# Сопутствующие статьи по теме Collateral

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Collateral", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Supported by 20+ Institutions: How Does Sui's New Primitive Hashi Rewrite the Rules of Bitcoin Financial Trust?

Sui has introduced Hashi, a new decentralized Bitcoin (BTC)抵押原语 (primitive) designed to enable trust-minimized and secure use of native BTC in DeFi on the Sui blockchain, backed by over 20 major institutions. Hashi allows users to抵押 Bitcoin without transferring custody to centralized entities. BTC remains on the Bitcoin network in a dedicated address, while a抵押凭证 is generated on Sui. This凭证, representing the locked BTC, can be used in Sui's smart contracts for lending, borrowing, and other DeFi activities. The system relies on Sui validators for security, with a Guardian Layer for additional protection against risks like validator collusion. Key to Hashi is its role as a "primitive"—a foundational building block for developers. It provides a standardized interface to integrate native BTC抵押 capabilities into applications like lending protocols, structured products, and RWA strategies, reducing development barriers. Institutional support spans custody (e.g., BitGo, Cobo), trading (e.g., FalconX, Bullish), security (e.g., OtterSec, Certora), and protocols (e.g., Suilend, Scallop). This ecosystem support aims to facilitate large-scale institutional BTC adoption into DeFi upon mainnet launch. Hashi addresses core trust issues in Bitcoin金融 by prioritizing non-custodial security, transparency, and composability, potentially unlocking Bitcoin's $1.4 trillion market cap for decentralized finance without sacrificing user control.

marsbitВчера 06:33

Supported by 20+ Institutions: How Does Sui's New Primitive Hashi Rewrite the Rules of Bitcoin Financial Trust?

marsbitВчера 06:33

Brother Sun "Rights Protection" Stands Up Against the Trump Family, WLFI Is the Real Scythe in the Crypto Circle

The article details the controversy surrounding World Liberty Financial (WLFI), a cryptocurrency project linked to the Trump family. It reports that WLFI allegedly used the DeFi lending protocol Dolomite, whose co-founder is also a WLFI advisor, as a disguised channel to sell tokens by collateralizing around 5 billion WLFI tokens to borrow approximately $75 million in stablecoins. Despite WLFI's claims that the loans were for ecosystem development and posed no liquidation risk, critics argue it was a way for insiders to cash out, shifting risk to retail investors. The piece highlights WLFI's significant price decline—over 66% since its September 2025 launch—and suggests the Trump family and insiders are the main source of selling pressure, as they control nearly 74% of the token supply. It also revisits WLFI’s prior move to blacklist 272 addresses, including those of investor Justin Sun, under the pretext of preventing large-scale sell-offs, which now appears to be an effort to reduce competition for their own sales. Sun publicly accused WLFI of exploiting users, freezing assets, and treating the crypto community as a "personal ATM." WLFI countered by threatening legal action. The author notes that while Sun’s criticism may gain sympathy, a legal battle in the U.S. against the well-connected Trump family would be risky for him. Finally, the article concludes that WLFI exemplifies how powerful elites can exploit crypto’s regulatory gray areas for profit, and urges the community to reject such projects driven more by political privilege than genuine decentralized finance ideals.

Odaily星球日报04/13 12:17

Brother Sun "Rights Protection" Stands Up Against the Trump Family, WLFI Is the Real Scythe in the Crypto Circle

Odaily星球日报04/13 12:17

What does CoreWeave’s $8.5 billion GPU-backed loan mean for Bitcoin mining?

CoreWeave, a former Bitcoin miner that pivoted to AI, has secured an unprecedented $8.5 billion loan using its GPU computing hardware as collateral. This landmark deal highlights the rise of 'ComputeFi' and signals a broader shift away from the volatile 'MinerFi' model. The 2021 Bitcoin mining boom collapsed as BTC prices fell and older ASIC mining rigs lost resale value. In contrast, newer GPU-based miners can be repurposed for AI, offering a more sustainable and profitable path. While some miners like MARA have sold BTC holdings to fund this transition, CoreWeave's GPU-backed loan provides a new financing model. Despite Bitcoin's mainstream adoption, declining miner revenues post-halving and BTC's price volatility are straining the industry. CoreWeave's massive revenue growth in 2025 demonstrates AI's potential, suggesting the pivot to AI among miners will likely continue.

