Russland zielt immer mehr auf eine Nutzung von Kryptowährungen im internationalen Zahlungsverkehr ab, wobei den Unternehmen Freiräume bei der praktischen Nutzung gelassen werden.
Icebreaker Finance launches $300 million fund for bitcoin miners
- Icebreaker Finance will offer fully collateralised loans to blue-chip mining companies.
- Loan periods are of 12-18 months and interest rates of 15-20%.
- The fund is open to miners in North America, Canada and Australia, the company announced on Tuesday.
Icebreaker Finance, an Australian-founded firm that’s seeking to leverage blockchain technology to improve capital markets, has unveiled a $300 million fund on DeFi platform Maple to help finance bitcoin miners.
The fund will target secured debt financing towards the leading bitcoin mining companies – both public and private – across North America, Canada and Australia, the firm said.
Icebreaker’s move comes at a time many BTC mining firms have struggled amid the crypto winter and rising electricity costs, with some opting to sell their mined coins to meet cash obligations.
“Recent market headwinds have caused lenders to pull back, while traditional financing vehicles have been slower to engage this sector. Miners play an essential role in growing the crypto ecosystem and local economies, and we are proud to extend a new financing vehicle to direct capital where it is needed the most,” said Sidney Powell, CEO and Co-Founder of Maple Finance.
Collateralised loans to blue-chip miners
As Icebreaker Finance notes in its announcement, miners can now access 12-18 month loans at interest rates of about 15-20% to boost their operations.
Offered to blue-chip Bitcoin miners, the loans will be handled on a first-priority basis, with Icebreaker evaluating each need based on a miner’s balance sheet strength, treasury, financial performance, and operational efficiency among other factors.
Collateral will be both by real-world assets and digital assets, with the former requirement involving mining rigs and power transformers among other infrastructure assets.
Recourse will be on the borrower, Icebreaker noted in its blog post, with company’s founder and CEO Glyn Jones commenting on this by noting:
“The market is now maturing to appreciate that non-recourse SPV ASIC backed financing can be inappropriate given the volatility in value of ASICs. Instead, a more diverse security package is required. Maple’s out-of-the-box, on-chain lending toolkit enables us to align incentives of lenders and borrowers to execute loans on-chain with terms that reflect the emerging nature of the industry more efficiently than we could elsewhere.”
The post Icebreaker Finance launches $300 million fund for bitcoin miners appeared first on CoinJournal.
Experten teilen mit: Was sind die Ursachen für den aktuellen Krypto-Winter? – Teil 1
Was sind die Gründe für den aktuellen Abschwung am Kryptomarkt und wieso ist der Krypto-Winter 2022 so wichtig? Branchenexperten aus der DACH-Region äußern sich dazu.
Cake DeFi launches EARN for conservative crypto investors
Cake DeFi says EARN offers daily rewards with up to 10% APY, while users benefit from complete transparency.
Cake DeFi, a Singapore-based decentralised finance (DeFi) company seeking to bring crypto opportunities to the masses, has formally launched an investment product that will see customers access competitive returns on their assets while enjoying protection against market volatility.
The platform first introduced EARN on 12 September.
Cake DeFi’s EARN to “address market needs”
As noted EARN is a hybrid product that offers “a single-sided liquidity mining service” that should see an increasingly risk-averse market not worry about returns, liquidity or risk of insolvency as recently observed over the crypto winter.
With many centralised finance (CeFi) platforms hitting bankruptcy among other troubles recently, users are turning to projects such as Cake DeFi’s centralised decentralised finance (CeDeFi) platform.
The market is also benefiting from a hybrid approach where providers are offering access to both liquidity mining and crypto lending – combining high yields with the latter’s low volatility to help consumers.
“Our latest product EARN was launched to address today’s market needs. With the crypto winter settling in, investors have become increasingly risk-averse, especially since many Centralised Finance (CeFi) platforms have become insolvent or are facing liquidity issues. As a Centralised Decentralised Finance (CeDeFi) platform, our business is to provide our users with good yields on their crypto investments with complete transparency,” said Dr. Julian Hosp, Co-Founder and CEO of Cake DeFi.
What else makes Cake DeFi Earn different?
According to Cake DeFi, EARN will offer users access to rewards with up to 10% APY, either for Bitcoin (BTC) or DeFiChain (DFI) – you allocate one asset and receive rewards in the native coin. EARN also offers autocompounding of returns to allow users to benefit from even greater yields.
As well as using on-chain tools to track their investment’s performance, customers are assured of protection against impermanent loss. This option is available via the Volatility Protection feature, the firm announced.
Cake DeFi is announcing the EARN feature on the back of stellar growth during Q2, the fintech platform’s strongest quarter of 2022. This was reflected in the platform’s Transparency Report, with numbers for customer growth, payouts and funded accounts all showing massive upticks.
The post Cake DeFi launches EARN for conservative crypto investors appeared first on CoinJournal.
XRP-Kurs könnte um 30 Prozent fallen: Trotz möglichem Ripple-Sieg gegen SEC
Die Leitzinserhöhung der US-Zentralbank könnte XRP einen Einbruch bringen, obwohl es gute Nachrichten im Zusammenhang mit dem Gerichtsprozess mit der SEC gibt.