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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.
DeFi Project ArmorFi Awards $1.5M Bounty for Bug Alert That Potentially Saved Its Reserves
ArmorFi's CTO has also offered to get a tattoo chosen by the ethical hacker who found the bug.

Yearn Finance DAI Vault 'Has Suffered an Exploit'; $11M Drained
“Attacker got away with 2.8m, dai vault lost 11.1m,” a Yearn Finance developer posted in Discord.

Market Wrap: Bitcoin Drops to $36.3K as DeFi Jumps to $32B on Ether FOMO
The amount of crypto in USD values locked in decentralized finance has reached $32.8 billion, a new high.

$10M Fund From Cosmos-Based Terra Will Gladly Back DeFi Projects on Ethereum
The fund will pay for the one thing devs can't do internally: security audits.

What Is Uniswap? A Complete Beginner’s Guide
Uniswap is an automated ethereum-based crypto exchange with its own governance token, UNI.

Ethereum Transaction Fees Hit Record Highs as Ether, DeFi Coins Soar
The average Ethereum transaction fee has passed $20 for the first time.

Ether Soars to Another All-Time High, Carrying DeFi and Rival Coins With It
Investor excitement ahead of the CME's planned ether futures contract is one reason for the price push.

Yearn Finance Votes to Inflate YFI Token Supply by 20%
The vote to mint an additional 6,666 YFI in order to fund future development on the Yearn protocol has passed.

One Big Pool: Balancer's New Version Cuts Down Transactions and Gas Fees
Version 2 of the DeFi site also has an "asset manager" where idle funds earn yield.

DeFi Privacy Is Getting a Boost From Polkadot Parachain Manta Network
Manta Network will build MantaSwap now that it has closed a $1.1 million funding round.
