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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.
Ankr Introduces Token-Staking Tool Kits for Yield-Hunting Communities
The product will initially be offered on Ethereum, Polygon, BNB Chain, Avalanche, and Fantom networks.
Sygnum Bank Expands Staking to Cardano
Cardano's ADA joins Ethereum's ETH, Internet Computer's ICP and Tezos' YTZ in the firm's staking offerings, which are integrated with its banking platform.
Aave Wallet Activity Reaches 2022 High on GHO Stablecoin Decision
The platform's native aave tokens saw volatile trading during the week before the launch of the yield-generating stablecoin.
Aave Passes Proposal for Yield-Generating Stablecoin GHO
The fully collateralized stablecoin is native to the Aave ecosystem and will be initially available on the Ethereum network.
Where Traditional Public Financing Fails, Blockchain Steps in
Both private and government funding have weaknesses. Crypto networks offer a third way to coordinate big collective projects.
Step Finance Acquires SolanaFloor to Provide DeFi, NFT Data Insights
Once a customer of SolanaFloor's, Step Finance is expanding from a focus on DeFi to also include NFTs.
Decentralized Data Platform Space and Time Raises $10M
Crypto investment firm Framework Ventures led the seed funding round.
Solana DeFi Protocol Nirvana Drained of Liquidity After Flash Loan Exploit
The price of the protocol’s ANA token fell almost 80% following the attack.
DeFi Has Become Crypto Crime’s Main Arena, Crystal Blockchain Says
Hackers and scammers have shifted from breaching centralizing entities to exploiting decentralized projects, according to a new report.
Fantom to Fund Ecosystem Projects Using Portion of Burn Fees
A governance vote saw an overwhelming number of community members in favor of using one-third of Fantom’s burn fees to fund new projects.
