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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Liquity Protocol attracts $1B TVL in just 10 days

The “interest-free loans” decentralized lending protocol now has $1 billion worth of locked-up value after it launched on April 5.

The team behind Liquity Protocol — a DeFi project launched on April 5 — has attracted $1 billion worth of locked up value according to data from Dune Analytics.

The Pantera Capital-backed Liquity is a Swiss-based decentralized and governance-free lending protocol that offers interest-free loans against Ethereum locked as collateral, with users required to maintain a minimum collateral ratio of 110%.

Loans are paid out in the protocol’s algorithmic stable coin LUSD, which is pegged to the value of USD at a one-to-one ratio. The protocol automatically generates LUSD to meet user demand, and so far has minted a supply of 480 million stable coins, with more coins being minted than burned each day.

The loans are secured by the protocol’s Stability Pool that acts as a source of liquidity to repay liquidated debt, and also by fellow borrowers collectively acting as guarantors of last resort. Users can earn money through the protocol by staking liquidity and earn revenue from issuance fees in LUSD and redemption fees in ETH.

Data from the mammoth 10-day run published via DuneAnalytics revealed that borrowing demand has rewarded stakers so far, with an average of roughly $240,000 of fees generated per day on the protocol between April 12 and April 14. The total staked amount edged past $720,000 on April 15, and the majority of users are keeping within a collateral range between 150-250%.

On March 29 Cointelegraph reported that the Liquity Protocol had closed its Series A funding round led by Pantera Capital with a $6 million investment, which included additional contributions from companies such as quantitative investment firm Alameda Research.

The decentralized finance protocol sector continues to push past its all-time highs, with data aggregator DeFi Llama showing that there is now $123.33 billion worth of total locked-up value in DeFi protocols as of today. In its short lifespan, the Liquity Protocol has pushed itself up to rank 26 in the top 100 DeFi protocols with $1.06 billion in TVL.

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