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.


Finance

Blockchain Tool Developer Infura Plans to Launch Decentralized Protocol

The company will begin an open-source initiative to decentralize its offering, which easily connects dapps to the Ethereum blockchain.

Infura plans to launch decentralized protocol (tadamichi/Getty Images)

Finance

DeFi Mobile Wallet Railway Wallet Launches

Railway Wallet is the first zero-knowledge DeFi mobile wallet to operate directly on chain.

Zipmex is to release tokens to users' wallets in the next week after blocking customers from direct custody of their coins last month. (Jose Miguel/Pixabay)

Tech

Ethereum PoW Network Sees Complaints on Day 1 Amid Data Goof-Up

Users said they weren't able to access the blockchain's servers using the public information and attempts to link it to a crypto wallet failed.

Ethereum PoW users are reporting network issues. (Karla Hernandez/Unsplash)

Markets

ApeCoin's APE Could See Selling Pressure Ahead of Major Token Unlock

More than 25 million APE tokens will be released to launch contributors, representing nearly 8% of the circulating supply.

ApeCoin’s APE tokens slid early Friday ahead of a token unlock over the weekend. (Bored Ape Yacht Club, modified by CoinDesk)

Markets

Ether, Ethereum Classic See Mini Price Swing After Successful Ethereum Merge

Futures tracking the two tokens racked up nearly $80 million in liquidations since the Merge took place earlier this morning.

Volatilidad. (Matt Hardy, Unsplash)

Markets

Emerging Markets Lead Global Crypto Adoption in Bear Market, Chainalysis Says

The blockchain analytics firm's 2022 Global Crypto Adoption Index also shows China remains active despite a ban on crypto trading.

Datos de Chainalysis muestran que los mercados emergentes están liderando la adopción de criptomonedas en el mercado bajista. (Matthias Kulka/Getty)

Finance

Russian Millionaire’s Startup Plans Ruble Stablecoin Following DAI Model

The firm founded by Russian ex-banker Alexander Lebedev plans to introduce the coin on the Ethereum blockchain.

Alexander Lebedev in his Moscow office

Finance

Crypto Options Trading Startup Synquote Raises $2.8M From Initialized, Polygon

The company will look to expand its platform for trading derivatives contracts in tokens that don’t usually have such markets.

Traders have never seen anything like the cryptocurrency options trading happening these days in decentralized finance. (Thomas Shotter Boys, 1842/Art Institute of Chicago, modified by CoinDesk)

Markets

Crypto Lender Maker Turns to Staked Ether to Reduce USDC Influence

The development is part of a move away from centralized crypto products such as stablecoins.

Venture capital firm Variant commits $450 million to its third crypto-focused fund. (Horst Schwalm/Pixabay)

Learn

Aave: Understanding the Crypto Lending Platform

Aave connects crypto borrowers and lenders directly, removing the need for a middleman.

(MidJourney/CoinDesk)