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.


Videos

DeFi Locked Value Falls to Yearly Low, $27B Lost Over the Weekend

Value locked on decentralized finance (DeFi) protocols set 2022 lows this weekend amid a broader sell-off in global markets and waning interest in risk-on assets. Maxim Galash, CEO of DeFi yields platform Coinchange, discusses DeFi exploits, UST concerns, strategies for navigating the risks of open finance and more.

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Markets

DeFi Locked Value Falls to Yearly Low, $27B Lost Over the Weekend

The drop is likely due to falling token prices and risk-off sentiment in the broader market, analysts said.

“Whoever controls liquidity controls DeFi.” (Rahul Pabolu/Unsplash)

Videos

ClayStack CEO on Proof of Stake, DeFi Yields, Ethereum Merge

ClayStack CEO Mohak Agarwal discusses his company’s findings after compiling insights from 999 proof-of-stake crypto users. Agarwal explains the technical differences between proof-of-work and proof-of-stake, the financial benefits of DeFi yields, and Ethereum’s highly anticipated merge to PoS.

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Markets

DeFi Tokens Are April's Biggest Losers as Revenues Fall; Memecoins Outperform

April saw bearish sentiment despite being a historically favorable month for cryptocurrencies.

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Tech

Typo Moves $36M in Seized JUNO Tokens to Wrong Wallet

Validators, developers and token holders grapple with who is to blame for the copy-paste error that moved the tokens to an address no one can access.

(Jeremy Bezanger/Unsplash)

Policy

NFT Issuers Could Have to Centralize and Register Under EU's MiCA Rules, France Warns

The EU bill would also tackle decentralized finance and bitcoin's energy use.

European Union flag (Håkan Dahlström/Getty)

Opinion

DeFi: Building the Infrastructure for Future Economies

It's also building the infrastructure for existing economies.

(Wordzandguitar/Wikimedia Commons, modified by CoinDesk)

Tech

Decentralized Exchange MM.Finance Suffers $2M Exploit

MM.Finance has said that it will compensate and reimburse impacted users.

Inverse Finance developers paused borrowing functions for users and said they were investigating the incident. (Shutterstock)

Videos

Terra to Provide UST Liquidity on Polygon-Based SynFutures

Terra will provide liquidity for TerraUSD (UST) trade pairs on Polygon-based decentralized finance (DeFi) exchange SynFutures as the stablecoin continues to grow in popularity. “The Hash” group discusses the Luna Foundation Guard’s (LFG) bitcoin acquisitions to back the digital asset and Terra’s efforts to build cultural bridges with external ecosystems like Avalanche. 

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