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

DeFi Protocol Cega's New Options Product Marries Gold, Ether to Offer Up to 83% Yield

The Gold Rush product offers a trifecta of attractive return, market exposure and protection from losses.

(Shutterstock)

Videos

NEAR Launches Multichain Access

Kendall Cole, Director at Proximity Labs, joins "First Mover" to discuss NEAR protocol's new chain signatures network that offers users multichain access from their NEAR account. Plus, insights on how the technology enhances user experiences and provides new opportunities for developers in the DeFi space.

Recent Videos

Videos

How NEAR Enables Multichain Access From One Account

Proximity Labs Director Kendall Cole explains the challenges of building a spot decentralized exchange and how NEAR protocol's chain signatures network allows users multichain access from their NEAR account.

The Protocol: The Tech Behind Crypto

Videos

Why the NEAR foundation Chose Eigenlayer as a Security Partner

Proximity Labs Director Kendall Cole answers five rapid-fire questions from CoinDesk, including what challenges can be solved with Near's chain signatures, and why the NEAR foundation chose Eigenlayer as a security partner.

Recent Videos

Markets

Ethena, a $1.3B Yield-Earning Protocol, to Debut Governance Token Next Week

The DeFi protocol, which generates yield from ether derivative funding rates, is set to airdrop 750 million ENA tokens, 5% of the total supply.

Ethena's governance token ENA (Ethena Labs)

Markets

Ether.Fi's ETHFI Jumps 50% to Record, May Boost Valuations for Liquid Restaking Token Airdrops: Analyst

Restaking has become one of the hottest sectors in DeFi, with new protocols leveraging Ethereum's proof-of-stake blockchain to secure other networks.

ETHFI price (CoinDesk)

Finance

Amid Giant Crypto Rally, Hopes for Another DeFi Summer Soar

Since the approval of spot bitcoin ETFs in January, DeFi looks ascendant, triggering memories of 2020, aka DeFi Summer, when the space bustled with activity.

DeFi yields (DefiLlama)

Finance

TrueFi Unveils Lending Protocol for Tokenized Real-World Assets; TRU Jumps 14%

Investors will be able to take out crypto loans by pledging TrueFi's U.S. Treasury bill tokens, with plans to expand collateral to other types of tokenized RWAs, according to the proposal.

(Jason Leung/Unsplash, modified by CoinDesk)

Markets

Frax Finance Targets $100B Value Locked in Singularity Roadmap

Frax's singularity roadmap has set a target of $100 billion in TVL for its layer 2 Fraxtal.

Frax Finance's Sam Kaizeman (Wikipedia)

Finance

Lithuania-Licensed Crypto Bank Meld to Offer Tokenized RWAs to Retail Investors

Meld, which is in partnership with the layer-1 blockchain of the same name, has an agreement with DeFi platform Swarm Markets, which started a real-world asset platform in December

Vilnius, Lithuania (Shutterstock)