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.


Vídeos

Justin Sun Says He's 'Excited' to Assist Curve; DeSantis Accuses Biden of 'War on Bitcoin'

"CoinDesk Daily" breaks down some of the top headlines from the world of crypto, including Justin Sun's efforts to help DeFi giant Curve after a recent exploit. There could be a path forward to reboot FTX, but the revamped exchange would only be available to offshore customers. And, a closer look at what Presidential candidate Ron DeSantis is promising for the future of crypto, if he wins the race to the White House.

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Opinião

DeFi morreu e nós T percebemos

O comportamento do fundador da Curve, Michael Egorov, é um alerta para todos e uma prova de que o DeFi T é tão diferente das Finanças tradicionais.

Curve founder Michael Egorov was liquidated, again. (Michael Egorov, modified by CoinDesk)

Opinião

DeFi morreu e T percebemos

O comportamento do fundador da Curve, Michael Egorov, é um alerta a todos e uma prova de que o DeFi T é tão diferente das Finanças tradicionais.

Curve founder Michael Egorov was liquidated, again. (Michael Egorov, modified by CoinDesk)

Vídeos

Curve Finance Exploit Puts $168M Lending Position Held by Founder at Greater Risk of Liquidation

Curve Finance's token (CRV) has fallen over 20% in the past three days, after the stablecoin exchange at the heart of DeFi on Ethereum fell victim to an exploit. BlockSec co-founder Yajin "Andy" Zhou breaks down the details what happened as Tron founder Justin Sun and others step in to help.

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Vídeos

Curve Finance Exploit Puts More Than $100M Worth of Crypto at Risk

Upwards of $100 million worth of cryptocurrency is at risk due to a “re-entrancy” bug in Vyper, a programming language used to power parts of the Curve system. "The Hash" weighs in on the state of smart contracts and risk management in decentralized finance (DeFi).

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Vídeos

Ava Labs President on Curve Finance Exploit, Future of Asset Tokenization

Ava Labs president John Wu joins "First Mover" to discuss Avalanche Vista, a $50M initiative for purchasing tokenized assets minted on the Avalanche blockchain, along with the opportunities and challenges of asset tokenization. Plus, his reactions to the Curve Finance exploit, Ripple's partial win against the SEC and outlook for the metaverse.

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Vídeos

Ava Labs President: Curve Finance Exploit 'Highlights the Need for Better Security Audits' in DeFi

Ava Labs president John Wu reflects on Curve, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, becoming the latest victim of an exploit. Wu notes it's another unfortunate setback for the space and highlights the need for better security audits in the space. "Hopefully, one day, maybe even artificial intelligence can be used to more efficiently review their contracts and make it more secure," Wu added.

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Vídeos

Parrot Finance Starting PRT Token Buyback Next Week

DeFi protocol Parrot Finance is moving forward with an activist investor-led plan to phase out its governance token (PRT) and will begin redemptions on Monday. Parrot’s redemption program comes two years into the project’s unremarkable run on the Solana blockchain, where it has failed to catch fire despite raising over $90 million from investors. "The Hash" panel discusses what this suggests about the fate of the Parrot protocol and the state of DeFi at large.

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Vídeos

DeFi Daily Volume Dwindles to 7-Month Lows as Sector Endures Downswing

On Sunday, the entire DeFi market racked up just $1.12 billion in transactional volume, marking the lowest daily total since January 1, according to DefiLlama. "The Hash" panel discusses what this suggests about the future of open finance.

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Several Top DeFi Assets Moved Higher This Week Despite Pullback Across Broader Market: CMI Data

CoinDesk Market Index data reveals the broad market index moved lower this week, as only 25 of 183 assets returned positively, with 52 outperforming bitcoin. This comes as several top DeFi assets have moved higher during the same time period, despite the pullback across the broad market. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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