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.


Learn

What Is Yearn? A Guide to the Gateway of Decentralized Finance

Yearn.Finance, a pioneer of decentralized finance, aims to be the “Amazon of DeFi” with automated investments and more than 20% yields. Here’s how it works.

(Chantal Garnier/Unsplash)

Finance

BitNile to Lend Up to $100M to Small Businesses Backed by Bitcoin

Loans will range from $1 million to $25 million and be offered to publicly traded companies with less than $250 million in market capitalization.

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Learn

What Is PancakeSwap? Here’s How to Start Using It

PancakeSwap is a quick and cheap decentralized exchange.

Pancakes (Mae Mu/Unsplash)

Finance

Near DeFi Project Bastion Reveals $9M Funding Round on Heels of BSTN Airdrop Plans

Investors include Three Arrows Capital, Jump Crypto, FTX Ventures and Jane Street.

Easter Island statue, used as an emoji by Bastion's community. (Thomas Griggs/Unsplash)

Finance

Bird, Ring Veterans Raise $5M for GameFi Lending Protocol

The Pantera-backed MetaLend lets users borrow while still earning money in games.

MetaLend founders Sudjeev Singh (left) and Nikhil Bhardwaj (right) (MetaLend)

Finance

DeFi Data Shop Nansen Makes First VC Investment in Gaming Analytics Firm ZeroDrop

Following a $75 million funding round of its own, it’s the first time Nansen has invested in an outside firm.

(Lorenzo Herrera/Unsplash)

Markets

0x Protocol's Token Surges Over 47% After Coinbase NFT partnership

A partnership between Coinbase NFT and 0x protocol has sent the ZRX token soaring, with a 47% rally over the past 24-hours.

0x protocol will partner with Coinbase NFT (Shutterstock)

Finance

Near-Based DeFi Protocol Bastion to Launch BSTN Token at a $180M Valuation

Bastion, the largest DeFi protocol on the Near blockchain, will be allocating 5 billion BSTN tokens, with trading set to begin just before midnight UTC on Thursday.

Bastion’s community emoji is an Easter Island statue. (Micheline Pelletier/Corbis via Getty Images)

Markets

Market Wrap: Bitcoin Fades From $42K, Alts Still Ahead as ApeCoin Pumps

BTC was roughly flat over the past 24 hours, compared with a 24% rally in APE.

Volatility fades. (meriç tuna/Unsplash)

Videos

MakerDAO Moves Toward Multi-Chain With StarkNet Bridge

Ethereum-based DeFi lending and stablecoin platform MakerDAO is bridging to an overall network called StarkNet as part of efforts to reduce transaction fees and gradually move toward a multi-chain future. “The Hash” group discusses the significant impact MakerDAO has had in the DeFi space and security concerns that might arise as projects like Maker undergo fast-paced development. 

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