ambcrypto04/11 06:02

What does CoreWeave’s $8.5 billion GPU-backed loan mean for Bitcoin mining?

ambcrypto04/11 06:02

WLFI repays $25M in USDS, but token slides as market doubts persist

World Liberty Financial (WLFI) has repaid $25 million in USDS stablecoins over the past two days, responding to criticism over its borrowing practices. Despite this, its native token continues to decline, trading near $0.08—down over 7%—amid persistent market concerns. The project had previously borrowed over $75 million using its own tokens as collateral, raising fears over liquidity and potential bad debt. Although WLFI claims it is not near liquidation, investor confidence remains low. The token's RSI has fallen to around 25, indicating oversold conditions, but broader market uncertainty about its collateral strategy and risk management persists.

ambcrypto04/10 22:02

WLFI repays $25M in USDS, but token slides as market doubts persist

ambcrypto04/10 22:02

World Liberty Financial says, ‘We are nowhere near liquidation’ – But fears remain

World Liberty Financial (WLFI), backed by the Trump family, has dismissed concerns over its borrowing activities as unfounded "FUD." The DeFi project admitted to being a major borrower and supplier on WLFI Markets, using 5 billion WLFI tokens (worth $429 million) from its treasury as collateral to borrow over $75 million in USDC. This move drained the platform’s liquidity and raised fears of bad debt and contagion risk. WLFI defended its actions, stating it is "nowhere near liquidation" and can supply more collateral if needed. Additionally, concerns persist over upcoming token unlocks, with 70% of WLFI supply still locked. The token has dropped 15% amid the uncertainty, and analysts warn unlocks could trigger further selling pressure.

ambcrypto04/10 09:04

World Liberty Financial says, ‘We are nowhere near liquidation’ – But fears remain

ambcrypto04/10 09:04

Ondo Perps: Bringing Wall Street Prime Brokerage On-Chain?

Ondo Perps aims to bring traditional prime brokerage services on-chain by addressing key limitations in existing DeFi and tokenized stock markets. While crypto-native assets like BTC and ETH have mature derivatives markets, real-world assets (RWA), such as stocks, struggle due to structural flaws: over-reliance on stablecoin collateral, isolated liquidity pools, and inefficient capital utilization. Ondo introduces three innovations: allowing tokenized stocks as direct collateral, implementing cross-asset margin systems similar to traditional portfolio margining, and leveraging off-chain liquidity from traditional exchanges like Nasdaq/NYSE instead of building fragmented on-chain markets. This transforms stocks from static assets into active collateral, improves capital efficiency, and enables unified risk management across asset classes. The platform essentially functions as a multi-asset financial account system, blending decentralized and traditional finance. If successful, it could redefine asset boundaries, enhance institutional participation, and create a more integrated financial ecosystem. However, risks remain around liquidity reliability, complex cross-asset清算, and regulatory uncertainty for tokenized securities. The core question Ondo raises is whether traditional distinctions between "money" and "assets" remain relevant when diverse assets can mutually collateralize and interact in a unified market.

marsbit04/10 06:38

Ondo Perps: Bringing Wall Street Prime Brokerage On-Chain?

marsbit04/10 06:38

WLFI's $75 Million Lending Game: Dolomite Depositors Deeply Trapped

Author: ChandlerZ, Foresight News. On April 9, CoinDesk reported that World Liberty Financial (WLFI), a crypto project co-founded by the Trump family, conducted multiple collateralized loans through the DeFi lending protocol Dolomite, raising market concerns about insider relationships, circular financing, and liquidity risks. WLFI used approximately 5 billion WLFI tokens as collateral on Dolomite to borrow around $75 million in stablecoins, with over $40 million transferred to Coinbase Prime, likely for fiat conversion or OTC trading. Between February and April, WLFI executed a series of transactions, including depositing its own stablecoin (USD1) and WLFI tokens into Dolomite to borrow funds, and directly sending USD1 to Coinbase. Dolomite’s co-founder, Corey Caplan, is also an advisor to WLFI, and WLFI’s lending platform is built on Dolomite, indicating potential conflicts of interest. WLFI now accounts for about 55% of Dolomite’s total supplied liquidity. The USD1 pool has a 93% utilization rate, leaving limited liquidity for other depositors. If WLFI’s token price drops significantly, forced liquidations could cause severe losses for ordinary users. This incident follows previous controversies, including a $500 million investment deal linked to an Abu Dhabi royal, sanctions-related associations, and a prior USD1 depegging event. WLFI responded that there is no liquidation risk and emphasized its business growth, but questions about governance and risk management remain unanswered.

