Tag : Algofi

Algofi Governance Vault Goes Live, Unlocking $2.7B of Liquidity for the Algorand DeFi Ecosystem
Blockchain DeFi News

Algofi Governance Vault Goes Live, Unlocking $2.7B of Liquidity for the Algorand DeFi Ecosystem

Fintech News Desk
by Fintech News Desk0
Algofi has created a vault product that allows users to participate in DeFi while governing the Algorand blockchain. Algofi announced the launch of their Algorand Foundation Governance Vault on the Algorand blockchain.  With the Algofi Vault users can simultaneously participate in Algorand governance and Decentralized Finance (DeFi).  To participate in Algorand......
Algofi and Lofty Announce a First-of-its-Kind Partnership Enabling Anyone to Use Crypto As Collateral
Blockchain Cryptocurrency News

Algofi and Lofty Announce a Partnership Enabling Anyone to Use Crypto As Collateral to Buy Fractional Ownership in Real Estate

Fintech News Desk
by Fintech News Desk0
By coupling decentralized finance with real estate—the largest asset class in the world—the two Algorand-based companies have made possible a novel, tangible use case for DeFi Algofi and Lofty, two companies backed by the Y Combinator accelerator, have partnered to enable people to use $STBL, Algofi’s stablecoin, as collateral to buy fractions......
Algofi Launches on Algorand, Offering a Lending Market, Stablecoin, and Liquidity Incentives
Cryptocurrency Lending News

Algofi Launches on Algorand, Offering a Lending Market, Stablecoin, and Liquidity Incentives

Fintech News Desk
by Fintech News Desk0
Algofi’s Mainnet launch completes the DeFi ecosystem trifecta (DEX, lending, and bridging) on Algorand First previewed on TestNet earlier this fall, Algofi‘s simple-to-use platform is now live on Algorand, enabling everyone from crypto-native traders to less tech-savvy retail users to earn interest, access leverage, and borrow against their cryptocurrency assets. With......
Algofi Announces $2.8M in Funding to Build Decentralized Lending Market on Algorand Blockchain
Blockchain News

Algofi Announces $2.8M in Funding to Build Decentralized Lending Market on Algorand Blockchain

Fintech News Desk
by Fintech News Desk0
Y Combinator-backed venture aims to bridge the gap between traditional and decentralized finance  Algofi, the fast, low-cost lending market and stablecoin protocol built on the Algorand blockchain, announced $2.8 million in seed funding during Decipher, Algorand’s annual community conference. Union Square Ventures, Arrington XRP Capital, and Pillar VC led the......
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