DeFi Daily Digest 2022-07-27: USDT Regained Dollar Peg, And Loans for Miners Facing Margin Calls.
USDT has found stability for the first time in over two months, amid the global crypto market’s fall to under $1 trillion. The new lending protocol Radiant Capital on Arbitrum gained near $200M TVL 3 days after its launch.
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Market
IMF says crypto sell-off won’t hit broader financial market.
The Fund sees inflation and a recession as major risks – but not crypto market turbulence.
Stablecoin
Bitcoin & Lending
The loans come with interest rates of around 6.6% to 8% per year, and loan-to-value (LTV) ratios from 60% to 90%
The new Radiant Capital launching on Arbitrum aims to become an OmniChain lending protocol, where users can seamlessly deposit collateral on one chain and borrow against it on another one.
The TVL is already near $200M.
DEX
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