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.


Markets

Blast Token Debuts at $3B Value as 17% of Supply Airdropped to Early Adopters

Blast is the second largest layer 2 network with $1.6 billion in TVL.

Pyth issues token airdrop (ian dooley/Unsplash)

Tech

Marathon's Layer-2 Chain, Anduro, Plugs In 'Portal to Bitcoin' for Atomic Swaps

The publicly-traded bitcoin miner Marathon began incubating Anduro in February as a "platform built on the Bitcoin network that allows for the creation of multiple sidechains."

16:9 Portal, wormhole (jw210913/PIxabay)

Tech

DeFi Heavyweight Curve Focused on Becoming ‘Safest’ Lending Platform, Founder Says

Egorov’s $100 million in loans taken from various protocols using Curve’s CRV tokens started to automatically liquidate on Thursday, sending the token down as much as 30% before it briefly recovered.

Curve Finance's Michael Egorov (Michael Egorov, modified by CoinDesk)

Markets

DeFi Giant Curve Roiled as Founder's Loans Get Liquidated; CRV Slides 30%

Addresses tied to Curve founder Michael Egorov are borrowing nearly $100 million in various stablecoins against $140 million in curve tokens.

(vlastas/iStock)

Videos

Crypto Hacks Totaled $19B Since 2011: Crystal Intelligence

According to a new report from Crystal Intelligence, almost $19 billion worth of cryptocurrency has been stolen in thefts over the past 13 years. The report notes 785 incidents of crypto theft comprising 220 security breaches, 345 DeFi hacks and 220 fraud schemes. CoinDesk's Michele Musso presents "The Chart of the Day."

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Finance

Defi Protocol UwU Lend Suffers $19.3M Exploit: Arkham

The protocol was set up by Quadriga CX co-founder "Sifu."

(Kris/Pixabay)

Opinion

A More Than $1T Bitcoin DeFi Opportunity

Decentralized finance is coming to Bitcoin – and it could be huge.

corner, wall, white paint and sunshine (JACQUELINE BRANDWAYN/Unsplash)

Tech

Uniswap Vote Delay Shows DeFi Stakeholders Aren't All in It Together

The Uniswap Foundation keeps punting on a "fee switch" proposal that would give UNI governance token holders a cut of liquidity providers' revenue.

(Getty Images/Science Photo Libra)

Finance

Crypto Hacks, Rug Pulls Led to $473M Worth of Losses in 2024: Immunefi

The figures show a decrease in hacking activity since 2022 and 2023.

Hacker (Towfiqu Barbhuiya/Unsplash)

Finance

ZKasino Gives Users 72 Hours to Retrieve Their Ether

The on-chain casino received $33 million in deposits last month.

Zkasino has re-opened ether bridge to users. (Carl Raw/Unsplash)