marsbit04/10 06:19

WLFI's $75 Million Lending Game: Dolomite Depositors Deeply Trapped

marsbit04/10 06:19

Why Aave’s $42B risk model faces its first real test after Chaos Labs’ exit

Risk management is central to DeFi protocol performance, especially during volatile periods. Aave, with $42.34B in TVL and $16.55B in loans, relies on continuous risk model adjustments rather than fixed settings. External teams like Chaos Labs have historically updated liquidation thresholds, borrow limits, and collateral rules in response to market conditions. Chaos Labs’ recent exit signals strain in Aave’s risk framework as the protocol scales. Their departure reflects deeper misalignments in risk management strategy and comes despite their critical role in overseeing Aave’s growth from $5.2B to over $26B in TVL. The exit also highlights operational and financial challenges, as the engagement remained unprofitable even with a proposed $5M budget. Aave now faces its first major test in risk continuity. Responsibility shifts to internal teams and other providers like LlamaRisk, but questions remain about response speed and coordination—especially as Aave introduces greater complexity with V4. While systems are currently stable, any delay in adjustments could allow risks to accumulate. Market confidence may now depend less on past performance and more on how effectively Aave manages this transition.

ambcrypto04/07 19:02

Why Aave’s $42B risk model faces its first real test after Chaos Labs’ exit

ambcrypto04/07 19:02

The First Step to Becoming an On-Chain Bank: Polymarket Launches Native Stablecoin

Polymarket, a leading prediction market platform, has announced a major upgrade involving the replacement of its current collateral, USDC.e, with its own native stablecoin, Polymarket USD (pegged 1:1 to USDC). This transition, expected within 2-3 weeks, is designed to be seamless for most users. The introduction of its own stablecoin allows Polymarket to consolidate user funds within its own ecosystem, transforming from merely facilitating trades to holding and managing the underlying capital. This shift enables the platform to potentially generate significant revenue from the yield on the reserve assets (USDC), estimated to be tens of millions annually from its current ~$400M in open interest. This moves its business model beyond transaction fees, which recently surpassed $1M daily, towards earning "interest" on deposited funds. Furthermore, controlling a large pool of stablecoins grants Polymarket greater leverage in its relationship with Circle (issuer of USDC) and could pave the way for future financial services. This strategic upgrade signifies Polymarket's evolution from a prediction market ("casino logic") into a more comprehensive financial entity with banking-like capabilities ("bank logic"), significantly deepening its competitive moat.

marsbit04/07 11:59

The First Step to Becoming an On-Chain Bank: Polymarket Launches Native Stablecoin

marsbit04/07 11:59

"Legal" Ponzi Scheme? Uncovering Gemini Exchange and Its Founders' Circular Lending

A recent report scrutinizes Gemini's financial practices, revealing a circular lending scheme involving its founders, the Winklevoss twins. Through their private investment firm, Winklevoss Capital Fund (WCF), they loaned thousands of Bitcoin and Ethereum to Gemini. The exchange then used these assets as collateral to secure hundreds of millions in USD loans from third parties like Galaxy Digital and NYDIG to fund operations. During its September 2025 IPO, Gemini settled $695.6 million of its debt to WCF by converting it into super-voting Class B shares at a 20% discount ($22.40 per share) compared to the $28 price public investors paid. This secured the founders 94.7% of the voting control. As of the end of 2025, Gemini still owes WCF 4,619 BTC (approx. $400M), which can be recalled at any time, posing a significant liquidity risk. Despite this, Deloitte issued an unqualified audit opinion without highlighting these related-party transactions or associated risks. Since its IPO, Gemini's stock price has collapsed by 88% to $4.42, facing multiple analyst downgrades and a shareholder class action lawsuit for allegedly misleading investors about its strategic and financial condition.

marsbit04/06 01:25

"Legal" Ponzi Scheme? Uncovering Gemini Exchange and Its Founders' Circular Lending