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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.
Forget Ethereum, DeFi Is Being Built on Bitcoin
Edan Yago looks to reclaim "decentralized finance" as Bitcoin's, not Ethereum's, turf.
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.
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.
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.
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.
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.
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.
RAC on DeFi and Yield Farming: ‘These Days It Feels Like a Full-Time Job’
RAC, the Grammy award winning artist and part-time yield farmer says that “these days it feels more like a full-time job.” RAC joins CoinDesk senior narkets reporter Daniel Cawrey to discuss a day in the life of a musician turned yield farmer during lockdowns, the end of DeFi and the future of NFTs.
First Mover: OKEx Private Key Snafu Sends Bitcoin Lower as China DeFi Rises
OKEx withdrawal suspension sends bitcoin lower, China becomes hotbed of DeFi development, Filecoin first-day trading leaves market cap above $800M.
DeFi Audit Firms Seeing 'Overwhelming Demand' Even Amid Token Price Slump
Overbooked audit firms are “rejecting” DeFi projects for code checks as the young sector wallows in its first bear market.
