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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.
1inch Raises $12M to Keep Up With DeFi's Growing Crop of DEX Aggregators
Decentralized exchange (DEX) aggregator 1inch has closed a $12 million funding round led by Pantera Capital.
Yearn Finance Set to Gobble Up SushiSwap for Its Fifth DeFi Merger
Yearn Finance is eyeing yet another merger – only this time, the candidate, SushiSwap, has a larger market size than Yearn itself.
'Basis Cash' Launch Brings Defunct Stablecoin Into the DeFi Era
With Basis Cash, a team of anonymous developers is making what might be called a fork of a project that never launched.
Yearn Merges With Cover, DeFi Protocol's 4th Deal in a Week
Yearn is "joining forces" with market coverage provider Cover, capping a busy week in DeFi.
Crypto Custodian Copper Aims to Bridge Gap Between DeFi and Traditional Finance With New Tool
The new tool, CopperConnect, covers the "DeFi lifecycle" as an asset moves from custody to smart contract and back.
Yearning for Pickle? Two DeFi Protocols Merge
Pickle Finance was recently hit by an exploit in which $19.7 million in DAI was lost.
DeFi Protocol Pickle Finance Token Loses Almost Half Its Value After $19.7M Hack
Popular decentralized finance protocol Pickle Finance was hacked on Saturday, draining $19.7 million in DAI.
Market Wrap: Bitcoin Hits $18.8K as Total Crypto Locked in DeFi Passes $14B
Bitcoin is testing $19,000 as DeFi hits another milestone in total crypto locked.
Market Wrap: Bitcoin Hangs Around $18K While Ether Locked in DeFi Declines
Bitcoin’s price pulled off the bull road for a rest stop Thursday while ether holders pull out of DeFi.
Open Finance Is Better Than Broken Finance
Traditional financial services fail to meet the core needs of a global economy. DeFi is not perfect but it's for everyone.
