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.
Bridge Platform LayerZero Denies Allegations It Kept ‘Backdoor’ Secret
The allegations from the head of Nomad, a LayerZero competitor, come just before Uniswap votes on whether to partner with LayerZero.
DeFi Project Friktion’s Shutdown Said to Stem Partly From Founder Disagreement
The official reason given by Friktion officials for the shutdown was that costs outpaced revenue, creating challenging economics for the Solana-based project.
Fantom Blockchain to Release Version 2 of fUSD Stablecoin
The migration from version 1 will result in liquidations of any positions where fUSD debt is equal to or greater than the FTM backing it.
Floki Inu DAO Passes Proposal to Burn Over $100M Worth of Tokens
FLOKI's price has rallied more than 100% in the past week.
DeFi Lender Aave Deploys Version 3 on Ethereum Network
Aave v3 allows users to benefit from the highest borrowing power out of their collateral.
Polygon Derivatives DEX Gains Network Crosses $1.5B in Trading Volume on Arbitrum
Trading volumes on Gains Network deployed on Arbitrum reached $230 million in the past 24 hours alone, data shows.
Floki Inu Developers Float DAO Proposal to Burn $55M of Its Own Tokens
The proposal is part of a broader move towards positioning Floki Inu as a serious DeFi project, developers told CoinDesk.
Cardano DEXs Will Support Djed Stablecoin Liquidity Pools Starting Next Week
The issuance of Djed’s overcollateralized stablecoin has been a much-hyped topic in the Cardano community.
Web3 Loyalty Programs Are a Trojan Horse for Good Crypto Policy
Crypto's three pillars of ownership, control and interoperability are likely to resonate with policymakers the most, writes Josh Rosenblatt of Co:Create.
