{"id":434879,"date":"2022-04-21T04:56:04","date_gmt":"2022-04-21T01:56:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-suisse-adopts-decentralized-liquity-as-lending-product\/"},"modified":"2022-04-21T04:56:04","modified_gmt":"2022-04-21T01:56:04","slug":"bitcoin-suisse-adopts-decentralized-liquity-as-lending-product","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-suisse-adopts-decentralized-liquity-as-lending-product\/","title":{"rendered":"# Bitcoin Suisse adopts decentralized Liquity as lending product"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40974e5f076\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40974e5f076\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-suisse-adopts-decentralized-liquity-as-lending-product\/#%E2%80%9D_Bitcoin_Suisse_adopts_decentralized_Liquity_as_lending_product_%E2%80%9C\" >&#8221; Bitcoin Suisse adopts decentralized Liquity as lending product &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_Suisse_adopts_decentralized_Liquity_as_lending_product_%E2%80%9C\"><\/span>&#8221; Bitcoin Suisse adopts decentralized Liquity as lending product &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvOTI1MDc5MDktNGMwYi00ZmFjLWJmYTAtYTc2YzNkYjE4NTc0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin Suisse has begun offering decentralized finance (DeFi) services to its clients with the addition of the Liquity protocol to its product lineup. It allows customers to post Ethereum (ETH) collateral in the protocol to mint and borrow the Liquity Dollar (LUSD) stablecoin.<\/p>\n<p>In an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bitcoinsuisse.com\/news\/bitcoin-suisse-launches-expands-on-its-defi-offering-by-providing-access-to-blockchain-based-credit-to-its-clients\">announcement<\/a> on April 20, Bitcoin Suisse said it will perform all smart contract interactions and system monitoring on its client\u2019s behalf and allow the borrowed LUSD token to be exchanged into any fiat currency.<\/p>\n<p>Bitcoin Suisse is a centralized crypto and financial services company founded in 2013 and based in Switzerland which offers services such as trading, custody, lending, and staking of cryptocurrencies to mostly institutional investors.<\/p>\n<p>Liquity is a DeFi borrowing protocol launched in April 2021 which allows users to post Ethereum collateral into its smart contract and borrow its native LUSD stablecoin at a 0% interest rate. Liquity currently has over $1.1 billion in total value locked into its contract.<\/p>\n<p>CEO of Bitcoin Suisse Dr. Dirk Klee said the firm was proud to take a \u201csignificant step\u201d towards offering decentralized solutions to its clients:<\/p>\n<blockquote><p>\u201cDeFi offers significant improvements over traditional financial services by being more open, more transparent, and more competitive.\u201d<\/p><\/blockquote>\n<p>Launched as a pilot stage and Bitcoin Suisse says it\u2019s only available to a select and \u201cvery small number\u201d of its clients with the borrowing amount set above $500,000.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">CeFi is making DeFi its new rails. This is just the tip of the iceberg. Keep an eye on this, people! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/YfB3Zg21Qk\">https:\/\/t.co\/YfB3Zg21Qk<\/a><\/p>\n<p>\u2014 Ash  (@ashleighschap) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ashleighschap\/status\/1516886664408412160?ref_src=twsrc%5Etfw\">April 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>DeFi is becoming a particular interest to both the crypto sector and traditional finance with the current total value locked (TVL) across the ecosystem nearing $215 billion according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/\">DeFi Llama<\/a>, not far from its $254.8 billion all time high on December 2nd 2021.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>The many layers of crypto staking in the DeFi ecosystem<\/em><\/strong><\/p>\n<p>Centralized platforms are increasingly using DeFi infrastructure by either offering a central way to access decentralized services, or by backing their products with DeFi smart contracts or liquidity.<\/p>\n<p>In March, Binance <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/blog\/markets\/first-defi-project-on-binance-the-pancakeswap-mini-program-bringing-the-cefi-and-defi-ecosystem-together-421499824684903585\">added<\/a> functionality for use of the decentralized exchange (DEX) PancakeSwap from within the Binance <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>, integrating the DEX onto its centralized platform. In the same month it also launched an updated blockchain bridge, allowing assets to be bridged from any blockchain.<\/p>\n<p>Australian based finance app Blockearner backs its \u201cYield Account\u201d product promising a 7% APY with DeFi lending protocols Aave and Compound Finance, with users only having to deposit Australian Dollars which the app then stakes in DeFi on their behalf.<\/p>\n<p>Bitcoin Suisse has long integrated crypto <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> into its offerings, in November 2021 it was the first cryptocurrency payment processor in Switzerland to integrate the Bitcoin (BTC) Lightning Network in its effort to \u201cpromote the broader adoption of crypto technology.\u201d<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-suisse-adopts-decentralized-liquity-as-lending-product\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin Suisse adopts decentralized Liquity as lending product &#8220; Bitcoin Suisse has begun offering decentralized finance (DeFi) services to its clients with the addition of the Liquity protocol to its product lineup. It allows customers to post Ethereum (ETH) collateral in the protocol to mint and borrow the Liquity Dollar (LUSD) stablecoin. In an&#8230;<\/p>\n","protected":false},"author":1,"featured_media":434880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvOTI1MDc5MDktNGMwYi00ZmFjLWJmYTAtYTc2YzNkYjE4NTc0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74983,74877,77595,75434,74355,72357,74151],"class_list":["post-434879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-decentralization","tag-decentralized-exchange","tag-lending","tag-smart-contracts","tag-adoption","tag-credit-suisse","tag-switzerland"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/434879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=434879"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/434879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/434880"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=434879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=434879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=434879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}