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.


Finance

Aoki, Alameda Back Algorithmic Stablecoin on Arbitrum at $200M Valuation

Sperax said its USDs stablecoin will generate yield from users’ collateral.

Algorithmic stablecoins seek balance through unconventional means. (eswaran arulkumar/Unsplash)

Layer 2

How Ethereum Will Be Transformed in 2022

Here are five of the top changes to expect with Ethereum’s impending transition to proof-of-stake.

(MirageC/Moment/Getty Images)

Markets

Fantom Surges in Latest Layer 1 Bet

The rise comes even as the broader crypto market declines.

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Finance

OpenDAO’s SOS Token Hits $250M Market Cap Despite Unclear Goals, Security Risks

Airdrops can kickstart a community, but that doesn’t mean they have staying power.

(Kamil Pietrzak/Unsplash)

Finance

DeFi Portfolio Tracking Firm DeBank Raises $25M in Round Led by Sequoia China

The latest funding brings DeBank’s valuation to $200 million, according to the firm.

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Markets

DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap

The coin has surpassed Binance Smart Chain in total value locked amid rapid DeFi growth.

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Markets

Cardano, Polkadot Jump as Bitcoin Holds Above $50K

Major cryptocurrencies including bitcoin and ether regained price levels from Friday after seeing a slight dip over an otherwise quiet Christmas weekend.

Price chart for Cardano's ADA token over past month. (CoinDesk)

Tech

Cardano Founder Charles Hoskinson Lays Out 2022 Plans

Hoskinson said the creation of a formal open-source project structure for Cardano is on the cards, among other developments.

Charles Hoskinson, CEO and founder of IOHK, the lead developer of Cardano.

Opinion

10 2022 Predictions From PwC’s Henri Arslanian

El Salvador. The metaverse. Web 3 catalysts. Ethereum’s future.

(Arthur Chauvineau/Unsplash)

Markets

DeFi Value on Terra Surges to Record $21B as LUNA Tops $100

Thursday’s dip to $85 for LUNA tokens was erased overnight.

(Annie Spratt/Unsplash)