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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.
Sushi Jumps 10% After Top Avalanche Developer Proposes Takeover
Although Sushi has seen an exodus of developers and talent in the past months, the broader community isn’t losing hope.
BadgerDAO Reveals Details of How It Was Hacked for $120M
The DeFi platform said an application platform that runs on its cloud network was the vector for the attack.
Audius Is Building a Radio Station in the Metaverse
“DeFi Land” is integrating music streaming into its gameplay by way of the blockchain-based Spotify rival.
After Major Crypto Sell-Off, Why Did DeFi Stay So Sticky?
A look under the hood shows DeFi users are more prone to use platforms for income rather than leverage.
Music Streaming Platform Audius Plans for Metaverse Radio Station
"DeFi Land," whose gameplay teaches gamers the concepts of decentralized finance (DeFi) through farming simulation, has teamed up with music streaming platform Audius to build a radio station in the metaverse. "The Hash" panel reacts to the latest fresh take on DeFi, possibly bringing the tokenized music model to the mainstream.
India's Modi Says Crypto Should Empower Democracies, Not Undermine Them
Indian Prime Minister Narendra Modi has called for a global cryptocurrency standard, claiming emerging technologies such as crypto should empower democratic societies. This contrasts an earlier report which stated the country was planning to adopt harsh policies towards digital assets. "The Hash" hosts break down the potential implications for mainstream adoption of crypto and the role of government in DeFi.
Most Influential 2021: Robert Leshner
The Compound founder expects the bridge between DeFi and traditional finance to narrow next year.
Arca CIO: ‘Bitcoin Could Go 1000% or 10x From Here’
Bitcoin continued to struggle below the $50,000 resistance level Thursday and is down about 6% over the past 24 hours. Arca CIO Jeff Dorman discusses why he still remains a bullish outlook, adding “bitcoin could go 1000% or 10x from here.”
Router Protocol Raises $4.1M to Bridge EVM and Non-EVM Chains
“The need of the hour is the ability for these to talk to each other,” said CEO Ramani Ramachandran.
Coinbase Offers Access to DeFi Yields With DAI and Compound
More assets and other DeFi protocols will follow, Coinbase said in a blog post.
