How to offer yield for digital assets, responsibly.
Loans are as old as money. Throughout history - from seeds to gold, every form of money has had a thriving lending market. Bitcoin is a digital, more transparent asset - and for it to thrive, it will also need a lending market.
The demand for bitcoin and digital asset lending services became evident during the 2020 runup, when tens of billions of client assets flowed to centralized and decentralized lending platforms. An environment of easy money policies and supersonic growth allowed bad acto
Many people have been able to earn a great return on their bitcoin and digital assets by using yield offerings. These services allow digital asset holders to earn passive income, just like investors in traditional finance do. That yield is enabled primarily by lending those assets to institutional market markets.
Bitcoin lending markets have enabled access to capital for market makers to participate in the bitcoin derivatives markets (futures and options), and help those markets flourish. This, in turn, has crushed down bitcoin price volatility, and has made bitcoin prices more stable over time.
How to offer yield for digital assets, responsibly.
Loans are as old as money. Throughout history - from seeds to gold, every form of money has had a thriving lending market. Bitcoin is a digital, more transparent asset - and for it to thrive, it will also need a lending market.
The demand for bitcoin and digital asset lending services became evident during the 2020 runup, when tens of billions of client assets flowed to centralized and decentralized lending platforms. An environment of easy money policies and supersonic growth allowed bad actors to act recklessly and mislead consumers, without any checks and balances. All of this ultimately led to the “Sam-tastic” collapse of the digital asset lending industry in 2022.
Over the last 2 weeks bitcoin has broken below the $30k support level and has remained below it, currently trading at $29,360. While the $30k level has been tested a couple of times to the upside, bitcoin has not seen a daily close above $30k since July 24th. In other words, the $30k level has flipped from technical support to resistance.
In terms of near-term catalysts, the majority of publicly traded companies that are involved with bitcoin have already reported. We saw strong results out of Coinbase, Block, Microstrategy, and PayPal. In addition to strong earnings, PayPal also announced the launch of its own stablecoin. This is an important signal to the industry as established incumbents are getting increasingly more involved with crypto.
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RUNE coin, also known as THORChain, is a decentralized liquidity protocol that aims to revolutionize the way we trade and swap cryptocurrencies. With its innovative cross-chain capabilities, RUNE allows users to seamlessly exchange assets across different blockchains. 🌐🔁
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PEPE coin is an exciting cryptocurrency that has been gaining attention in the crypto community. It's based on the popular Pepe the Frog meme and aims to bring a fun and unique element to the crypto space. 🐸💪
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To learn more about PEPE coin, I recommend checking out their official website or joining their community channels. Stay updated on the latest news, partnerships, and developments surrounding this exciting cryptocurrency. 🌐📱
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