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.
Binance Taps DeFi Excitement to 'Fuel' Expansion Strategy in India
Binance is looking to accelerate business development in India during the local 2020 bull run – with an acute focus on decentralized finance.
No Collateral Required: How Aave Brought Unsecured Borrowing to DeFi
Aave’s “credit delegation” service makes unsecured borrowing possible in DeFi for the first time. But it’s a long way from replacing your credit card.
Open-Source DeFi Data Platform DIA Raises $15M Through Token Sale
Marketed as an open-source data aggregator for DeFi markets, DIA announced on Friday that the $15 million were raised through selling the firm’s governance token.
First Mover: Wacky Bitcoin-to-DeFi Crypto Markets Might Be New Home of Capitalism
Cryptocurrency markets from bitcoin to DeFi might be full of rampant speculation, but they also might be keeping the fires of capitalism lit.
Market Wrap: Bitcoin Breaks $11.8K; BTC in DeFi Doubles in August
Bitcoin price is on the upswing as the amount of the world’s oldest cryptocurrency locked in DeFi jumps.
Binance Launches DeFi Staking With Cryptos Kava and Dai
Users of crypto exchange Binance can now earn interest on dai and Kava as the exchange's decentralized finance (DeFi) staking platform goes live.
It's Now Cheaper to Buy One Bitcoin Than to Buy a Single DeFi Token YFI
On a per-coin basis, YFI governance token from DeFi protocol yEarn now costs more than industry behemoth bitcoin.
Algorand's Move Into DeFi Gives ALGO Price a Boost
Markets have responded well to Algorand's plans to get in on the DeFi action. The native ALGO token has experienced a jump in price.
Algorand Readies On-Chain Smart Contracts as the Summer of DeFi Rolls On
The "stateful" smart contracts are a watershed for DeFi projects, Algorand claimed.
Ren Just Had a Great Week as Demand for Bitcoin on DeFi Rises
Prices for ren, the token for the RenVM DeFi network, experienced a great week, as the demand for bitcoin rises on DeFi.
