ChainCatcher news, according to data from Dune, the total transaction volume of Blend, the NFT lending platform under Blur, has reached $6.88 billion, with a total of 772,251 loans. The current number of independent borrowers on the platform is 11,781, and the number of independent lenders is 4,627.

ChainCatcher news, Onyx Protocol posted on platform X stating that in response to the recent theft incident, Onyx Protocol has released proposal OIP-46, suggesting to restart Onyx's open-source licensed financial network Onyx Core as the main product, ensuring the governance of Onyx Core and the rewards for Onyx Stakers alongside XCN Staking.According to the proposal, Onyx Protocol will operate a closed lending protocol on Onyx Core, allowing users to wrap and lend NFTs and real-world assets (RWA), while supporting crypto assets from multiple chains. This move will shut down the Ethereum-based lending market and fully compensate all affected users, paying them at a 1:1 ratio for the assets they provided.

ChainCatcher news, according to the official announcement, Binance Lending (Flexible Rate) and VIP Lending have launched a new borrowable asset Catizen (CATI).

ChainCatcher news, according to The Block, Mark Palmer of investment bank and research firm Benchmark stated that the recent support for the development of the cryptocurrency sector may encourage MicroStrategy to start generating revenue by lending out a portion of its Bitcoin holdings. MicroStrategy Executive Chairman Michael Saylor has mentioned the idea of lending some of MicroStrategy's Bitcoin for yield, but he believes it is not feasible due to the lack of counterparties with sufficient financial strength and robust balance sheets, which makes him hesitant to take this step. Benchmark's Mark Palmer pointed out that this situation may soon change.At a public hearing last week, Senator Cynthia Lummis's chief legal advisor revealed that the U.S. Securities and Exchange Commission has granted a conditional exemption to Bank of New York Mellon from the agency's SAB 121 guidance, which requires entities that choose to custody crypto assets to list them on their balance sheets and create corresponding liabilities equal to the value of the cryptocurrencies. The largest custodian in the U.S., Bank of New York Mellon, seems to have obtained cryptocurrency custody permission. Palmer stated that if the SEC's lenient stance on digital assets and the growing institutional interest extends beyond financial institutions like Bank of New York Mellon to corporations, then MicroStrategy may soon be able to engage with large institutional counterparties to lend Bitcoin and feel more confident in repaying loans.In a report on Tuesday, Palmer wrote: "The revenue generated by MSTR from lending a portion of its Bitcoin holdings could offset the annual interest on its debt, and if the company is willing to lend out more Bitcoin, it could use the related revenue as another way to increase its holdings without involving any concerns about leverage or dilution." Palmer noted that after issuing convertible bonds and exiting preferred notes, MicroStrategy may gain greater flexibility in accessing capital markets due to its reduced interest expenses and increased unencumbered Bitcoin reserves. He wrote: "While the premium at which MSTR trades relative to its net asset value (NAV) is a point of contention among investors, we believe that the flywheel effect emerging from its Bitcoin acquisition strategy supports the argument that the premium is justified, and this is a feature of the strategy rather than a flaw."

ChainCatcher news, the total locked value (TVL) of the Sui ecosystem lending protocol Scallop has surpassed 150 million USD, with a total lending amount of 80 million USD and a trading volume of 47 million USD.In addition, according to data from CoinMarketCap, Scallop's native token $SCA has seen a significant increase in the past two weeks, with the token price nearly doubling.

ChainCatcher News, Bitcoin full-chain lending protocol Blend recently announced the completion of its seed round financing. This round was led by well-known investor Mario Nawfal and the IBC Group, with participation from the Hackquest Community Fund. The specific amount and valuation have not been disclosed. At the same time, Blend has also been selected for the Open Campus accelerator supported by Animoca Brands and Hackquest, as well as the BTC Studio initiated by Wanwu Island and Waterdrop Capital.It is reported that Blend is a full-chain lending protocol aimed at Bitcoin assets, dedicated to providing efficient liquidity solutions for users by introducing Bitcoin as collateral. Blend plans to first deploy its protocol on public chains such as Arbitrum and Base, and will connect to decentralized Bitcoin asset solutions like dlcBTC, further unlocking the earning potential of Bitcoin and promoting its deep application in the DeFi field.Mario Nawfal is a well-known entrepreneur and investor in the United States. His Twitter Spaces have invited global political and business leaders and renowned investors, including Elon Musk and former Brazilian President Jair Bolsonaro. It is reported that Blend plans to co-host a Twitter Space event with Mario Nawfal to promote its lending protocol to the senior Bitcoin user community in the United States, further expanding Blend's influence in the cryptocurrency community.

