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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.
The Credit Crunch Is Not the End of Crypto Lending
It is a mistake to view bitcoin’s success as a trade-off against the creation of credit. Its future depends on it, says our columnist, a partner at Castle Island Ventures.
THORChain Phases Out Support for Rune Tokens on Ethereum, BNB Chain
The move comes weeks after THORChain’s native blockchain went live on seven supported networks.
CeFi Broke. But DeFi Is Not Without Blame
It’s dangerous to simply throw all the blame for the current round of market mayhem at centralized lenders. Work is needed to bring security and stability to DeFi, says CoinDesk's chief content officer.
First Mover Americas: BTC Nears $21K but DeFi Tokens Steal the Show
The latest price moves in crypto markets in context for July 15, 2022.
DeFiance Capital Has Been 'Materially Affected' by Three Arrows Liquidation
The firm's CEO has said he is committed to recovering all assets that may have been affected.
DeFi Coins Outperform Bitcoin, Ether as Traders Pare Bets on Jumbo Fed Rate Hike
The outperformance of the DeFi coins could be fleeting, given the weak fundamentals.
Celsius Pays Off Last DeFi Loan, Reclaims Nearly $200M of Wrapped Bitcoin From Compound
The troubled crypto lender previously paid off loans from Aave and Maker.
Celsius Pays Off Aave Loan, Moves $418M 'stETH' Stack to Unknown Wallet
The liquidity-stricken crypto lender fully paid off its debt to the decentralized finance protocol, freeing $26 million in tokens as part of its latest debt restructuring maneuver.
A16z, Variant Lead $18M Round for Lending Protocol Morpho Labs
The protocol enhances existing lending protocols such as Compound and Aave with peer-to-peer liquidity.
Celsius Reclaims $410M of 'stETH' Tokens After Paying Down $81M Debt to Aave
The embattled crypto lender Celsius is inching closer to fully paying off its loans from decentralized finance protocols, reducing its outstanding debt to $59 million.
