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

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

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)