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

Fintech App Current Taps Coinbase’s Bison Trails to Support Polkadot DeFi Plans

Current is enlisting back-end support in its bid to combine DeFi services with the best of its traditional offerings.

Bison Trails CEO Joe Lallouz.

Policy

Lassoing a Stallion: How Gary Gensler Could Approach DeFi Enforcement

The SEC may “pierce the veil” of “decentralization theater” by going after individuals involved in DeFi projects, observers say.

EUREKA, NV - JULY 8:  A group of wild horses is rounded up during a gathering July 8, 2005 in Eureka, Nevada. The U.S. Bureau of Land Management wants to reduce herds in the American west, where an estimated 37,000 of the horses roam free, to 28,000 by the end of 2005. The U.S. periodically removes thousands of horses and donkeys in an attempt to ensure western rangelands have adequate food and water for the animals to survive. Those animals are either adopted out or housed indefinitely on government sanctuaries. Currently 24,000 horses and donkeys are housed in government-run facilities. Recently passed legislation allows for the sale for slaughter of wild horses and donkeys older than ten years old and animals that have been unsuccessfully offered for adoption at least three times, eliminating restrictions that had been in place since 1971 which prevented wild horses from being sold commercially.  (Photo by Justin Sullivan/Getty Images)

Videos

Crypto OG Amir Taaki Announces DeFi Platform 'DarkFi' That Prioritizes Privacy

Amir Taaki, an early bitcoin developer and inventor of Dark Wallet, has announced a new DeFi project called "DarkFi" that prioritizes privacy. "The Hash" hosts discuss the outlook for the "democratic economic experiment" and the possible implications for user protection.

Recent Videos

Finance

Solana-Based DeFi Protocol Synchrony Raises $4.2M for Composable Indices

The funding, led by by Sanctor Capital, Wintermute Trading and GBV Capital, will also go toward its marketing operations.

Synchronized swimmers, Copenhagen, Denmark. (Henrik Sorensen/Getty Images)

Tech

‘Bridge Szn’ Continues With $2M Raise for Stablecoin Connector Symbiosis

Blockchain.com Ventures is leading an investment in a different type of cross-chain bridge.

(Modestas Urbonas/Unsplash)

Tech

Polychain Leads $23M Bet on Startup Streamlining DeFi Portfolio Management

Sommelier uses a cross-chain network of validators to manage Uniswap v3 positions.

(Nick Fewings/Unsplash)

Tech

Wormhole Adds User Interface Support for Terra’s Network

The move allows users to port digital assets between multiple blockchains without “double wrapping” Terra tokens.

A train station in Copenhagen, Denmark. (Jakob Søby/Unsplash)

Finance

DeFi Protocol Element Finance Raises $32M in Series A Round

Polychain Capital led the round, which also included Andreessen Horowitz and other previous investors.

Polychain Capital founder Olaf Carlson-Wee

Finance

PsyOptions Raises $3.5M for Options Liquidity Mining and NFT Derivatives

A Solana-based options platform from a pair of twin brothers has raised $3.5 million in an initial funding round.

A screen showing the German DAX Index during a trading session on the floor of Frankfurt stock exchange.

Finance

DeFi Insurance Protocol Solace Goes Live

Insurance claims will be automatically validated, and payouts will be made in a single transaction.

A lifeline for exchange users?