Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

PYUSD Loans and Tokenized Assets: A New Era in DeFi

Unleashing Potential: PYUSD Loans and Tokenized Real World Assets In a groundbreaking development within the decentralized finance (DeFi) sector, a Swiss-based platform, Backed, has emerged as a pivotal player by powering PYUSD loans through tokenized Treasury Bill ETFs. This innovative approach not only enhances the utility of PYUSD but also provides new avenues for users to earn yield on their deposits, thus reshaping the landscape of stablecoins and lending markets. The Mechanics of PYUSD Loans Depository Functionality : Users can deposit PYUSD, a regulated USD stablecoin issued by Paxos for PayPal, into a Morpho Blue vault. This vault supports two types of collateral: Backed's tokenized Treasury Bill ETFs Lido’s wstETH Yield Generation : Depositors of PYUSD earn yield by lending to borrowers who take out loans. This dual engine mechanism—an innovative blend of real-world yields and crypto rewards—optimizes returns across varying market conditions. Tokenized Rea
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

FTX Founder Sam Bankman-Fried Faces Landmark Trial: A Closer Look at the Crypto Collapse

FTX founder Sam Bankman-Fried is facing a criminal trial that could determine whether he embezzled billions in customer funds, committed money laundering, and misled investors and lenders. The trial, set to begin in Manhattan this week, is expected to shed light on the details of FTX's collapse in 2022, which had a significant impact on the crypto industry. Bankman-Fried, who has pleaded not guilty, could face over 100 years in federal prison if convicted on all counts. The trial is likely to present two conflicting narratives, with federal prosecutors arguing that Bankman-Fried engaged in fraud, while he may argue that the lack of regulation in the crypto industry contributed to the mishandling of customer assets. Former allies of Bankman-Fried, including Caroline Ellison, the former CEO of Alameda Research, and two former FTX executives, have pleaded guilty to charges and agreed to testify against him. Overall, the trial and the collapse of FTX paint a challenging picture for the crypto industry.

Email Post

Comments

Post a Comment

Trending Stories