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.


Opinion

DeFi vs CeFi Lending: Before Choosing, Understand the Challenges and Risks

CeFi simplifies DeFi user experience for investors, but comes with many risks.

(Jonathan Kitchen/Getty Images)

Finance

Hubble Protocol Raises $5M to Expand Solana-Based DeFi Protocol

The protocol aims to create a Solana-based equivalent of MakerDao: a DeFi protocol with a U.S. dollar denominated stablecoin.

Starry Night is the name of Three Arrows Capital's NFT collection. (Unsplash)

Finance

Aave Companies Seeks $16M From DAO Funds to Pay Crypto Developers

Some $15 million of that amount has been earmarked for work performed directly by the team over the course of more than a year.

The development lab overseeing lending protocol Aave, which means "ghost" in Finnish, is seeking $16 million from the Aave community. (Unsplash)

Videos

EU Officials: Digital Euro Focusing on Personal Use First, Not Web3

A retail digital euro will, in the first stage, only enable payments initiated by people, rather than allowing businesses to settle invoices, issue paychecks or be used in decentralized finance, European Union (EU) officials said Wednesday. "The Hash" team discusses central bank digital currencies (CBDCs) and their privacy implications amid a global race to digital money.

Recent Videos

Opinion

Why DeFi Insurance Needs a New Design

Decentralized finance offers a blank canvas for reimagining markets insurance with programmability and decentralization as core constructs, says the CEO of IntoTheBlock.

(Atilla Bingöl/Unsplash)

Tech

DeFi Platform Curve Finance Takes First Steps Toward crvUSD Stablecoin

Details on the actual usage of crvUSD are scarce, and Curve developers declined to share more information about the tokens with CoinDesk.

(eswaran arulkumar/Unsplash)

Finance

Crypto Exchange KuCoin Highlights Flaws in DeFi Platform Acala's Post-Exploit Proposal

The exchange has pinpointed several mistakes in the platform’s data on erroneously issued stablecoins. 

(Shutterstock)

Finance

DeFi Platform Credix Raises $11.25M to Connect Institutional Lenders With Emerging Market Fintechs

The decentralized credit marketplace will use the capital to expand beyond Brazil.

Photo of bundles of dollars

Markets

Traders Bet on GMX Tokens as Proxy for Ethereum Layer 2 Tool Arbitrum

The tokens have almost doubled in price during the past two weeks during a mostly flat market.

GMX tokens are serving as a proxy bet for Arbitrum investors. (Jason Briscoe/Unsplash)

Finance

DeFi Platform Kyber Says It Removed Attack Vector, Compensated Affected Wallet

The Sept. 1 exploit saw $265,000 stolen from one Kyber wallet.

(Shutterstock)