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.


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)

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)