or natural person investing in virtual currency and related derivatives in violation of public order and good customs will have their related civil legal acts deemed invalid, and any resulting losses must be borne by themselves. The final judgment of this case requires the debtor to fulfill the repayment obligation in legal tender.

ChainCatcher news, Slow Mist founder Cosine posted on X that a lending project on FTM, Polter Finance (@polterfinance), was hacked for 12 million dollars due to an "empty market" issue.