STBL

Algofi Governance Vault Goes Live, Unlocking $2.7B of Liquidity for the Algorand DeFi Ecosystem

Retrieved on: 
Thursday, March 31, 2022

NEW YORK, March 31, 2022 /PRNewswire/ -- Algofi announced the launch of their Algorand Foundation Governance Vault on the Algorand blockchain.  With the Algofi Vault users can simultaneously participate in Algorand governance and Decentralized Finance (DeFi).  To participate in Algorand Governance, users will have to opt in via the Vault by April 14th, 12:00pm EST.

Key Points: 
  • NEW YORK, March 31, 2022 /PRNewswire/ -- Algofi announced the launch of their Algorand Foundation Governance Vault on the Algorand blockchain.
  • With the Algofi Vault users can simultaneously participate in Algorand governance and Decentralized Finance (DeFi).
  • To participate in Algorand Governance, users will have to opt in via the Vault by April 14th, 12:00pm EST.
  • The Algofi vault will enable ALGOs committed to governance to be used as collateral for lending and borrowing, thereby unlocking $2.7B of liquidity for the Algorand DeFi ecosystem.

Algofi Governance Vault Goes Live, Unlocking $2.7B of Liquidity for the Algorand DeFi Ecosystem

Retrieved on: 
Thursday, March 31, 2022

NEW YORK, March 31, 2022 /PRNewswire/ -- Algofi announced the launch of their Algorand Foundation Governance Vault on the Algorand blockchain.  With the Algofi Vault users can simultaneously participate in Algorand governance and Decentralized Finance (DeFi).  To participate in Algorand Governance, users will have to opt in via the Vault by April 14th, 12:00pm EST.

Key Points: 
  • NEW YORK, March 31, 2022 /PRNewswire/ -- Algofi announced the launch of their Algorand Foundation Governance Vault on the Algorand blockchain.
  • With the Algofi Vault users can simultaneously participate in Algorand governance and Decentralized Finance (DeFi).
  • To participate in Algorand Governance, users will have to opt in via the Vault by April 14th, 12:00pm EST.
  • The Algofi vault will enable ALGOs committed to governance to be used as collateral for lending and borrowing, thereby unlocking $2.7B of liquidity for the Algorand DeFi ecosystem.

Algofi and Lofty Announce a First-of-its-Kind Partnership Enabling Anyone to Use Crypto As Collateral to Buy Fractional Ownership in Real Estate

Retrieved on: 
Wednesday, March 16, 2022

MIAMI, March 16, 2022 /PRNewswire/ -- Algofi and Lofty, two companies backed by the Y Combinator accelerator, have partnered to enable people to use $STBL, Algofi's stablecoin, as collateral to buy fractions of investment properties. $STBL is the first native stablecoin on the Algorand blockchain.

Key Points: 
  • Lofty is the largest tokenized real estate marketplace where you can invest in tokenized real estate for only $50 and sell anytime.
  • This is the first time in history that people can seamlessly use cryptocurrency as collateral to buy tokens that represent ownership in real investment properties.
  • With this exciting partnership, users will be able to leverage their cryptocurrency as collateral to invest in real estate offered by Lofty" - Owen Colegrove, Core Developer at Algofi.
  • "This partnership is huge for the entire crypto community because it's the first time in history that people can use crypto as collateral to buy real investment properties.

Algofi and Lofty Announce a First-of-its-Kind Partnership Enabling Anyone to Use Crypto As Collateral to Buy Fractional Ownership in Real Estate

Retrieved on: 
Wednesday, March 16, 2022

MIAMI, March 16, 2022 /PRNewswire/ -- Algofi and Lofty, two companies backed by the Y Combinator accelerator, have partnered to enable people to use $STBL, Algofi's stablecoin, as collateral to buy fractions of investment properties. $STBL is the first native stablecoin on the Algorand blockchain.

Key Points: 
  • Lofty is the largest tokenized real estate marketplace where you can invest in tokenized real estate for only $50 and sell anytime.
  • This is the first time in history that people can seamlessly use cryptocurrency as collateral to buy tokens that represent ownership in real investment properties.
  • With this exciting partnership, users will be able to leverage their cryptocurrency as collateral to invest in real estate offered by Lofty" - Owen Colegrove, Core Developer at Algofi.
  • "This partnership is huge for the entire crypto community because it's the first time in history that people can use crypto as collateral to buy real investment properties.

Liquidity Protocol Algofi Launches on Algorand, Offering a Lending Market, Stablecoin, and Liquidity Incentives

Retrieved on: 
Friday, December 17, 2021

NEW YORK, Dec. 17, 2021 /PRNewswire/ -- First previewed on TestNet earlier this fall, Algofi's simple-to-use platform is now live on Algorand, enabling everyone from crypto-native traders to less tech-savvy retail users to earn interest, access leverage, and borrow against their cryptocurrency assets. With this launch, Algofi will also mint the native protocol stablecoin, AlgoStable (STBL).

Key Points: 
  • With this launch, Algofi will also mint the native protocol stablecoin, AlgoStable (STBL).
  • "Algofi is bridging the gap by natively integrating a stablecoin with a lending protocol.
  • Each STBL that is released into circulation will be fully backed by user collateral, just like any loan issued by the Algofi protocol.
  • Algofi is a fast, low-cost crypto lending market and stablecoin on the Algorand blockchain that makes decentralized lending broadly accessible.

Liquidity Protocol Algofi Launches on Algorand, Offering a Lending Market, Stablecoin, and Liquidity Incentives

Retrieved on: 
Friday, December 17, 2021

NEW YORK, Dec. 17, 2021 /PRNewswire/ -- First previewed on TestNet earlier this fall, Algofi's simple-to-use platform is now live on Algorand, enabling everyone from crypto-native traders to less tech-savvy retail users to earn interest, access leverage, and borrow against their cryptocurrency assets. With this launch, Algofi will also mint the native protocol stablecoin, AlgoStable (STBL).

Key Points: 
  • With this launch, Algofi will also mint the native protocol stablecoin, AlgoStable (STBL).
  • "Algofi is bridging the gap by natively integrating a stablecoin with a lending protocol.
  • Each STBL that is released into circulation will be fully backed by user collateral, just like any loan issued by the Algofi protocol.
  • Algofi is a fast, low-cost crypto lending market and stablecoin on the Algorand blockchain that makes decentralized lending broadly accessible.