In today’s briefing:
- Crypto Lending Series #3: Light at the End of the Tunnel?
- ZaynFi, a Stablecoin Yield Optimiser on BNB Chain, Nets US$600K Funding
Crypto Lending Series #3: Light at the End of the Tunnel?
- The crypto lending market has been decimated with casualties from both lenders and borrowers after the FTX fallout and credit crisis.
- Most centralized lenders have been annihilated while DeFi platforms withstood the shock. The demand for lending has cratered and this will test the viability of existing platforms given lower volumes.
- However, we will likely see new platforms emerge that have the necessary lending, trading and risk management expertise from traditional finance that could propel further institutional participation in crypto.
ZaynFi, a Stablecoin Yield Optimiser on BNB Chain, Nets US$600K Funding
- ZaynFi, a stablecoin yield optimiser on BNB Chain, has announced a US$600,000 funding led by Cur8 Capital, the venture investing arm of UK-based Islamic Finance Guru.
- Started by Syakir Hashim and Aziz Zainuddin, ZaynFi is a DeFi protocol that helps users stake stablecoins safely and simply for top-of-the-range returns on the Binance Chain.
- According to the company, it helps users stake into the best liquidity pools across popular decentralised exchanges, enabling trades to happen while earning trading fees and rewards.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
