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.


Finance

Huobi Enters Venture Capital With Ivy Blocks

The exchange's newly formed investment arm will focus on DeFi and Web 3 ventures.

Will More Institutional Exchanges Follow on Huobi's Heels?

Finance

Hop Protocol Airdrops Over 20M Governance Tokens

The Hop Protocol airdrop is currently worth around $3.5 million with 37% of users claiming their tokens.

El lunes fueron distribuidos tokens flare a determinados usuarios de XRP. (Chris Briggs/Unsplash)

Videos

Blockchain Network Cronos Launches $100M Accelerator Program to Support DeFi, GameFi Startups

Cronos, the Crypto.com-developed blockchain network with a focus on decentralized finance (DeFi) and Web 3 gaming, is launching a $100 million accelerator program for early-stage blockchain projects. Ken Timsit, Cronos Chain & Cronos Labs managing director, shares his insights.

Recent Videos

Layer 2

Dragonfly’s Haseeb Qureshi Is Still Optimistic in the Crypto Bear Market

Crypto’s most successful projects have historically been built during downcycles, he says.

Dragonfly Capital's Haseeb Qureshi at Consensus 2022 (Daniel Kuhn/CoinDesk)

Videos

Terraform Labs Loses US Appeal Over SEC Subpoena

The U.S. Securities and Exchange Commission’s (SEC) serving of Terraform Labs CEO Do Kwon at the Mainnet Conference last year in New York was legitimate, and the company must cooperate with the commission’s investigation, the Court of Appeals for the Second Circuit has ruled.

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Finance

Orderly Network Raises $20M for DeFi Infrastructure on Near Protocol

The decentralized exchange offers permissionless spot and future order book trading infrastructure.

Binance Labs recauda $500M para invertir en Web 3 y blockchain. (Giorgio Trovato/Unplash)

Finance

Galaxy Digital Leads $20M Funding Round in DeFi Firm Skolem

Skolem provides data and trade execution services for institutions to access decentralized finance markets.

Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)

Finance

Citi Says Crypto Market Volatility Has Affected User Adoption

Concerns about stablecoins following UST’s collapse have exacerbated declines in digital asset prices, the bank said.

Citibank (TungCheung/Shutterstock)

Policy

Outgoing French Lawmaker Calls for Fossil-Based Crypto Mining Ban, DAO Legal Status

Europe needs to stop dithering and capture the crypto opportunity, Pierre Person says.

France's National Assembly in Paris (Edward Berthelot/Getty Images)

Tech

DeversiFi Launches Cross-Chain Swaps for Bridgeless DeFi Transactions

The DEX aims to eliminate the gas fees and extra steps associated with multi-chain ecosystems, even if it sacrifices network security.

DeversiFi is set to launch cross-chain swaps, a new feature for DeFi traders. (cgdeaw/Getty Images)