Tag: Crypto

Lido DAO Votes On Contingent 7.5M LDO Market-Making Mandate

TL;DR Lido governance is considering a contingent centralized-exchange liquidity mandate. The authorization is capped at 7.5 million LDO and $480,000 USDC. Funds would only be deployed if LDO liquidity deteriorates enough to justify intervention. Lido DAO is considering giving itself a liquidity backstop for LDO trading on centralized exchanges....
Read More

XRP Treasury Giant Evernorth Raises $30 Million – But There’s a Catch

The latest SEC filing from the XRP-focused treasury company reveals that the funds will come through convertible senior notes tied directly to the closing of the business combination with Armada Acquisition Corp. II. It also reads that Evernorth has entered into a note purchase agreement on September 11 with...
Read More

Aave Proposal Brings Anchorage-Custodied Bitcoin Into V4 Lending Model

TL;DR Aave Labs has proposed a V4 market built around institutionally custodied collateral. Bitcoin would remain with Anchorage while an on-chain receipt represents the collateral. Chainlink infrastructure would keep custody data synchronized with Aave. Aave Labs is exploring a lending structure that would let institutions borrow on-chain without first...
Read More