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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.
Crypto White Hat Platform Immunefi Banned 15 ChatGPT-Generated Bug Reports. Here's Why
Bug reports are “really an art,” an Immunefi developer told CoinDesk.
DeFi Protocol Sushi Lays Out 2023 Plans With Focus on DEX and User Experience
Sushi will release a DEX aggregation router in the first quarter of 2023, the protocol's CEO said.
Hackers Moved Funds Tied to $100M Harmony Exploit Over the Weekend: Report
Pseudonymous blockchain sleuth ZachXBT said a part of the funds tied to last year’s $100 million Harmony network attack worth $63.5 million (~41,000 ETH) was moved over the weekend. North Korea’s Lazarus Group was likely behind the hack, according to an analysis by blockchain research firm Elliptic. "The Hash" panel discusses the latest in the world of crypto crime and private DeFi.
DeFi Protocol Frontier Brings In-Browser Wallet Support for Aptos, Sui and 33 Additional Blockchains
The feature allows users to stake tokens, transfer NFTs and conduct transactions with an in-browser wallet application.
North Korean Hacking Group Tied to $100M Harmony Hack Moves 41,000 Ether Over Weekend
Crypto exchange Huobi blocked funds tied to hack on Monday morning.
Bernstein Expects Crypto Revenue to Jump to Around $400B by 2033
The broker expects on-chain revenue to grow to about half of total cryptocurrency revenue from around 15% today.
Justice Department Probing Saber Labs Founders Over Solana-Based Projects: Sources
The investigation follows a CoinDesk exposé that showed Ian and Dylan Macalinao used a web of 11 pseudonymous identities to build an ecosystem of interlocking financial products around Saber.
Cosmos-Based DeFi Protocol Quasar Raises $5.4M
Venture capital firm Shima Capital led the round at a $70 million valuation.
DeFi Protocol Ondo Finance Sets Up Tokenized Corporate Bonds With Over 8% Yield on Stablecoins
The on-chain funds are directly invested in exchange-traded funds managed by BlackRock and Pimco.
Is 'White Hat' Hacking Good For DeFi Protocols?
Pacific Street Managing Director Gareth Rhodes weighs in on whether hacks are beneficial to DeFi protocols, following the arrest of Mango Markets exploiter Avraham Eisenberg. "If they don't manage to find the weaknesses, North Korea will," he said.