Ribbon Finance's unsecured loan products helped Folkvang and Wintermute borrow over $10 million

Chain Catcher news, the unsecured lending product Ribbon's Lend from the DeFi platform Ribbon Finance has allowed crypto companies Folkvang and Wintermute to borrow over $10 million. The protocol went live on Monday and currently allows users to deposit approximately $15 million worth of USDC. Ribbon's foray into unsecured lending may indicate that the industry, led by companies like Maple Finance, Clearpool, and TrueFi, is heating up. (Source link)