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

Compound Pauses YFI, ZRX, BAT and MKR Supply to Protect Against Potential Exploits

Attackers have recently been exploiting DeFi protocols by manipulating thinly traded tokens and eventually draining liquidity.

(Getty/Seksan Mongkhonkhamsao)

Finance

Digital Asset Data Provider Amberdata Acquires Crypto Analytics Company Genesis Volatility

The deal will allow Amberdata to expand its DeFi analytics offerings to institutional clients, which include Citi, Fidelity and Nasdaq.

Amber (Pixabay)

Finance

BNB Chain Introduces $10M Fund to Incentivize Project Growth on the Blockchain

The program will initially support 10 projects in the fourth quarter, with gas incentives up to 800 BNB a month in total.

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Tech

Polygon-Based DeFi Platform QuickSwap Closes Lending Service After Exploit

Over $220,00 in tokens was stolen on Monday with the use of a flash loan.

Attackers drained all liquidity from the affected QuickSwap pool. (Shutterstock)

Opinion

On-Chain Analysis: How to Effectively Manage DeFi Risks

On-chain analysis provides insights into protocol liquidity and security, and can help simplify complex investment decisions.

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Markets

MakerDAO Members Support Founder's 'Endgame' Plan to Break Up into MetaDAOs, $2.1B of Transfers

Community members will move ahead with founder Rune Christensen's ambitious plan to break up the protocol into MetaDAOs.

(Unsplash)

Opinion

Outsmart Yourself: Become a Better Crypto Trader by Avoiding the Top Cognitive Biases

The DeFi Edge runs down four of the most mental hang-ups affecting crypto traders.

(David Matos/Unsplash, modified by CoinDesk)

Markets

Crypto Staking Platform Freeway Halts Withdrawals, Citing Market Volatility

The small-cap platform that promised users up to 43% in annual awards puts the brakes on withdrawals and scrubs its team from the site.

Car crash narrow road wedged (Unsplash)

Policy

DeFi’s ‘Severe Threat’ Needs New Kind of Regulation, EU Commission Told

The EU executive is seeking academic input as it turns its attention to decentralized finance based on software protocols

The EU Commission, Parliament and Council are due to begin negotiations on the MiCA framework. (Daniel Day/Getty Images)