DeFi

DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.


CoinDesk Indices

Unlocking Private Credit’s Potential: How Tokenization Brings DeFi Innovation to Traditional Finance

DeFi’s ethos — permissionless access, composable assets and real-time settlements — are a perfect solution to private credit’s most significant pain points.

Subway pedestrians

Finance

LatAm Exchange TruBit Taps Crypto Lending Platform Morpho for DeFi Earn Offering

A better user experience can be created by having fintech at the front and DeFi at the back, also known as a “DeFi mullet.”


Finance

Abracadabra Drained of $13M in Exploit Targeting Cauldrons Tied to GMX Liquidity Tokens

The attack targeted pools tied to GMX liquidity tokens, specifically “cauldrons” using GM tokens as collateral.

Glasses in front of monitors with code (Kevin Ku/Unsplash)

Tech

Hyperliquid Eases Token Transfers for DeFi With Integration Between HyperCore and HyperEVM

Moving assets between blockchains or within their layer 2 services isn’t always seamless, but Hyperliquid’s update makes the process easy for users and developers.

Liquid.  (smoms_photography/Pixabay)

Tech

World Liberty Financial-Labeled Tokens Spark Speculation of Trump-Backed Project's Stablecoin Launch

The World Liberty Financial USD token was deployed on Ethereum and BNB Chain earlier this month, and addresses linked to Wintermute and BitGo interacted with the token.

Donald Trump (BarBus/Pixabay)

Finance

Blockdaemon Acquires DeFi Connectivity Firm Expand to Bring Institutions to Web3

expand.network provides API access to DeFi, enabling connections to over 170 endpoints, including DEXs, bridges, lending protocols and oracles.

CEO Konstantin Richter (Blockdaemon)

Finance

Stablecoin Protocol Level Aims to Expand $80M DeFi Yield Token With Fresh Capital Raise

The protocol's lvlUSD stablecoin hit $80 million market capitalization since its beta launch and outperformed rival yield-generating stablecoins, founders told CoinDesk in an interview.


Policy

Crypto's DeFi Education Fund Swaps Directors as Miller Whitehouse-Levine Moves On

The advocacy group's chief legal officer, Amanda Tuminelli, will be the new executive director as her predecessor take a board role.

Amanda Tuminelli, new executive director of DeFi Education Fund

Tech

Binance Labs-Backed Network Hemi Debuts $440M Mainnet to 'Unify' Bitcoin, Ethereum

Hemi Labs has signed up dozens of protocols, including decentralized exchange (DEX) Sushi, liquid staking token pumpBTC and oracles RedStone and Pyth.

Photo of Jeff Garzik, co-founder of Hemi Labs