🏦→ Loan open [0787] Collateral deposited: 89.5 ETH ($344,715) CR: x2.0 Debt: $172,382 Target asset: ETH.USDC https://t.co/1o8nUCcH4E
🏦→ Loan open [00an] Collateral deposited: 3.0 BTC ($205,353) CR: x2.0 Debt: $102,617 Target asset: ETH.USDC https://t.co/1o8nUCcH4E
🔒🔒 14.1K $NEXT used as collateral for a 1.8K $USDC loan on arbitrum-one.💸 https://t.co/xOgICwwfeU https://t.co/Ml9XA39qGJ








In a recent flurry of activity on cryptocurrency lending platforms, a significant number of loans were issued using various digital assets as collateral. Notably, 5.0K $PRIME was used to secure a 6.4103 $WETH loan on the Ethereum network. Additionally, 200.0K $PIXL and 14.1K $NEXT were utilized as collateral for loans of 6.0K $USDC and 1.8K $USDC on Arbitrum-One, respectively. Another transaction involved 3.8K $PRIME for a 4.8718 $WETH loan on Ethereum. The lending activity is part of a broader trend, with 1,219 borrowers participating in 2,503 transactions, putting up a total of $72.2M in collateral to borrow $31.1M. The loans have a variety of collateral requirements, with Bitcoin and Ethereum having a collateral requirement (CR) of 2.0x and a loan-to-value (LTV) ratio of 50.0%. Additionally, 64.9Mᚱ Rune was burned in the process. In addition to these transactions, loans involving 3.0 BTC and 89.5 ETH as collateral were also reported, highlighting the diverse range of assets being used in the lending market.