when

Husky

Avalanche

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/corporate-investors-take-major-step-in-decentralized-finance-with-tokenized-avax-credit/" data-wpel-link="internal">Corporate Investors Take Major Step in Decentralized Finance with Tokenized AVAX Credit</a><br></p>
<p style="text-align: justify">Corporate investors have taken a significant step in the decentralized finance space by tokenizing a credit on the <a href="https://en.coin-turk.com/can-stars-arena-save-avalanche-avax-as-token-inflation-drags-it-below-10/" data-wpel-link="internal">Avalanche</a> <strong><a href="https://en.coin-turk.com/sharp-increase-in-avax-token-burn-rate-2/" data-wpel-link="internal">AVAX</a></strong> Blockchain. This development particularly points to an impressive move for AVAX’s practical application. On the other hand, the spread of this initiative led by AVAX could become more common.</p> 
<h2 style="text-align: justify" id="avax-credit">AVAX Credit</h2> 
<p style="text-align: justify">Venture capital powerhouse Electra, with assets exceeding 1 billion dollars under management, provided an unsecured AVAX credit to a leading proprietary trading firm with an impressive fourfold leverage, according to an intriguing announcement made on March 5. Facilitating this pioneering transaction, Trident Digital Group and Membrane Labs, along with developers, shed light on the complex process with the following statement:</p> 
<blockquote> 
 <p style="text-align: justify">“Trident successfully integrated with Wintermute as well as Cumberland’s OTC desk, ensuring smooth facilitation of liquidations when necessary. Comprehensive handling of credit reservation and management was skillfully managed through Membrane Labs’ advanced Credit Management System, while Trident led the first initiative in credit risk and liquidity management.”</p> 
</blockquote> 
<p style="text-align: justify">Anthony DeMartino, Co-Founder and CEO of Trident, emphasized the critical prerequisites for the success of their product:</p> 
<blockquote> 
 <p style="text-align: justify">“For our product’s development, we needed commercially viable conditions, real counterparties, and a token in high demand. While <a href="https://en.coin-turk.com/galaxy-digitals-bitcoin-investment-and-btc-price-analysis/" data-wpel-link="internal">BTC</a> and ETH continue to be accessible, our channel will prioritize lending especially to altcoins.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="cautious-statement-from-avalanche-developer">Cautious Statement from Avalanche Developer</h2> 
<p style="text-align: justify">John Wu, President of Avalanche developer <strong>Ava Labs</strong>, highlighted a cautious approach to unsecured lending or over-collateralized borrowing, especially following the collapse of Genesis Trading in 2022, shedding light on the prevailing market sentiment.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-315997 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Altcoin-Avalanche-AVAX.jpeg" alt="" width="1280" height="720"></p> 
<p style="text-align: justify">Despite these challenges, Wu remains optimistic and predicts that corporate investor interest will revive with the emergence of innovative tools designed to facilitate real-world asset tokenization. Particularly before the collapse of <strong>FTX</strong>, the crypto-focused credit market had reached an astonishing figure of 80 billion dollars.</p> 
<h2 style="text-align: justify" id="avalanche-ecosystem-makes-strides-in-various-sectors">Avalanche Ecosystem Makes Strides in Various Sectors</h2> 
<p style="text-align: justify">The <strong>Avalanche</strong> ecosystem continues to expand its horizon in various sectors, beyond revolutionizing lending practices. It is dedicating a significant 100 million dollar investment fund to meme coin culture initiatives, as well as strategic investments in <a href="https://coin-turk.com/opensea-artik-en-buyuk-degil-mi-nft-dunyasinda-yeni-bir-buyuk-bakin-openseayi-geride-birakan-kim-oldu" data-wpel-link="internal">NFTs</a>.</p> 
<p style="text-align: justify">Paps, CEO of Avalanche project Husky Avax, provided insights into Avalanche’s multifaceted approach:</p> 
<blockquote> 
 <p style="text-align: justify">“Observers outside the Avalanche field may have missed this, but our intense efforts over the last two years underscore our deep commitment to cultural investments.”</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/corporate-investors-take-major-step-in-decentralized-finance-with-tokenized-avax-credit/" data-wpel-link="internal">Corporate Investors Take Major Step in Decentralized Finance with Tokenized AVAX Credit</a></h5>

Corporate Investors Take Major Step in Decentralized Finance with Tokenized AVAX Credit

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