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.


Мнение

Celsius Looks Sloppy in New Lawsuit, but So Does the DeFi Legend Suing It

While underscoring Celsius’s disregard for risk and weak controls, KeyFi’s lawsuit also casts new, unflattering light on the crypto whale known as @0x_b1.

In a new dispute between Celsius and a trading partner, both parties seem to have helped fumble depositors' bags. (Getty Images)

Финансы

Aztec Launches DeFi Privacy Bridge Aztec Connect

The privacy solution, now on mainnet, allows users to interact with popular DeFi apps in a private way.

(Shutterstock)

Рынки

Celsius Network Pays Off Maker Loan, Freeing Up $440M of Collateral

The troubled crypto lender paid down the remaining $41 million of its debt on the DeFi platform.

Celsius CEO Alex Mashinsky (CoinDesk archives)

Финансы

Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of 'Lending Demand'

The venture capital-backed firm said the lack of “institutional fixed income DeFi adoption” drove its decision.

(Don Mason/Getty Images)

Рынки

Celsius Repays $183M on DeFi Protocol Maker, Gets Back Collateral, Blockchain Data Shows

The troubled crypto lender paid down $183 million of its debt to the decentralized lending protocol Maker, blockchain data shows, possibly in a bid to recover bitcoin-linked collateral that otherwise would remain trapped.

Celsius CEO Alex Mashinsky (CoinDesk archives)

Мнение

The Era of Easy DeFi Yields Is Over

Alpha in DeFi is about to get a lot scarcer (although still super attractive). Luckily, risk management will eventually get much simpler.

There's less juice to go around in DeFi now. Is it worth the squeeze? (j4p4n/OpenClipArt)

Политика

UK Government Seeks Views on DeFi Taxation

The deadline for submitting comments is Aug. 31.

The U.K. government is looking for comments on the taxation of DeFi. (Shutterstock)

Мнение

From One to Zero: BlockFi’s Fire Sale Shows the Uber Startup Model Is Disastrous for Finance

Peter Thiel’s monopolistic theories about building companies have clearly hit their limit: banking.

Subsidizing shadow-banking yields turns out to be a really, really bad idea. (Getty Images/wakila)