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

Olympus Tanks 30% Led by Liquidations on Fuse, Souring Market Sentiment

Tokens of the decentralized money market were one of the biggest losers on Tuesday, reaching prices last seen in May 2021.

Greek Hero. Credit: Shutterstock

Videos

Dfinity Founder on Internet Computer Opening Ethereum Bridge

Terabethia, a new cross-blockchain bridge connecting the Ethereum network with Dfinity’s Internet Computer, will allow ERC-20 tokens to exist natively on Dfinity’s network. This comes as tokens of Internet Computer (ICP) fell 97% since their issuance in May. Dfinity founder and chief scientist Dominic Williams shares insights into the bridge and its significance in the world of DeFi.

Recent Videos

Opinion

Why We’re Shutting Our Successful Fundraising Platform

Berlin-based Neufund had a viable security token business built on Ethereum. Regulatory uncertainty is forcing it to close down.

(Claudio Schwarz/Unsplash)

Tech

Binance.US Is Building an Office in the Solana Metaverse

Several crypto companies are setting up shop in Portals.

Inside a room in Portals. (Portals/Twitter)

Tech

Fantom Transactions Surge Ahead of Avalanche as DeFi Prospects Heat Up

Opportunistic capital moves over to “yield farm” on Fantom with high returns on stablecoin deposits, analysts note.

(Noam Galai/Getty Images)

Finance

Twitter Data Scientist Leaves for Aave as DeFi Social Media Plans Simmer

The lead data scientist for Twitter Spaces is joining Aave as the DeFi protocol ponders a social media play.

(Michael Nagle/Bloomberg via Getty Images)

Finance

Solana DeFi Major Serum’s ‘Incentive Ecosystem Foundation’ Is Raising $100M

The protocol that undergirds much of DeFi on Solana is raising funds to expand operations, and about $70 million has been committed so far.

(Mathilde Langevin/Unsplash)

Tech

Avalanche-Based Wonderland Makes Seed Investment in Betting Dapp

The DAO wants to compete with venture capitalists by providing opportunities to its “frog nation” instead.

Wonderland users (self-styled as the ‘frog nation’ in crypto circles), portray themselves as men and women using technology and crypto to capitalize on opportunities, instead of seed rounds and investments mostly benefiting venture funds and well-connected private investors. (Getty Images)

Finance

A16z Leads Additional $25M Round for DeFi Credit Protocol Goldfinch

Other investors in the round included noted hedge fund manager Bill Ackman, crypto investment firm BlockTower and investment management firm Kingsway Capital.

American goldfinch (Getty Images)