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

Aave’s Decentralized Social Media Platform Arrives on Polygon

The launch of Lens Protocol comes weeks after Aave founder Stani Kulechov was temporarily suspended from Twitter.

Stani Kulechov, Lens founder, at Consensus 2019 (CoinDesk archive)

Finance

Nansen Acquires DeFi Portfolio Tracker Ape Board for More Than $10M

Nansen plans to combine its analytics with Ape Board's portfolio tracking to make the "definitive information super app of Web 3."

acquisition

Finance

Fireblocks Deploys ‘Web3 Engine’ for Firms Eyeing GameFi, NFTs

The custody and wallet tech provider is looking to expand beyond institutions involved in DeFi to a broader developer community around gaming, social media and entertainment.

Fireblocks sign at Miami airport during Bitcoin Miami conference 2022 (Danny Nelson/CoinDesk)

Finance

S&P Global Ratings Forms DeFi Group to Build Out Crypto Framework

The credit rating giant named Chuck Mounts as chief DeFi officer to lead the unit.

Wintermute, a prominent crypto market maker, plans to roll out a decentralized exchange. (Getty Images/iStockphoto).

Finance

Oasis Pro Raises $27M for Crypto Securities Trading Platform

CEO Pat LaVecchia, a former MakerDAO compliance adviser, said Oasis Pro is in the “early stages” of integrating with DeFi platforms.

Oasis Pro Markets CEO Pat LaVecchia (Danny Nelson/CoinDesk)

Policy

German Regulator Calls for New DeFi Laws

BaFin's Birgit Rodolphe cites the potential for fraud and investor losses.

Skyscrapers in Frankfurt, Germany (lupengyu/Getty Images)

Finance

Teller Finance Diversifying DeFi With Travel Insurance

The firm's CreditFi platform lets USDC holders earn yield by lending capital to Koala Insurance.

Travel insurance meets DeFi. (Nicole Geri/Unsplash)

Finance

PancakeSwap Aims to Reduce CAKE Supply and Increase Farming Rewards

The PancakeSwap team has proposed a supply cap alongside new features that will enhance the utility of its token.

(Mae Mu/Unsplash)

Markets

Terra-Based DeFi Protocol Anchor Proposes Cutting UST Yield Rates to 4%

The proposal comes amid ongoing concerns regarding the long-term stability of Terra tokens LUNA and UST.

rusty anchor

Tech

Bancor 3 Goes Live With Polygon, Yearn, Others as Partners

The new features aim to make DeFi staking easier for DAOs and their token holders.

CoinDesk placeholder image