avatar

Alameda Co-founder Says Company Will Borrow from TrueFi to Support Daily Trading Activities

TokenInsight news, Alameda Research expects to borrow $750 million from lending agreement TrueFi within a year to support its daily trading activities, Sam Trabucco, co-founder of Alameda Research, said in an interview. And he also said that in general all the major DeFi platforms they use. Alameda has repaid $209 million in stablecoin to TrueFi and still has $139 million in outstanding loans and will eventually pay about 7.5% interest on its stablecoin loans with TrueFi.
Source

Lending

Related News
Arijit Sarkar Arijit Sarkar 2 hours ago Crypto lender Polter Finance halts operations after $12M hack Arijit Sarkar Arijit Sarkar 2 hours ago Crypto lender Polter Finance halts operations after $12M hack
Aave proposal considers activating fee switch and buying back tokens from open market Aave proposal considers activating fee switch and buying back tokens from open market
Risk Manager Gauntlet Quits Aave and Moves to Rival Lending Protocol Morpho Risk Manager Gauntlet Quits Aave and Moves to Rival Lending Protocol Morpho
Radiant Capital Loses $4.5M in Exploit, Halts Lending Market on Arbitrum Radiant Capital Loses $4.5M in Exploit, Halts Lending Market on Arbitrum
Latest News More More
8 Hours Ago Argentine prosecutor seeks to freeze $110 million in proceeds tied to Libra memecoin scandal: report
8 Hours Ago Mt. Gox moves over $1 billion worth of bitcoin to unmarked address: Arkham
1 Day Ago Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
1 Day Ago Binance Records $3.97B Weekly Inflows
1 Day Ago MEXC Partners With Hacken to Increase Security Standards

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open