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.


Videos

MakerDAO Founder on Tornado Cash, Stablecoin DAI, Ethereum Merge

The U.S. Treasury has sanctioned crypto mixer Tornado Cash, which could have a ripple effect across the industry. Rune Christensen, founder of Ethereum’s pioneering decentralized money layer MakerDAO, discusses the ban and what it means for MakerDAO, its decentralized stablecoin DAI and the state of DeFi. Plus, exploring the impact of Ethereum's merge.

Recent Videos

Finance

Maple Finance, a DeFi Platform for Institutional Lending, Unveils $40M Liquidity Pool

The pool is backed by crypto-native investment firm Maven 11.

Sid Powell, CEO of Maple Finance (Maple Finance)

Tech

'Copycats' Stole $88M During Nomad Exploit by Copying Attacker's Code: Coinbase

Over 88% of the addresses involved in the $190 million Nomad attack likely belonged to users copying a code that was initially used by the exploiters.

Elliptic says RenBridge was used to launder $540 million in illicit funds. (Charlie Green/Unsplash)

Finance

Corn Farmers Hedge Their Crops With Futures. This Solana DEX Wants Vaildators to Follow Suit

Cypher, which launched a new service Wednesday, thinks the futures markets can help validators hedge their risks.

A frontend developer for Cypher at mtnDAO. (Danny Nelson/CoinDesk)

Learn

How Does MakerDAO Work? Understanding the 'Central Bank of Crypto'

The decentralized finance project is known for its overcollateralized stablecoin, DAI, as well as its decentralized governance.

(Unsplash)

Finance

Unstoppable Finance Raises $12.8M to Build DeFi Wallet

The round, which was led by Lightspeed Venture Partners, included participation from Rockaway Blockchain Fund and Fabric Ventures.

Unstoppable Finance has raised $12.8 million to develop its DeFi wallet. (analogicus/Pixabay)

Tech

Over $600K Vanishes From DeFi Project Blur Finance; Developers Disappear

The project's Twitter feed and Discord channel have been deleted.

Crypto miners face margin calls, defaults as debt comes due in bear market. (Andrew Khoroshavin/Pixabay)

Finance

DeFi Protocol Curve.Finance Gets Hacked and $570K Is Stolen

The source of the hack has been “found and reverted,” according to the protocol. 

(vlastas/iStock/Getty Images Plus)