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

From One to Zero: BlockFi’s Fire Sale Shows the Uber Startup Model Is Disastrous for Finance

Peter Thiel’s monopolistic theories about building companies have clearly hit their limit: banking.

Subsidizing shadow-banking yields turns out to be a really, really bad idea. (Getty Images/wakila)

Policy

Crypto World Is Cautious of Finer Details In EU's MiCA Law

Web3 advocates are cautiously welcoming Europe's new law, but must first resolve its paradoxes – like when is a non-fungible token fungible?

French diplomat Philippe Léglise-Costa and EU lawmaker Irene Tinagli huddle in the closing hours of talks on the MiCA law (Jack Schickler)

Finance

STEPN’s DEX Surpasses Orca to Become Largest Decentralized Exchange on Solana

The anonymous founder of the Solend protocol has expressed interest in integrating STEPN’s tokens into its lending platform.

STEPN’s DEX surpasses Orca. (Danny Nelson/CoinDesk)

Policy

Hurry Up With Crypto ID Checks, FATF Tells Countries

After the potentially privacy-busting "travel rule" for crypto transfers, global standard setters at the Financial Action Task Force have their eyes on DeFi, NFTs and unhosted wallets.

The Financial Action Task Force wants to outlaw dirty money flows through crypto. (Richard Levine/Corbis/ Getty Images)

Policy

DeFi Shouldn't Be Regulated, Crypto Advocates Tell UK Regulator

The advice comes from those who participated in a forum the Financial Conduct Authority held to hear from the digital assets industry.

(Piotr Swat/Shutterstock)

Tech

Chainlink’s Smart Contract Products Go Live on Fantom

Two protocols, Keepers and VRF, will allow developers to deploy more sophisticated applications on the Fantom network.

(Unsplash)

Layer 2

Crypto Jobs: Who’s Cutting and Hiring?

A running reckoning to layoffs and hirings in the cryptocurrency/blockchain industry. This piece is part of CoinDesk's Future of Work week.

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Finance

FSInsight Accuses Three Arrows Capital of Running a ‘Madoff-Style Ponzi Scheme’

3AC borrowed recklessly from just about every institutional lender in the business, a report from the research firm says.

FSInsight didn't mince words when it came to characterizing 3AC's activities. (The Image Bank/Getty Images)

Finance

Ledger Live Adds Yield Earning Capability via Alkemi Earn

The integration with Alkemi will provide Ledger users with the ability to earn yield for the first time.

Ledger Nano S hard wallet. (Motokoka/Wikimedia Commons)

Finance

Solana’s Macalinao Brothers Double Down on Crypto Venture Fund

Crypto VCs told CoinDesk that building projects and investing in them is a tricky mix.

Ian Macalinao is one half of the Saber brothers. (Danny Nelson/CoinDesk)