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.


Videos

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

Finanzen

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.

Ratgeber

What Is DeFi?

Decentralized finance (DeFi) applications aim to cut out the middlemen of our everyday finances.

(Pixabay)

Politik

Crypto Industry Battles to Exempt NFTs, DeFi From Tax Reporting Rules

The OECD is trying to introduce new rules to stop crypto from being used to stash assets out of sight of the taxman.

OECD members mapped out across the globe. (michal812/Getty images)

Kommentare

Martin Shkreli Is Back. He Loves Crypto

The flawed former hedge fund manager is looking to reinvent himself as a crypto entrepreneur. Buyer beware.

Martin Shkreli acknowledging the public. (Drew Angerer/Getty Images)

Märkte

Goldman Sachs Says DeFi’s Interconnections Can Increase Systemic Risk

Contagion risk related to UST’s depegging hit staked ether (stETH) because of Lido’s exposure to the Terra ecosystem, the bank said.

Yuri Turkov/Shutterstock

Märkte

Market Wrap: Cryptos Decline Amid Choppy Trading, DeFi Tokens Underperform

Aversion to risk remains as volatility returns to stocks and cryptos.

(Getty Images)

Märkte

No es solo LUNA: las aplicaciones DeFi de Terra han perdido $28.000 millones

Los inversores han abandonado en gran medida el ecosistema Terra, ahora evidente en los protocolos DeFi en la blockchain, y los analistas siguen siendo escépticos sobre sus perspectivas a largo plazo.

Moon (Ralph Mayhew/Unsplash)

Finanzen

DeFi Protocol iZUMi Finance Raises $30M, Launches Exchange

The funds were raised through the sale of bond vouchers and claims to back the new iZiSwap decentralized exchange.

CoinDesk placeholder image

Märkte

It’s Not Just LUNA. Terra’s DeFi Apps Have Hemorrhaged $28B

Investors have largely exited the Terra ecosystem – now evident in DeFi protocols on the blockchain – and analysts remain skeptical about its long-term prospects.

Moon (Ralph Mayhew/Unsplash)