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.


Markets

DeFi Exchange PancakeSwap's Token Jumps 15% Amid Burn Event

Today's jump in value represents the highest single daily gain for PancakeSwap's token since June 23.

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Markets

EY Releases Zero-Knowledge Layer to Tackle Increasing Ethereum Costs

The tool was built to address network congestion and rising transaction costs brought about by the growth of decentralized finance (DeFi).

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Markets

DeFi Protocol Tranchess Raises $1.5M in Seed Round Led by Three Arrows, Spartan

Money raised will go toward furthering the project's expansion while completing the development of its DAO.

Chess

Finance

Aave, Fireblocks and Galaxy Explore Next Steps Toward Permissioned DeFi

The whitelisting and blacklisting of DeFi participants will make life easier for institutions, but potentially at a cost.

Stani Kulechov, founder and CEO of Aave, speaks at Consensus 2019.

Finance

BaFin-Licensed DeFi Firm Swarm Starts Onboarding $15M of Pledged Liquidity

Swarm Markets, which claims to be the world’s first regulated DeFi protocol, says 250 customers have ponied up funds.

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Markets

Cream Finance Announces Integration With Polygon

Cream’s users will be able to lend and borrow supported assets.

The Polygon team

Markets

CEO Brian Armstrong Flags Self-Custody, DeFi Access as Coinbase Priorities

He said the exchange will be adding assets more quickly and creating a crypto app store, among other steps.

Coinbase CEO Brian Armstrong

Videos

Is a Regulatory Crackdown on DeFi Approaching?

Tegan Kline, the co-founder of Edge and Node, a software development firm dedicated to building “the Google of the decentralized web,” explores the possible outcomes of regulators beginning to grapple with decentralized finance (DeFi). She also connects the dots between indexing protocol The Graph and the world of DeFi.

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Finance

Coinbase Debuts Savings Product With 4% APY on USDC Deposits

The crypto exchange is touting far higher yields than what traditional savings accounts can offer.

Coinbase, Nasdaq, direct listing

Finance

DeFi Meets AI: Fetch.ai Launches ‘Intelligent Automation’ for Uniswap V2 and PancakeSwap

Users will be able to create up to five “DeFi Agents” with stop-loss triggers.

kid, fork