The reduction of AVL tokens by 80 million by Avalon Labs caused a supply drop of 44%, which resulted in an 18% hike in AVL’s price.
Crypto Lending
THORChain Strategically Aims to Fix $200M Debt with Tokens After BTC, ETH Lending Halt
THORChain is currently undergoing a restructuring after facing a $200 million debt crisis due to ongoing financial challenges. In an effort to resolve the financial challenge, the decentralized liquidity protocol has introduced a new token—TCY (Thorchain Yield)—through a 90-day restructuring plan. The token aims to convert nearly $200 million in unserviceable debt into equity and […]
Celsius Stops Withdrawals & Transfers Amidst Looming Liquidity Crisis
Crypto lender Celsius has announced putting on hold withdrawals, swaps, and transfers between accounts. In the blog published, the platform cited extreme market conditions as the reason behind the move. “We are taking this necessary action for the benefit of our entire community in order to stabilize liquidity and operations while we take steps to […]
Crypto Lending and Liquidations: How the Few Save the Many
Neither lenders nor borrowers look forward to liquidations, but this less than ideal scenario may just be the key to saving the global market. It’s rare to think about collective concepts when it comes to lending. Fiduciary discussions often take a more binary stance. Where only the interests of the lender and the borrower themselves […]