ChainCatcher news, according to Decrypt, the team behind the Trump family's cryptocurrency project World Liberty Financial stated that the project will provide lending services for cryptocurrencies on the Ethereum blockchain network, which is not much different from many existing applications in DeFi.It promises to be more "user-friendly" and accessible than existing high-tech alternatives, and will be based on a non-transferable (meaning non-tradable) WLFI governance token.The World Liberty Financial crypto team, led by Chief Operating Officer Zak Folkman and Chief Data and Strategy Officer Chase Herro, released new details today regarding the WLFI token distribution plan, clearly stating that the token sale will be regulated by the U.S. SEC. Folkman stated in today's interview, "No presale, no venture capital, and no early buys; this is as fair as you can expect to see from any other DeFi project, and the token distribution launching now is very equitable."

ChainCatcher news, the DeFi lending platform Sky (formerly known as MakerDAO) will vote on whether to completely abandon wrapped Bitcoin (wBTC) in its ecosystem, which could be a significant development for DeFi, as the platform has $200 million in loans collateralized by this token.DeFi risk management firm BA Labs is a significant player in the governance of the Sky protocol, having previously proposed to reduce investment in wBTC due to concerns over the involvement of Tron founder Justin Sun in the work of the underlying asset custodian.BA Labs proposed to gradually eliminate all wBTC risk exposure from collateral assets in five steps, with the first step starting on September 26. Each step will be voted on. BA Labs stated in its proposal: "We found that legal due diligence does not provide sufficient assurance."

ChainCatcher news, ChainCatcher news, the decentralized lending exchange (DLEX) Ammalgam announced the completion of a $2.5 million seed round financing led by Lightspeed Faction and Framework Ventures, with participation from Robot Ventures, Bodhi Ventures, NGC Ventures, DeWhales, Blockchain Founders Fund, as well as angel investors such as Kain Warwick, Anton Bukov, Spencer Noon, and Jordi Alexander.It is reported that the new funds will be used to drive the growth and development of the protocol, including expanding the core talent team and product development.

ChainCatcher news, Euler has launched the v2 modular DeFi lending protocol. Unlike Euler v1 (which is similar to DeFi lending protocols like Compound and Aave), v2 has been redeveloped as a "meta-lending protocol." It aims to enable builders to create highly customizable lending vaults and open up on-chain credit use cases, addressing the fragmentation and capital inefficiency issues of isolated lending markets.Michael Bentley, CEO of Euler Labs, stated that before returning to the company, Euler had undergone 31 audits from firms such as Certora, Omniscia, OtterSec, Open Zeppelin, and Trail Of Bits, and a bug bounty program will be launched this week.It is reported that on March 13, 2023, Euler Finance suffered a hack, resulting in losses of up to $197 million, but after successful negotiations, the hacker returned all stolen funds in early April.

ChainCatcher message, the crypto lending institution Nexo has reopened registration for UK customers after a series of upgrades to meet the compliance requirements of the UK's Financial Conduct Authority (FCA).This upgrade was implemented in collaboration with Gateway 21 (an FCA-authorized and regulated financial promotion approval body), and the changes include providing a cooling-off period and dedicated risk warnings for UK customers. Users are also required to complete an investor classification questionnaire and a suitability assessment before using the platform, which has become standard practice for cryptocurrency companies serving UK customers.

ChainCatcher news, Greeks.live analyst Adam posted on platform X, stating, "Starting from 19:00 Beijing time on September 2, the green leaf lending market has continuously presented borrowing opportunities with annualized interest rates exceeding 20% over the past 10 hours. Meanwhile, since August 28, the net increase in BTC margin long positions has reached 3,000 contracts. Green leaf lending rates and long positions have always been leading indicators of a bull market, with significant increases in rates and long positions observed before the last two major surges. At the same time, the options market has also seen a large volume of bullish options transactions, accounting for 30% of the total transactions for the day, indicating that whales are fully positioning themselves for long positions."

