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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.
Stablecoin Protocol Level Aims to Expand $80M DeFi Yield Token With Fresh Capital Raise
The protocol's lvlUSD stablecoin hit $80 million market capitalization since its beta launch and outperformed rival yield-generating stablecoins, founders told CoinDesk in an interview.
Crypto's DeFi Education Fund Swaps Directors as Miller Whitehouse-Levine Moves On
The advocacy group's chief legal officer, Amanda Tuminelli, will be the new executive director as her predecessor take a board role.
Binance Labs-Backed Network Hemi Debuts $440M Mainnet to 'Unify' Bitcoin, Ethereum
Hemi Labs has signed up dozens of protocols, including decentralized exchange (DEX) Sushi, liquid staking token pumpBTC and oracles RedStone and Pyth.
U.S. House Votes to Overturn IRS DeFi Broker Rule
The IRS broker rule would have been impossible to comply with for DeFi entities, one of the resolution's proponents said.
Ethereum L2 Starknet Seeks 'Bitcoin's DeFi Take-Off Moment' With BTC Wallet Xverse
The aim is to provide a Bitcoin DeFi experience using trust assumptions as the next big thing to zero-knowledge proofs until such a time that OP_CAT is adopted
Ether's Freefall Below $1.9K Roils DeFi, Jeopardizes Crypto Loan Backed by $130M in ETH
Falling ETH prices also threaten other DeFi loans, with potential liquidations that could further impact the token's price.
Crypto Asset Manager Bitwise Deploys on DeFi Platform With Maple Finance Partnership
Crypto asset manager and ETF provider Bitwise has made its first allocation into decentralized finance (DeFi) through a partnership with on-chain credit specialist Maple Finance.
Improving Blockchain Data Usability: A Key to Unlocking Institutional Capital
While digital asset markets are awash in data, they lack structure and standardization, deterring the entrance of institutional capital, says Outerlands Capital’s Felician Stratmann.
Effort to Kill IRS Crypto Rule Clears U.S. Senate Hurdle
With a split among Democrats, the Senate resolution to erase the IRS' DeFi-focused crypto broker rule passed with a massive majority and is now up to the House.
President Warming Up His Pen to Sign Resolution to Kill IRS Crypto Rule If Passed
As the U.S. Senate began its process to consider a resolution to erase the recent IRS rule that targets DeFi, the White House cheered it on.
