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.


Markets

Market Wrap: Cryptos Rise as Bitcoin Returns Above $40K

BTC rose by 4% over the past 24 hours, compared with a 12% rise in RUNE.

(jayk7/Getty Images)

Mga video

Fireblocks Partners with FIS to Bring DeFi to Capital Markets

Crypto custody firm Fireblocks announced a partnership with Fortune 500 technology provider FIS to provide banks and institutional investors access to decentralized finance (DeFi) applications and crypto trading venues. “The Hash” discusses FIS providing traditional finance with a gateway to DeFi and growing investor interest in wallet technology. 

Recent Videos

Mga video

Will Banks Adapt to a DeFi Future?

CoinDesk Contributor and Ernst & Young Principal Global Innovation leader Paul Brody discusses the future of the banking industry as decentralized finance (DeFi) continues to grow, drawing on historical comparisons such as how telephone companies adapted to the rise of smartphones and apps. Plus, a conversation about the highly anticipated Ethereum merge to proof-of-stake.

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Technology

Terra's Anchor Protocol to Launch on Polkadot DeFi Hub Acala

A month after launching on Avalanche, Anchor continues its expansion onto new base layers.

An installation by Japanese artist Yayoi Kusama, after whom Polkadot's canary network is named. (Suhaimi Abdullah/Getty Images)

Finance

MetaMask’s Institutional Arm Makes Push for DAOs With New Custody Deals

The ConsenSys-owned wallet provider says it want to bring “all organizations on planet earth into Web 3.”

The MetaMask Institutional booth at Paris Blockchain Week 2022 (Helene Braun/CoinDesk)

Finance

Fireblocks and Fintech Major FIS Bring DeFi to Capital Markets

FIS’s client list of 6,400 asset managers, banks and brokers will have access to platforms like Aave Arc with more institution-friendly DeFi pathways to come.

Fireblocks CEO Michael Shaulov (Eva Marie Uzcategui/Bloomberg via Getty Images)

Finance

DeFi Firm BloXroute Raises $70M to Fund Expansion in SoftBank-Led Round

The investment will enable the company to add to its team and extend its reach.

BloXroute raised $70 million to speed up DeFi transactions. (PM Images/Getty Images)

Finance

RociFi Labs Raises $2.7M to Enable On-Chain Credit Scoring for DeFi

The P2P lending protocol uses on-chain data, machine learning and decentralized identity information to calculate a non-fungible credit score for potential borrowers.

(Towfiqu barbhuiya/Unsplash)