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.


Tech

DeFi's 'Agricultural Revolution' Has Ethereum Users Turning to Decentralized Exchanges

Decentralized exchanges are seeing more action than ever thanks to a surge in decentralized finance activity.

(Public Domain/Metropolitan Museum of Art)

Tech

Blockchain Project Kyber Unveils Date for Planned ‘Katalyst’ Protocol Upgrade

The protocol upgrade includes changes to staking and governance.

(Olga Miltsova/Shutterstock)

Markets

Hacker Drains $500K From DeFi Liquidity Provider Balancer

The sophisticated attack exploited a loophole that tricked the protocol into releasing $500,000 worth of tokens.

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Markets

DeFi Platform Opyn Launches Put Options on Compound Token

Decentralized options marketplace Opyn has launched put options on COMP that will provide a safety net of sorts should COMP’s fortunes take a turn for the worse.

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Tech

Trio of Bitcoin Tokens Lures DeFi Yield Farmers to New Pastures

A pool of sBTC, renBTC and WBTC is helping Synthetix draw the attention of DeFi's growing horde of yield farmers.

(Lubo Ivanko/Shutterstock)

Markets

Market Wrap: Bitcoin Tests $9K as Market Struggles With Uncertainty

After a quick dip in the crypto market, bitcoin is holding steady amid precariousness in the options market and the greater economic picture.

Source: CoinDesk Bitcoin Price Index

Tech

Some Numbers That Show Why Yield Farming COMP Is So Seductive

COMP has created a sudden craze for "yield farming." Here are three scenarios illustrating the risks and rewards of DeFi's latest trend.

an honest yield farmer

Finance

This Startup Is Forking Compound to Make Hiring More Efficient

Braintrust launched out of stealth mode Wednesday, backed by a $6 million seed round featuring True Ventures, Homebrew Ventures, Uprising Ventures, Galaxy Digital, IDEO CoLab, Kindred Ventures and Vy Capital.

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Markets

Market Wrap: Bitcoin Trading Flat, Holding at $9.6K

Trading volume in the crypto market weakened Tuesday but bitcoin is still holding strong from a recent rally.

Source: CoinDesk Bitcoin Price Index

Tech

Following COMP's Surge, DeFi Platform Balancer Begins Distribution of BAL Tokens

Balancer Labs, the maker of an automated portfolio management tool, has confirmed to CoinDesk it has begun distribution of its BAL token.

(Niroworld/Shutterstock)