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

New Cross-Chain Network Plans to Bring Bitcoin’s Liquidity to the DeFi Space

Kyber Network and Bancor Network have been integrated into a new platform that provides cross-chain liquidity for decentralized finance.

Galia Benartzi, co-founder of Bancor. Credit: Brady Dale for CoinDesk

Tech

Crypto Exchange Huobi's DeFi-Focused Blockchain Released in Public Beta

The exchange is eyeing use cases for its tech across areas such as tokenized asset issuance, payments, identity verification and lending.

Huobi

Tech

The DeFi 'Flash Loan' Attack That Changed Everything

Flash loan attacks are here to stay and are likely to get more serious. DeFi needs to adapt, says a leading crypto VC.

Supermassive Black Hole, By ESA/Hubble

Markets

The 3 Factors Fueling Ether’s 2020 Rally

Several factors could explain ether’s spectacular gains and determine whether they will continue.

Ether prices, Jan. 1, 2020 to Feb. 26, 2020.

Finance

Compound Extends DeFi Ethos to Itself, Launches Governance Token

DeFi platform Compound is launching the testnet of a new platform today for decentralizing the site's governance.

Credit: Shutterstock

Tech

Polkadot to Use Chainlink Oracles for Interoperability Network

Polkadot will be the first non-ethereum blockchain to integrate Chainlink.

Chainlink co-founder Sergey Nazarov

Tech

DeFi Insurance Firm Nexus Mutual Makes Its First Payout Following bZx Attacks

Nexus Mutual members voted to pay out two claims following the bZx flash loan attacks – a first for the DeFi insurance pioneer.

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Tech

Everything You Ever Wanted to Know About the DeFi 'Flash Loan' Attack

Here's a plain-English breakdown of the bZx attacks and their broader implications for the budding DeFi markets.

As the name implies, flash loans are paid back quickly – in the same transaction in which they are taken out. (Image via NASA)

Markets

Chainlink's Sergey Nazarov on What DeFi Can Learn From Early Exchange Hacks

A breakdown of the role of price oracles in the recent DeFi attacks, plus what DeFi can learn from early exchange hacks.

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Tech

Is It Exploitation Season for DeFi?

Are two recent attacks taking advantage of "flash loans," low liquidity and price oracle issues the first of more to come?

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