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

Crypto Options Traders Turn to DeFi for Altcoin Bets as QCP Slings $1B

The Singapore-based firm QCP now trades more than $1B of crypto options per month using decentralized financial applications, including $1 million worth of AAVE options recently with Ribbon Finance.

Traders have never seen anything like the cryptocurrency options trading happening these days in decentralized finance. (Thomas Shotter Boys, 1842/Art Institute of Chicago, modified by CoinDesk)

Videos

Another E-CNY Scam Busted, SCMP to Tokenize History

Inner Mongolia e-CNY scam busted. Hong Kong’s South China Morning Post to release news archives as NFTs. DeFi emerges as an enabler for pricing assets. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Recent Videos

Videos

French Fintech Lydia Taps Bitpanda to Let 5.5M Users Trade Crypto

Austrian crypto exchange Bitpanda, the country's first tech unicorn, has teamed with French mobile payments app Lydia to offer its 5.5 million users the ability to invest in over 170 crypto assets. Bitpanda Chief Product Officer Lukas Enzersdorfer-Konrad shares insights into the partnership, France's regulatory reception to crypto, and the state of DeFi in Europe.

Recent Videos

Finance

Oasis Foundation Launches Emerald, an EVM-Compatible Smart Contract Environment

On the heels of launching a $160 million investment fund, Oasis is now laying the groundwork for decentralized finance and NFTs.

Oasis with palms in the desert (Getty Images)

Finance

Maple Finance Launches First DeFi Syndicated Loan for Alameda Research

Think of it as an “on-chain crypto SPAC,” said founder Sid Powell.

Maple FInance

Tech

Web 3 Social Media Needs Dedicated Blockchains

General-purpose blockchains are awesome at DeFi, but prohibitively expensive for decentralized social media.

(camilo jimenez/Unsplash)

Tech

Oasis Launches $160M Ecosystem Fund With Backing From Jump Capital and Others

The layer 1, long in development, is finally preparing for prime time.

(Sandra Gabriel on Unsplash)

Policy

A Few Unorthodox Thoughts on DeFi Regulation

Why not try a “scorecard” for protocols?

(Element5 Digital/Unsplash)

Tech

DEX Aggregator ParaSwap Launches PSP Token on Heels of ENS Airdrop Excitement

After months of anticipation and a thorough “anti-Sybil” process, ParaSwap’s DAO is now live.

(ieva swanson/Unsplash)