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.


Juridique

DeFi Ledgers Can Help Regulators Oversee Sector, BIS Official Says

A new BIS working paper makes a case for "embedded supervision" that argues regulatory oversight can be built into seemingly untamable decentralized finance systems.

Raphael Auer, head of the BIS Innovation Hub's Eurosystem Centre, argues that "embedded supervision" can change the game for DeFi regulation. (BIS)

Analyses

Why You Should Consider Pooling Support Behind DeFi’s PoolTogether

A class-action suit winding through New York’s court system is frivolous and counters crypto’s core principles.

(Raphaël Biscaldi/Unsplash)

Finance

CoinShares' Losses From Terra's Slide Hit $21.4M

Liquidating the digital asset firm's position was a "humbling lesson," the CEO said.

Saint Helier, Jersey. (falco/Pixabay)

Finance

Fireblocks Hires Former Bank of England Fintech Chief to Lead CBDC Efforts

Varun Paul will also engage with market infrastructure bodies to explore the benefits of supporting digital assets and participating in DeFi.

Fireblocks sign at Miami airport during Bitcoin Miami conference 2022 (Danny Nelson/CoinDesk)

Finance

Kava Onboards Sushi With $14M in Developer Incentive Funding

The integration will allow Sushi users and developers to have seamless access to the entire $300 billion market value of Ethereum and Cosmos from a single network.

A kava farm (Scot NElson/Flickr/Wikimedia Commons)

Finance

Siam Commercial Bank Is Chasing DeFi Yield Through Compound

The bank’s venture arm, SCB 10X, is using Compound Treasury’s 4% yield service via the Fireblocks custody platform.

Bangkok, Thailand (Noom HH/Getty Images)

Technologies

New Terra Blockchain Launch Expected Saturday, With LUNA Airdrop to Follow

The move is part of a broader plan to help revive the Terra ecosystem and its related tokens.

Moon (Ralph Mayhew/Unsplash)

Vidéos

State of DeFi: Should Chainlink Oracles Be of Concern?

As the collapse of Terra's ecosystem poses contagion risks across DeFi land, "Proof of Decentralization" Podcast Host Chris Blec unpacks the vulnerabilities and potential consequences of Chainlink oracles relying on multisig and how it could bring down all of DeFi. "This is an intentional point of control that the Chainlink team chose to keep in the protocol," Blec said.

Recent Videos

Vidéos

Former Binance Exec on Spurring Crypto Adoption in Emerging Markets

Two former executives of Binance have created a $100 million venture fund with a focus on metaverse and crypto adoption in emerging markets.

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Finance

DeFi Trading Hub Uniswap Surpasses $1T in Lifetime Volume

Although traders still tend to favor centralized exchanges, the DEX is continuing to expand across Web 3.

DeFiance Capital's Arthur Cheong is raising a new liquid venture capital fund.