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, 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, Greeks.live macro analyst Adam posted on platform X: "The interest rate for Bitfinex green leaf lending has suddenly surged, with multiple orders borrowed at a high annualized rate of 30% today. In the case of a slight market pullback, spot whales have begun to significantly increase their positions, which can be said to be cost-agnostic. This is a strong bullish signal; borrowing at an annualized rate of 30% has been an accurate signal of a major bull market in the past two years."

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 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.

According to ChainCatcher news and the official announcement, Binance's leveraged platform will launch a new promotional activity for borrowing rates on USDC, BTC, BOME, DOGE, ETH, ENA, FET, FLOKI, NEAR, REZ, RNDR, SOL, SHIB, PEPE, WLD, and WIF on May 8th at 19:00 (UTC+8).It is reported that the activity period is from May 8th at 19:00 to May 20th at 19:00 (UTC+8). Users who borrow any eligible cryptocurrency on Binance's leveraged platform will automatically receive a one-hour interest waiver.

ChainCatcher message, the governance page shows that the Aave community has approved the ARFC proposal to "increase the stablecoin GHO lending rate to 3%". This proposal suggests raising the annual lending rate of GHO from 2.5% to 3%, aiming to enhance GHO's peg and increase revenue. The discount for stkAave holders remains unchanged at 30%. This proposal now enters the AIP stage.

ChainCatcher message, the Aave community's ARFC proposal on "Further Increasing GHO Borrowing Rate" currently has a support rate of 99.92%, and the proposal will end today at 17:51. The proposal suggests increasing the GHO borrowing rate by an additional 50 basis points (bps), from 2.5% to 3%, to strengthen the GHO peg and increase GHO revenue.

ChainCatcher message, the governance page shows that the Aave community has approved the proposal to "increase the stablecoin GHO lending rate," which proposes to raise the annual lending rate of GHO from the current 1.5% to 2.5%. The aim is to address the peg deviation issue of GHO and ensure its growth and market credibility.

ChainCatcher news, the Aave community is conducting an on-chain vote on the proposal to "increase the GHO lending rate to 2.5%," which will end on September 19.It is reported that the proposal suggests raising the annual lending rate of GHO from the current 1.5% to 2.5%, aiming to address the peg deviation issue of GHO and ensure its growth and market credibility.

ChainCatcher message, the Snapshot page shows that the Aave community will start voting on the ARFC proposal to "increase GHO lending rates" tomorrow at 2:43 AM, ending on September 3rd.The proposal suggests raising the annual lending rate of the algorithmic stablecoin GHO from the current 1.5% to 2.5%, aiming to address the decoupling issue between GHO and the US dollar stablecoin, ensuring its growth and credibility in the market.