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.


Tech

DEX Aggregator CoW Swap Targets 33% Trading Boost With Collaboration Feature, More Rewards

The new system will let solvers work together to offer traders the best swaps.

Cows

Tech

The Protocol: Lido Avoids Major Hack

Also: Bitcoin DeFi Blossoms, Fusaka Planning Begins, and Telegram Cracks Down on Crypto Crime Marketplace

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Finance

Synthetix Considers Purchase of Options Platform Derive in $27M Token-Swap Deal

If approved, the uncommon token swap deal would reunite two previously split protocols as Synthetix expands its derivatives suite.

Two men shake hands, only their arms and hands are visible.

Finance

DeFi Savings Protocol Sky Slumps to $5M Loss as USDS Interest Payments Wipe Out Profit

The first-quarter loss is a stark turnaround from the previous quarter, when Sky registered a $31 million profit.

Rune Christensen

Finance

Morgan Stanley Crypto Chief Exits to Launch DeFi Fund in Switzerland: Bloomberg

Andrew Peel plans to start fundraising for the new venture soon, according to the story.

Morgan Stanley (Shutterstock)

Tech

Bitcoin DeFi Security Improves as Rootstock Boosts Hashrate Share

Rootstock is one of numerous projects looking to bring greater utility to Bitcoin by expanding the provision for DeFi with smart contracts.

Rootstock founder Sergio Demian Lerner gesticulates and wears a microphone headset. (Bradley Keoun)

Markets

DeFi Development Adds $11.2M in SOL, Bringing Holdings to More Than 400K Tokens

Formerly known as Janover, the company's SOL holdings are worth more than $57 million at current prices.

Solana portfolio shown on a laptop (Amjith S/Unsplash)

Finance

IntoTheBlock and Trident Merge With $25M Backing to Build Institutional DeFi Gateway

The newly formed Sentora aims to offer a compliant DeFi platform for sophisticated investors looking for yield, liquidity and risk management.

Anthony DeMartino, CEO of Sentora (Sentora)

Finance

Franklin Templeton Backs Bitcoin DeFi Push, Citing ‘New Utility’ for Investors

"I don’t think focusing on Bitcoin DeFi will dilute or complicate Bitcoin’s core narrative." Farrelly said.

CoinDesk

DeFi | CoinDesk