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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.
Markets Shine, Scaling Projects Thrive, Regulators Flex: CoinDesk’s Q3 Review
CoinDesk Research presents its latest quarterly report, which outlines growing market interest from institutions, retail investors and regulators.
Large Institutional, DeFi Activities Dominate India Crypto: Chainalysis
The blockchain research group thinks the country could soon become a regional hub for cryptocurrency-related investments.
LUNA Hits All-Time Highs After Terra Network Upgrade
The Columbus-5 upgrade has altered the network’s token economics to place “deflationary pressure” on LUNA.
E-CNY Chat Wallet to Launch, Korean Illegal Crypto Transactions Surge
China giants team up to offer e-CNY wallet in a chat application. Korea sees a surge in the amount of virtual assets used in illegal foreign transactions. DeFi protocol Compound’s technical woes continue. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
$22M Drained From Compound Contract That Was Hit for $80M Last Week
About $66 million – and counting – was recently added to the still vulnerable contract, thus making more funds available for exploit.
Market Wrap: Cryptocurrencies Rally as Short Sellers Exit Positions
The upturn comes despite regulatory risks.
Compound Founder Begs Users to Return $90M Funds Mistakenly Given Away
DeFi staking protocol Compound erroneously paid out approximately $90 million in liquidity mining rewards following an update to one of its smart contracts. The founder is now pleading to users to return the tokens and issuing a few potential threats.
Société Générale Applies for $20M MakerDAO Loan Using Bond Token Collateral
In a proposal Thursday on MakerDAO's governance forums, French multinational banking giant Société Générale (SocGen) applied for the DeFi lending platform to accept on-chain bond tokens issued by the bank as collateral for a stablecoin DAI loan for up to $20 million. "The Hash" panel discusses the historic step towards institutional adoption of DeFi.
Introducing the Decentralized Money Stack
To see the future of money, you need to look to the past, says CoinDesk’s chief content officer.