ChainCatcher news, OKX CEO Star responded to questions about the OKX lending mechanism on the X platform.He stated:OKX's spot collateral borrowing is a C2C market between users, where OKX only provides a platform to help users with borrowing and earning needs to match.A 100% reserve is a fundamental responsibility of OKX. When the borrowing amount exceeds the deposit amount, the requirement for a 100% reserve will trigger the platform's automatic currency exchange mechanism.OKX has imposed a limit on the maximum borrowing amount, which cannot exceed 100%.Due to market activities of the Floki token, there was a large number of redemptions by depositors at that time, resulting in the borrowing amount exceeding 100%, which in turn triggered the automatic currency exchange.The OKX team will review the underlying design mechanism of the collateral borrowing platform to see if there are optimization solutions, and everyone is welcome to provide feedback.

ChainCatcher news, the general lending market Echelon Market has completed a $3.5 million seed round financing, led by Amber Group, with participation from Laser Digital, Saison Capital, 280 Capital, Cypher Capital, and others.Echelon's core currency market enables asset lending through non-custodial pools. All positions are over-collateralized to protect lenders while providing borrowers with maximum capital efficiency and cost-effective rates.According to RootData, Echelon is a decentralized financial market written in the Move programming language. Its users can indirectly borrow and lend assets through non-custodial pools to earn interest or increase purchasing power through leverage.

ChainCatcher news, according to CoinDesk, Centrifuge has partnered with Morpho and Coinbase to launch an RWA lending market aimed at institutions. This market relies on Coinbase's Layer 2 network Base and the Morpho Vaults system, using three tokenized U.S. Treasury bonds as collateral, including Centrifuge's Anemoy fund, Midas's short-term U.S. Treasury bonds (mTBILL), and Hashnote's U.S. Yield Coin (USYC). This is the first time Ethereum-driven Coinbase validation has been used in the lending market, aiming to provide instant liquidity without the need to redeem U.S. Treasuries.

ChainCatcher news, according to CoinDesk, the modular protocol Curvance, aimed at optimizing liquidity management, has launched its public testnet on Ethereum's Sepolia, Arbitrum's Sepolia, and Berachain's bArtio V2.The team stated, "The public testnet is the last chance to provide feedback, and most importantly, participants can earn some Bytes. Public testers in the Curvance testnet can collect up to 300 Bytes."

ChainCatcher news, according to The Block, DCG announced in its quarterly shareholder letter this week that it has fully repaid its short-term debts as of June. Over the past 18 months, the company has repaid more than $1 billion to creditors, particularly boosted by strong performance in the first half of this year.It is reported that the only remaining debt for the company is a $1.1 billion promissory note, which is due in 2032, at which point its crypto lending division Genesis will be bankrupt.

ChainCatcher news, according to Fortune, the crypto lending platform Arch has announced the completion of a $5 million seed round financing, led by Morgan Creek Digital and Castle Island Ventures. At the same time, Galaxy is providing $70 million in debt financing. This funding will be used to serve institutional clients and individual investors.Arch was founded in February 2022 by finance veterans Dhruv Patel and Himanshu Sahay, aiming to revitalize the crypto lending industry that has been hindered by the collapse of companies like BlockFi and Genesis.Max Bareiss, Vice President of Galaxy's lending division, revealed plans to securitize the debt financing, allowing institutional investors to purchase and trade it on the secondary market through crypto-native channels. Arch currently has 5 full-time employees and plans to expand its team, with plans to launch additional investment products later this year.

ChainCatcher message, the Bitcoin ecosystem lending protocol Avalon Labs (formerly Avalon Finance) has launched on-chain CeDeFi lending, and by collaborating with CeFi institutions, it offers unlimited stablecoin lending with a fixed lending rate of 8%. The collateral is held by professional institutions, and the supported collateral includes FBTC and Bitcoin.Avalon Labs operates two business segments focused on Bitcoin: CeDeFi and DeFi lending, and will launch its lending stablecoin. Avalon Labs will serve both retail and institutional users, establishing a more comprehensive on-chain lending system.