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

Cosmos-Based Exchange Osmosis Crosses $1B in Locked Value

Trading volume crossed $95 million on the decentralized exchange while prices of its native tokens surged to all-time highs.

Umee wants to build bridges between Ethereum and Cosmos.

Finance

Binance Invests $12M in Liquidity Platform WOO Network

WOO had raised $30 million in November.

Binance. (Shutterstock)

Policy

Estonia Regulator Says No Plans to Ban Crypto

The country’s Ministry of Finance shut down claims that owning and trading cryptocurrency would be banned under the proposed anti-money laundering legislation.

Estonian, EU flags.

Finance

Grayscale Adds Flexa’s AMP to DeFi Fund, Removes BNT, UMA in Quarterly Rebalancing

The world’s largest digital asset manager announced the updated weightings on Monday, following reconstitution of the CoinDesk DeFi Index (DFX).

(Nuthawut Somsuk/Getty Images)

Videos

Bitcoin Compared to Ether, Solana and Doge

2022’s first Chart of the Day analyzes the movement of decentralized finance (DeFi) assets over the last seven days, looking closely at BTC, ETH, SOL, and DOGE compared to the CoinDesk DeFi Index (DFX). DeFi assets in the DFX started the new year off with a rally opposed to cryptocurrencies.

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Videos

Wave Financial Senior Trader: BTC 'Still Bullish' in 2022

Senior Trader for Wave Financial Justin Chuh shares his perspective on where the crypto field is headed in 2022, explaining why bitcoin will remain bullish on a macroeconomic scale while new DeFi projects develop. Plus, Chuh’s take on the growing demand for effective smart contract protocols and other applications of blockchain technology.

Recent Videos

Policy

CFTC Fines Crypto Betting Service Polymarket $1.4M for Unregistered Swaps

Polymarket’s betting pools constituted binary options, according to the CFTC.

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Markets

DeFi Protocol Convex Finance Crosses $20B in Locked Value

The protocol allows users to earn fees without locking Curve’s native tokens, a feature that has helped attract billions of dollars in capital.

The rapid growth of a yield farming optimization protocol focusing on Curve Finance has helped CRV token become a top performing token this week. Credit: Noah Buscher/Unsplash

Tech

Sushi Tries to Pick Up the Pieces: A DeFi Governance Case Study

The popular automatic market maker is pushing an ambitious governance overhaul after months of infighting. What’s next?

Sushi in flux. (Jakub Dziubak/Unsplash, modified by CoinDesk)