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Cryptopolitan 2023-06-25 07:20:46

Unprecedented Move: FTX Creditors Harness Tokenized Claims for Mysterious DeFi Loans

In a groundbreaking development within the decentralized finance (DeFi) sector, a creditor of the now-bankrupted crypto exchange FTX has utilized a tokenized claim as collateral for a loan. The transaction, facilitated by the DeFi protocol Arcade, marks the first on-chain loan backed by an FTX claim. This innovative approach to collateralization highlights the growing trend ... Read more

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