TL;DR XLS-65 (Single Asset Vaults) and XLS-66 (Lending Protocol) amendments are formally open for voting on the mainnet, with consensus at the moment at 20% (7 of 35 validators). Requires 80% consensus for 14 days to activate. The key caveat: Emphasize that credit score approval and underwriting stay off-chain; the native on-ledger protocol solely manages…
The South Korea Financial Services Commission (FSC) has applied complete pointers capping crypto lending curiosity at 20% yearly whereas fully banning leverage companies that exceed collateral worth. According to a local report, the brand new self-regulatory framework takes impact instantly following considerations over investor harm from overheated exchange competition. The Financial Services Commission introduced the…
San Francisco-based crypto lender Divine Research is extending thousands of unsecured loans to borrowers across the globe, verified not through traditional IDs but with a scan of their eyes. The startup says it has issued around 30,000 short-term loans since December, the Financial Times reported Sunday. To identify borrowers, it uses World ID, the iris-scanning…