An ongoing crisis situation stemming from a large curve token collateral can be prevented by pausing all borrowing activity, Gauntlet argued in a Wednesday protocol.
The move is part of the exchange's broader plan to improve cryptocurrency-based payments globally.
The quadrennial "halving" on the Litecoin blockchain, set for Wednesday, means that the pace of new issuance of units of the LTC cryptocurrency will be cut in half. The dynamic is similar to the "hard money" mechanics that crypto analysts say helps to boost bitcoin's price.
Sun said a liquidity pool that utilizes tether stablecoins issued on the Tron network would “amplify user benefits,” pointing to saving a potentially bad loan.
Brett Harrison’s new firm, Architect, aims to be an one-stop platform for institutional-grade crypto trading.
"CoinDesk Daily" breaks down some of the top headlines from the world of crypto, including Justin Sun's efforts to help DeFi giant Curve after a recent exploit.