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

Crypto Lending Firm Maple Finance Unveils Syrup Yield Platform and Rewards Token

Maple’s Syrup promises users yields of 15% by depositing Circle’s USDC stablecoin into the platform.

(Unsplash)

Tech

Who Needs an Off-Ramp? Ether.fi Plans Visa Card for Crypto Investors

The "Cash" Visa card from Ether.fi, the liquid restaking startup on Ethereum, might help crypto natives turn their decentralized finance investments into spending money.

visa, credit cards

Markets

Ether Has 1 in 5 Chance of Tapping $5K by End-June, DeFi Options Protocol Lyra Says

Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.

(AidanHowe/Pixabay)

Markets

Fantom Outperforms CoinDesk 20 Over Past Week as TVL Jumps

FTM has gained 13% in the last week, and total value locked in Fantom briefly hit $200 million.

(CoinDesk Indices)

Tech

Sonne Finance Token Drops 60% After $20M Exploit on Optimism

Attackers stole ether, velo and stablecoins before developers mitigated the hack and paused operations. Sonne’s markets on the Base blockchain were not affected.

Crypto hacks, scams and exploits netted some $2 billion this year. (fikry anshor/Unsplash, modified by CoinDesk)

Tech

DeFi Lender Liquity Unveils New Stablecoin With User-Set Borrowing Rates in White Paper

Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and plans to pay the lion's share of protocol revenues back to liquidity providers.

(Liquity)

Policy

Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token

The objective of Okto is to give global users a single-click mobile experience while traversing the Web3 space.

CoinDCX's co-founders Neeraj Khandelwal and Sumit Gupta (CoinDCX)

Opinion

DeFi Gigabrain Tarun Chitra on ETH Staking, Restaking and Why ‘Financial Nihilism' Is a Real Consumer Product

The Gauntlet founder talks about the state of crypto ahead of Consensus 2024.

Tarun Chitra, chief executive officer of Gauntlet, math lover and DeFi risk expert, talks to CoinDesk ahead of Consensus 2024.

Finance

Crypto for Advisors: DeFi Yields, the Revival

Crews Enochs, from Index Coop, discusses the revival of DeFi Yields and D.J. Windle answers questions about DeFi investing in Ask an Expert.

(refika Armagan Altunışık/ Unsplash)