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.


Finance

Arab Bank Switzerland Is Quietly Getting Into DeFi

The Swiss sister entity to Jordan-based Arab Bank is offering clients access to AAVE, COMP, UNI and more.

(Arab Bank Switzerland)

Layer 2

What Really Mattered to Crypto Markets in 2021

The CoinDesk Research Annual Crypto Review for 2021 examines some of the key themes and metrics that marked the year’s progress in cryptocurrency markets.

The CoinDesk 2021 Annual Crypto Review looks back on how crypto markets fared last year.

Tech

Crypto Crime Hit All-Time High of $14B in 2021 as Prices Climbed: Chainalysis

The percentage of illicit transactions fell drastically, but the dollar value surged, a new report says.

(Tingey Injury Law Firm/Unsplash)

Finance

JPMorgan Says Ethereum’s DeFi Dominance at Risk Due to ‘Sharding’ Delays

Analysts from the bank said that the scaling of the network might arrive too late.

sharding (shutterstock)

Finance

Fireblocks ‘Whitelists’ 30 Trading Firms for Aave’s Institutional DeFi Debut

Aave Arc could usher in a new era of bank-friendly DeFi. Here’s how.

Stani Kulechov, Lens founder, at Consensus 2019 (CoinDesk archive)

Finance

Solana DeFi Protocol Exotic Markets Raises $5M Ahead of Mainnet Launch

Multicoin and Ascensive Assets co-led the private token sale.

Solana's Breakpoint came at the market's previous zenith (Zack Seward/CoinDesk)

Markets

Fantom (FTM) Surges, NEAR Sets Highs as Major Cryptos Stagnate

A revived interest in layer 1 bets is fueling growth in some tokens even as bitcoin shows signs of weakening.

(Raymond Boyd/Michael Ochs Archives/Getty Images)

Tech

Polkadot Gets DeFi Building Block as DEX Aggregator Dot Finance Migrates From BSC

The project will first launch on Moonriver, Moonbeam’s canary network on Kusama, before jumping to Moonbeam proper.

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

Markets

CRV Extends Rally as ‘Curve Wars’ Intensify

More and more protocols are building off of Curve, and an entire ecosystem is emerging, engaged in the so-called Curve Wars, one analyst said.

CRV extends five-month winning trend, decoupling from the weakness in top coins