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

Binance Dedicates Another $1B to Smart Chain Project

Binance’s latest move came as a number of other new Ethereum-alternative projects are also dedicating hundreds of millions of dollars in incentives.

Binance CEO Changpeng Zhao. (Akio Kon/Bloomberg via Getty Images)

Tech

DeFi Perpetuals Exchange Futureswap Launches New Version After $12M Funding Round

Framework Ventures, Ribbit Capital and Placeholder.vc are backing a project that taps into existing liquidity pools on Uniswap.

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Tech

Airdrop Ethics: VC Firm Draws Ire Following $2.5M Ribbon Finance Exploit

The DeFi community has once again found itself embroiled in a debate concerning the nature of on-chain ethics.

The Ribbon Finance airdrop has led to DeFi drama. (Taylor Heery/Unsplash)

Tech

NFT Rentals: Why VCs Are Backing a Puzzling New Project

Animoca Brands is leading a $1.5 million bet on reNFT, a year-old DAO that lets you rent out NFTs on the Ethereum mainnet.

(noodle kimm/Unsplash)

Tech

‘Self-Repaying Loan’ Platform Alchemix to Expand Collateral Types, Strategies

A DeFi platform with few real-world comparisons is eyeing an extensive expansion.

Credit: Shutterstock

Finance

Analytics Platform Nansen Expands to Fantom, Spotlighting Emerging DeFi Ecosystem

It’s still the early days for Fantom, said Nansen’s Alex Svanevik, but promising growth has made it the data site’s third network.

Phantom

Videos

Bitcoin Futures Market Suggests Huobi a Loser in China Crackdown

Bitcoin’s move to $50,000 has revived bullish sentiment, lifting futures premiums on most major cryptocurrency exchanges, which are often seen as a gauge of speculative interest. Though on the Huobi exchange, historically skewed toward Chinese customers, the premium hasn’t budged, potentially due to its decision to suspend services to China-based clients.

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Videos

George Soros' Family Office Owns Bitcoin

Billionaire investor George Soros' family office, Soros Fund Management, has invested in bitcoin but clarified "the coins themselves are less interesting than the use cases of DeFi." "The Hash" group discusses the implications for the Soros brand getting into crypto and whether this could be bullish for the blockchain industry at large.

Recent Videos

Videos

UC Berkeley Ranks Third in CoinDesk’s Top Universities for Blockchain in 2021

UC Berkeley is offering its first-ever massive open online course (MOOC) on DeFi. The school has ranked third in CoinDesk's 2021 list of top universities for blockchain. Dawn Song, one of the course leaders and CEO of Oasis Labs, shares insights into the course offering and the importance of DeFi education.

Recent Videos

Videos

CoinDesk Releases Q3 Bitcoin and Blockchain Industry Report Highlighting Scalability

CoinDesk Research has published its latest quarterly report for Q3 2021, outlining the trends driving the digital asset markets, focusing on Bitcoin, Ethereum, DeFi and more.

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