Altcoin News Daily Official TheBitTimes.com

Lending and Borrowing Platforms on BNB Chain BNB Chain has become a leading blockchain for decentralized finance (DeFi), offering efficient and cost-effective lending and borrowing platforms. These platforms enable users to lend their crypto assets to earn interest or borrow against their holdings without intermediaries. Key Features of Lending & Borrowing on BNB Chain Low Fees & Fast Transactions – BNB Chain’s high throughput and low gas fees make lending and borrowing more accessible. Collateralized Loans – Users can lock up assets as collateral to borrow funds, maintaining liquidity without selling holdings. Interest Yield for Lenders – Depositing assets into lending pools generates passive income through interest rates determined by supply and demand. Decentralized & Trustless – Smart contracts automate lending and borrowing, eliminating the need for traditional financial institutions. Multi-Asset Support – Platforms on BNB Chain support a variety of assets, includ...

The Ethereum lending protocol was exploited in a $197 million flash loan attack in March. On April 12, Ethereum-based noncustodial Lending protocol Euler Finance announced that it would open redemption s after hacker s return ed the vast majority of assets stolen in a $197 million flash loan exploit last month.  Euler says it will repay all sub-account liabilities at the block the protocol was disabled on March 13. The on-chain price oracle, provided by either Uniswap or Chainlink, will determine the Ether (ETH) value of assets and liabilities. The company explained:  "Markets that have bad debt in excess of reserves (a few long-tail markets that suffered oracle attacks) will have the bad debt proportionally distributed amongst depositors in the market." Euler has created a smart contract containing funds for all exploited addresses, with an embedded Merkle Tree. In order for redemptions to be processed, users' addresses need to pass the Merkle proof of validity and ...