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
21 Hours Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
5 Days Ago Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending
June 17 Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more
June 13 XRP Ledger adopts USDC one week after Circle goes public

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