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.
DeFi Exchange mStable Mulls Over Acquisition, Merger Offers
MStable’s community will vote this month on whether to accept one of the offers or sunset its struggling stablecoin investments service.
Ribbon Finance’s Native Token RBN Surges 19% Amid Options Platform Release
The token was trading at 25 cents ahead of the launch of Ribbon’s on-chain options exchange, Aevo.
Uniswap Version 3 Goes Live on BNB Chain
Over 66% of voters supported the deployment in a governance vote held in February.
U.S. Treasury Close to Releasing Report on Use of DeFi in Illicit Finance
The U.S. Treasury Department is close to releasing a risk assessment analyzing criminal use of decentralized finance (DeFi), according to Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De weighs in on the latest developments.
DeFi-Focused Asset Manager MEV Capital Offers Uniswap Hedging Strategy
The firm uses options contracts issued by crypto derivatives specialist OrBit Markets to hedge liquidity providers’ positions.
Euler Finance to Offer $1M Reward as It Reels From Nearly $200M Exploit
Euler has sent multiple on-chain messages to the attacker in the past 48 hours.
Over $2B in USDC Stablecoin Burnt in Single Day, Data Shows
USD coin holders are not rushing back to the token just yet.
U.S. Treasury Poised to Release View on How DeFi Used in Illicit Finance
The department has reviewed decentralized finance’s role in such incidents as North Korean ransomware attacks, and will issue a risk assessment, a senior official said.
Dogecoin Network's Patched Bug Is Still Present in 280 Blockchains, Blockchain Security Firm Says
The bug pertains to the way peer-to-peer communications are conducted on blockchain networks such as Litecoin and Zcash.
DeFi Privacy Bridge Aztec Connect Sunsets After Less Than a Year
The backing Aztec Network is open sourcing the bridge and moving on to next-generation products.
