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.


Finance

DeFi Platform RedStone Raises Nearly $7M to Improve Connectivity Between Blockchains, Real-World Data

The company's new product suite aims to make interoperability between blockchains and external data sources faster and more affordable. 

THORSwap has extended its product offering. (Akinori UEMURA/Unsplash)

Finance

FBI Asks DeFi Platforms to Increase Security Measures, Warns Crypto Investors Against Vulnerabilities

The warning comes after a slew of DeFi hacks this year, which has led to investors losing billions of dollars worth of crypto.

The FBI has warned investors against the vulnerabilities in DeFi platforms. (Shutterstock)

Policy

Brazil’s Largest Private Bank, Itaú, Selected by Central Bank to Develop a DeFi Liquidity Pool

The Banco Central do Brasil chose seven other projects as part of the Financial and Technological Innovation and Technology Laboratory.

Edificio del Banco Central de Brasil. (Credit: Shutterstock/Alf Ribeiro)

Finance

The Merge May Negatively Impact DeFi Protocols, Stablecoins: Report

The transition to proof-of-stake could decrease stablecoin values and shrink lending pools, according to DappRadar. 

The upcoming Merge comes with some risks, says DappRadar. (ryasick/Getty Images)

Tech

DeFi Platform Synthetix's Founder Proposes Capping Token Supply at 300M; Here’s Why

The inflationary model helped bootstrap the Synthetix ecosystem and was no longer needed, founder Kain Warwick explained.

The founder of popular decentralized finance (DeFi) platform Synthetix has proposed capping the supply of the native SNX tokens to 300 million. (Vicky Sim/Unsplash)

Tech

Compound's Upgraded DeFi Lending Platform Targets Security, Scalability

Compound version 3 limits the protocol’s supported tokens and introduces governance changes.

Compound's DeFi protocol is getting an upgrade. (PixxelTeufel/Pixabay, modified by CoinDesk)

Tech

Decentralized Exchange THORSwap to Support Cross-Chain Swaps for Over 4,300 Ethereum-Based Tokens

Starting Thursday, users are able to swap supported ERC-20 tokens across eight blockchains in a single transaction.

THORSwap has extended its product offering. (Akinori UEMURA/Unsplash)

Videos

Uniswap Community Creates Foundation to Support Open-Source Development

Community members of decentralized exchange Uniswap have voted to create the Uniswap Foundation, an organization aiming to support open-source development and community governance within the protocol. “The Hash” panel discusses the implications for the Uniswap ecosystem, Ethereum, and the state of DeFi.

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Tech

Tron Consumes 99.9% Less Power Than Bitcoin and Ethereum, Crypto Researcher Says

The network consumed power equivalent to 15 U.S. households in a year, the report said.

(David McNew/Getty Images)