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

Wonderland Rattled After Co-Founder Tied to Failed QuadrigaCX Exchange

Wonderland’s TIME tokens fell 32% Thursday after blockchain sleuths revealed "Sifu," a core member of the founding team, is an alleged long-time serial scammer. With a conviction and deportation on his record, "Sifu" was also the co-founder of failed Canadian crypto exchange QuadrigaCX. "The Hash" hosts discuss the latest development turning heads in the world of DeFi.

Recent Videos

Tech

How Did a Former Quadriga Exec End Up Running a DeFi Protocol? Wonderland Founder Explains

As the Wonderland DAO votes on whether QuadrigaCX co-founder Michael Patryn should remain treasurer, Daniele Sestagalli breaks down how we got here.

(Annie Spratt/Unsplash)

Learn

Why TVL Matters in DeFi: Total Value Locked Explained

An acronym you’ll see a lot around crypto is TVL or "total value locked." Here’s why.

Cash Money Safe Deposit (Getty)

Markets

Wonderland’s TIME Sets Low of $420 After Liquidation Cascade

The token's price has fallen 95% from its November 2021 peak.

(Shutterstock)

Policy

Florida’s Office of Financial Regulation Issues Warning About DeFi

The U.S. state regulatory body emphasized the DeFi investment market is still new, highly volatile and driven mostly by psychological factors.

florida flag

Markets

Ethereum Money Markets See Record Liquidations as Ether Tanks; MakerDAO Revenue Surges

On Friday, MakerDAO collected more than $15 million in liquidation penalty fees.

Ethereum-based lending-borrowing protocols saw record single-day liquidations on Friday. (Delphi Digital, Dune Analytics)

Markets

Fantom Becomes Third-Largest DeFi Protocol by Value Locked

The value locked on DeFi-centric projects built on Fantom surged 52% in the past week.

ghost, casper, phantom

Markets

Cosmos Token Surges 8% Amid Airdrops, Polkadot Bridge

Prices of airdropped tokens to Cosmos stakers were some of the biggest gainers in the past 24 hours.

ATOM surged 8% in the past 24 hours but saw resistance on Monday morning. (TradingView)

Markets

Ethereum Could Hold Lead as Dominant Smart-Contract Blockchain: Coinbase Analysts

The only real “ETH killer” might end up being Ethereum 2.0, according to analysts for the U.S. exchange Coinbase.

Ethereum's lead over competitors might be hard to close. (Elena Rabkina/Unsplash)

Markets

Cardano-Based Decentralized Exchange SundaeSwap Off to Rocky Start

Users have complained that they have not received their tokens after swapping Cardano's ADA tokens for SUNDAE.

The SundaeSwap DEX is launching in beta on Cardano later this week. (RitaE/Pixabay)