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

Market Wrap: Bitcoin Sticks Around $13K While Ether Locked in DeFi Dips

Bitcoin’s price continues its upward trend while ether holders withdraw crypto from DeFi.

CoinDesk 20 Bitcoin Price Index

Tech

Lossless Lottery PoolTogether Opens Up to More Coins, More Prizes

PoolTogether v3 will enable more ERC-20 tokens, more yield sources and more prize distribution schemes for the DeFi savings game.

The PoolTogether Team with IDEO CoLab's Tara Tan at the whiteboard.

Markets

Forget Ethereum, DeFi Is Being Built on Bitcoin

Edan Yago looks to reclaim "decentralized finance" as Bitcoin's, not Ethereum's, turf.

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Markets

Harvest Finance Doubles Total Value Locked to $704M in One Week

Harvest Finance’s dramatic growth took place during a time when enthusiasm around the DeFi space has slowly hit a wall.

Farmers harvesting, Ethnographic Museum in Avgorou, Cyprus.

Finance

USDC Is Coming to Solana Blockchain in Potential Boost for Non-Ethereum DeFi

USDC moves to Solana – its fourth blockchain – one week after also landing on Stellar.

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Markets

Tether Still Dominates Stablecoins, but USDC and Dai Are Winning DeFi

USDC and DAI seem to have found their niche as the preferred stablecoins in decentralized trades.

Circle CEO Jeremy Allaire.

Finance

With COMP Below $100, a Look Back at the 'DeFi Summer' It Sparked

Compound's governance token, COMP, fell below $100 early Tuesday. The DeFi token kicked off the yield farming craze way back in June.

DeFi Summer has cooled.

Tech

Uniswap's First Governance Vote Ends in Ironic Failure

The vote had been intended to decide whether or not to reduce the threshold required to make and pass proposals on the DeFi protocol.

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Videos

Binance’s CZ: Binance Smart Chain Is ‘Not Trying to Be the Ethereum Killer’

Binance CEO Changpeng “CZ” Zhao explains why the world’s largest cryptocurrency exchange is tapping into the decentralized finance (DeFi) trend with Binance Smart Chain. He also tells CoinDesk reporter Muyao Shen why he doesn’t view Ethereum as competition.

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