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 Platform DeversiFi Raises $5M in Bid to Scale Trading on Ethereum

DeversiFi’s platform is intended to stop small and mid-size investors from being deterred by high gas fees on Ethereum.

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Videos

DeFi Dashboard Zapper Raises $15M to Create On-Platform App Store

In a star-studded funding round that included Mark Cuban and Ashton Kutcher, the DeFi service aggregator Zapper raised $15 million to develop an on-platform app store. “The Hash” panel breaks down how Zapper can make DeFi more user-friendly and attract new investors to the DeFi space.

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Finance

DeFi Dashboard Zapper Raises $15M to Build On-Platform App Store

Framework Ventures led the round with Mark Cuban and Ashton Kutcher also signing checks.

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Markets

bEarn Fi Loses $11M in Latest Exploit of a Binance Smart Chain DeFi Protocol

The cause of the attack is still under investigation.

A screenshot of bEarn Fi's official website.

Markets

Terra’s 25-Fold Price Jump This Year Shows Growing Bet on Algorithmic Stablecoins

The South Korean-based stablecoin platform Terra has seen its market capitalization overtake better-known decentralized rival Maker's.

Daniel Shin y Do Kwon, cofundadores de Terra. (Terraform Labs)

Finance

Cryptocurrency Custodian Anchorage Adds Five More DeFi Tokens

In a further sign of "institutional DeFi" momentum, the regulated custodian is adding 1INCH, BNT, CRV, REN and SUSHI.

Anchorage co-founder and CEO Nathan McCauley. (CoinDesk)

Markets

Decentralized Exchange Aggregator 1inch Network Expands to Polygon

The move will provide 1inch users access to liquidity sources on Polygon, like SushiSwap and Aave.

Left to right: 1inch co-founder Anton Bukov, co-founder Sergej Kunz and smart contract developer Mikhail Melnik.

Videos

JPMorgan and Other Banks Plan to Issue Credit Cards to People With No Credit

A pilot program launched by JPMorgan and several major banks will issue credit cards to people with no credit scores. Instead of credit scores, the U.S. banks will share other customer data, including bank statements and other banking habits. "The Hash" panel discusses how it's connected to crypto and how traditional finance is changing in response to DeFi.

Recent Videos

Finance

Hedge Fund Giants Millennium, Matrix and Point72 Standing Up DeFi Funds: Sources

DeFi is booming and institutions are edging towards it, trying to figure out how to get a slice of the alpha.

Israel "Izzy" Englander, chairman and chief executive officer of Millennium Management (left) and Steven A. Cohen, chairman and chief executive officer of Point72

Finance

Polkadot-Based Derivatives Exchange Raises $6.4M at $50M Valuation

Su Zhu’s Three Arrows co-led the funding round for dTrade. The project looks to decentralize crypto derivatives trading.

dTrade co-founders Niko Grzesiak, Rabeel Jawaid and Zabi Mohebzada