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

DeFi Options Protocols Suffered as Ether Fell to $2.1K

On-chain options offerings are unlikely to see future growth unless the crypto market turns bullish, one analyst said.

Options protocols lost millions of dollars in locked value. (Delphi Digital)

Videos

Dapper Labs Exec Talks Flow Network: ‘It’s Not Just an NFT Blockchain’

Matthieu Jobbé-Duval, head of financial products at Dapper Labs, which oversees the Flow ecosystem, including NBA Top Shot and NFL All Day, discusses the latest on Flow, including introducing ERC-20 token wrapped FLOW (wFLOW). What does this mean for DeFi users on Ethereum?

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Finance

Algorand Foundation Appoints JPMorgan, Nasdaq Alum Staci Warden as CEO

Warden replaces Sean Lee at the payments-focused blockchain.

Algorand signage inside the Drone Racing League arena. (DRL)

Opinion

Your Right to Anonymity Ends Where Risk to My Money Begins

Privacy is a key value of crypto, and of a healthy society. But it ends when you seek wealth and influence – for good reason.

Anonymity is highly valued in crypto and hacker culture. But a higher standard of transparency may apply for those with power over others' fates. (Boy_Anupog/Getty Images)

Finance

Brazilian Asset Manager QR Launches First Local DeFi ETF

QDFI11 was listed on the Brazilian stock exchange, B3, and tracks the Bloomberg Galaxy DeFi index.

Brazilian flag (Mateus Campos Felipe/Unsplash)

Tech

Axie Infinity Reduces SLP Emissions to Prevent 'Collapse'

Concerns around emissions of an in-game token caused falling user numbers and a drastic plunge in SLP prices.

(AxieInfinity.com)

Tech

DeFi’s Aave Launches Web 3 Social Media Platform ‘Lens’

Composability will be a key feature of the new offering.

Left to right: Element Finance founder Will Villanueva, Synthetix founder Kain Warwick, Aave founder Stani Kulechov and Gauntlet founder Tarun Chitra speak at 2021's Token2049 event in London. (Ian Allison/CoinDesk archives)

Videos

Aleo Blockchain CEO the Largest Fundraising Round Ever In the Zero-Knowledge Space

Pledging to launch its private, programmable Aleo blockchain network “later this year,” crypto startup Aleo Systems raised $200 million in a Series B funding round led by SoftBank, Tiger Global, and others. Aleo’s Series B represents the largest fundraising round ever in the zero-knowledge space. Aleo CEO and CTO Howard Wu shares insights into his pitch, the Aleo community and the state of privacy-focused DeFi programmability.

Recent Videos

Finance

$4.4M Stolen in Hack of Blockchain Infrastructure Firm Meter

According to PeckShield, the hack on Saturday saw more than 1391 ETH and 2.74 BTC stolen.

Hack