Today in DeFi - Genesis Halts Withdrawals, Maker Teleport, Intro to Bebop, and More...

1 year ago 185

Genesis Lending Halts Withdrawals

JUST IN: The lending arm of @GenesisTrading plans to halt customer withdrawals. The unit discussed the matter with its institutional customers in a call on Wednesday morning. By @NelWang

trib.alGenesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX CollapseThe unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.

As part of the fallout from FTX, Genesis Trading has halted withdrawals of its lending product. This may have ramifications for Gemini’s Earn program, which uses Genesis.

Maker DAI Teleport

Maker @MakerDAO

Maker Teleport 🌀 A MakerDAO infrastructure for teleporting DAI across the multi-chain space without losing security or scalability. Available to integrate now with a 10,000 DAI grant! ⚡️

Maker launches Teleport - infrastructure for projects to utilize and transfer DAI across multichains. Maker also set up a 19k DAI integration grant for developers to create a front end for this back end technology.

Yearn yBribe

yearn @iearnfinance

Introducing yBribe. Yearn’s new bribe platform for Curve gauge voting. Check out the thread for key product and contract upgrades, or start selling and buying votes at yBribe.com

Yearn launches yBribe, a marketplace for buying/selling Curve gauge voting power.

Circle Adds Apple Pay

Circle @circle

Help boost online sales with #ApplePay! Eligible #crypto businesses can now offer another safe and secure way to pay. Read our blog to explore how we’re building the future of commerce.

hubs.liApple Pay is now available on CircleBusinesses who build with Circle can now accept Apple Pay. See how we’re making crypto commerce easier.

USDC issuer Circle now allows crypto businesses to accept payments from Apple Pay users who don’t use crypto.

Upcoming - Fantom Approaching ZK?

iamdefinitelyandre.ftm @AndreCronjeTech

Fantom: envisioning a zk future

link.medium.comFantom: envisioning a zk futureIntro

Former Fantom contributor Andre Cronje published an article about Fantom potentially integrating zk locally on user devices to ease load and further decentralization.