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

Decentralized Exchange MM.Finance Suffers $2M Exploit

MM.Finance has said that it will compensate and reimburse impacted users.

Inverse Finance developers paused borrowing functions for users and said they were investigating the incident. (Shutterstock)

Videos

Terra to Provide UST Liquidity on Polygon-Based SynFutures

Terra will provide liquidity for TerraUSD (UST) trade pairs on Polygon-based decentralized finance (DeFi) exchange SynFutures as the stablecoin continues to grow in popularity. “The Hash” group discusses the Luna Foundation Guard’s (LFG) bitcoin acquisitions to back the digital asset and Terra’s efforts to build cultural bridges with external ecosystems like Avalanche. 

Recent Videos

Finance

Lido Briefly Becomes Top DeFi Protocol by TVL With $20B Staked

The DeFi protocol overtook Curve before falling back into second place.

(Shutterstock)

Markets

Terra to Provide UST Liquidity on Polygon-Based SynFutures

SynFutures processed over $266 million in trades over the past week.

Diem stablecoin pilot

Videos

Touzi Capital CEO on BTC Mining, DeFi Yields, Environmental Concerns

Touzi Capital Founder & CEO Eng Taing discusses retail bitcoin mining, sharing insights into his company’s work with Compass Mining. Taing explains the energy efficiency of new mining technology, his investment strategy in decentralized finance (DeFi) and the crypto mining landscape in other countries like Venezuela. Plus, a conversation on the environmental concerns of proof-of-work mining. 

Recent Videos

Videos

From TradFi to DeFi: Jane Street Takes Out $25M USDC Loan

Wall Street trading firm Jane Street made its first stride into decentralized finance (DeFi) by taking out a $25 million loan in USDC from BlockTower Capital via the marketplace Clearpool. “The Hash” group discusses the early stages of Wall Street’s embracement of DeFi, touching on yields and regulatory concerns as institutional players enter the space.

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Videos

How the SEC Plans to Ramp Up its Anti-Crypto Scam Efforts

The U.S. Securities and Exchange Commission (SEC) is hiring 20 new enforcement staff for a unit that protects investors from crypto scams, focusing on NFTs, decentralized finance (DeFi) and coin offerings. “The Hash” group discusses how added personnel could diversify perspective within the SEC and the downfalls of “regulation by enforcement.”

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Finance

Jane Street Dives Into DeFi With $25M USDC Loan

The Wall Street trading firm made its first DeFi investment last month, backing decentralized lending protocol Bastion.

Wall Street trading firm Jane Street takes $25 million USDC loan. (aditya1702/Unsplash)

Finance

OpenSea and Circle Back $6M Raise for DAO Platform Syndicate

Nearly 1,200 investment clubs have launched on Syndicate since the platform went live at the end of January.

An illustration of Syndicate's early backers (Syndicate)