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.


Фінанси

All-In on DeFi: Why the Days of Centralized Exchanges Are Numbered

The CEO of Binance on why DeFi will come to dominate CeFi.

Binance CEO Changpeng Zhao

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Huobi Beefs Up Venture Arm With Former DragonFly Partner Leading DeFi Investments

Alex Pack from DragonFly will Join Huobi to help invest "tens of millions of dollars" in decentralized finance.

Alex Pack, a former managing partner at crypto investment firm Dragonfly Capital

Фінанси

The Graph Raises $12M in GRT Token Sale; Teases Mainnet Launch in 30-60 Days

Decentralized data-indexing protocol The Graph has raised $12 million in a public sale of its native GRT token.

The Graph co-founders, left to right: Jannis Pohlmann (tech lead), Brandon Ramirez (research lead), Yaniv Tal (project lead).

Фінанси

DefiDollar Raises $1.2M to Be the Risk-Insured Stablecoin Layer for DeFi

India-based DefiDollar has raised $1.2 million in a seed round led by Divergence Ventures, Standard Crypto and Accomplice.

dusan-veverkolog-mX2mdxhc0UM-unsplash

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Ethereum, Dark Forests and the Limits of Transparency

The crypto world eschewed trust in favor of transparency. But transparency doesn’t solve the problem of untrustworthiness in financial markets.

krystian-piatek-JUqXOPOYXEg-unsplash

Технології

This Paradigm-Backed Startup Is Offering DeFi's First 'T-Bill'

Newly launched DeFi lending project Yield Protocol is offering stable interest rates for investors.

A Treasury Bill

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First Mover: Bitcoin Surges to New 2020 High as Harvest Debacle Provides Costly DeFi Lesson

This week's $24M exploit of DeFi platform Harvest shows risks as real as rewards in open-beta crypto markets, where investor protection is minimal.

Innovation takes priority over investor protection in the anything-goes market of decentralized finance, or DeFi.

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Kraken CEO Jesse Powell Issues Tough Critique of 'Reckless' DeFi Launches

"Stop f**king up your bulls**t DeFi scams and expecting exchanges to bail you out," Powell said.

Kraken CEO Jesse Powell

Фінанси

Ocean v3 Brings Wave of Data Monetization Tools to Ethereum

A third version of Ocean Protocol has been released, fleshing out its vision for “datatokens” and decentralized data marketplaces.

Ocean, Surfers, Waves

Технології

Harvest Finance: $24M Attack Triggers $570M 'Bank Run' in Latest DeFi Exploit

Harvest Finance has seen its total value locked drop by more than $500 million in the 12 hours since being hit by a flash loan attack.

Customers outside the Berlin Stadtbank, waiting to withdraw their savings at the outbreak of World War I, August 1914.