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

Can Bug Bounties Help DeFi Projects Avoid Security Breaches?

Several DeFi projects, including C.R.E.A.M. Finance, have battled security breaches and exploits, raising questions about whether DeFi is mature enough to go mainstream. C.R.E.A.M.'s co-founder Leo Cheng joins "First Mover" to discuss how his sector seeks to improve security, including the launch of a $1.5 million bug bounty program.

Recent Videos

Finance

Team Behind Argo Blockchain Launches London-Listed DeFi Fund

Dispersion Holdings lists on Aquis Stock Exchange Growth Market using an auspicious ticker symbol: DEFI.

London

Markets

DeFi Is Now a $100B Sector

...by at least two measures, that is. Decentralized finance users probably top 1 million.

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Tech

Hashflow, DeFi's 'Un-Automated' Market Maker, Launches With $3.2M in Funding

The project looks to combine the best of DeFi DEXs with the efficiencies of working with a professional trading desk.

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Finance

Notional Raises $10M to Grow DeFi Lending Protocol With ‘Real World’ Potential

The Ethereum-based lending startup is seeing users take out crypto loans for more than just yield farming.

Jeff Wu (left) and Teddy Woodward (right), co-founders of Notional Finance

Markets

Market Wrap: Bitcoin Stays Near $55K as Ether Hits Brand-New Record Price

Bitcoin’s stagnant market is due to investors continuing to explore other cryptocurrencies, says one trader.

CoinDesk XBX Index

Finance

Polygon Launches $100M Fund to Support DeFi Adoption

The Ethereum scaling project says its #DeFiforAll Fund aims to onboard "the next million users" to decentralized finance.

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Markets

Serum Token Becomes Latest Project in Bankman-Fried Empire to Turn Heads

FTX-backed serum has surged to an all-time high price.

FTX CEO Sam Bankman-Fried

Finance

Bumper, a DeFi-Based Crypto Volatility Protection Plan, Raises $10M

The project shields users from crypto’s dips. Under the hood, it’s all about DeFi.

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Finance

'AWS for Blockchains' Alchemy Closes $80M Funding Round at $505M Valuation

Alchemy powers most of DeFi and almost all the big NFT platforms. The round was co-led by Coatue Management.

Left to right: Joe Lau, Alchemy co-founder, and chief technology officer; Nikil Viswanathan, Alchemy co-founder and CEO; John Hennessy, Google chairman and Alchemy investor