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

Market Wrap: Bitcoin Traders Cautious After China Crypto Ban, DeFi Outperforms

Some traders are piling into DeFi tokens in the wake of the ban.

Bitcoin 24-hour chart (CoinDesk)

Markets

DeFi Tokens PERP, DYDX Lead Crypto Market Higher, Bitcoin Nears $44K

Supposedly censorship-resistant decentralized finance (DeFi) rails see increased activity in the wake of China’s crypto crackdown.

PERP was originally called Strike. (Shutterstock)

Videos

DeFi Tokens PERP, DYDX Lead Crypto Market Higher, Bitcoin Nears $44K

Supposedly censorship-resistant decentralized finance (DeFi) rails are seeing increased activity in the wake of China’s crypto crackdown, with bitcoin also ​trending higher. GSR Co-founder & President Rich Rosenblum discusses the connection between the China crackdown and the surge in DeFi, outlook for bitcoin, buying opportunities he’s continuing to watch, and institutional adoption.

CoinDesk placeholder image

Videos

CoinFund’s David Pakman on DeFi, NFTs, Crypto Regulation

As China moves to crack down on crypto, particularly trading with centralized exchanges, DeFi is seeing a rise. David Pakman, a managing partner at crypto VC firm CoinFund and former partner at Venrock, discusses what long-term investment opportunities he’s seeing in DeFi and NFTs, also sharing his views on crypto regulation.

CoinDesk placeholder image

Finance

Cardano’s Commercial Arm to Invest $100M in DeFi, NFTs and Blockchain Education

A “dedicated” operation will commence next year to further DeFi, NFT solutions and blockchain education efforts.

(Jelleke Vanooteghem on Unsplash)

Markets

UNI Token Rises 20% as China’s Blanket Ban on Crypto Businesses Puts Focus on Decentralized Exchanges

Investors turn away from centralized exchanges in the wake of China’s blanket ban on virtual currency businesses.

CoinDesk placeholder image

Tech

Andre Cronje’s New NFT Marketplace Is a Vampire Attack Suicide Pact

Artion, the new Fantom-based NFT marketplace, is more than a fair launch: It’s an invitation to overhaul a whole market.

(Metropolitan Museum of Art, modified by CoinDesk)

Finance

Grape Network, the Startup That Broke Solana, Raises $1.8M

Key contributor Dean Pappas said he didn’t mean for his project’s public token sale to crash an entire ecosystem. Now VCs are following suit.

(jose alfonso sierra/Unsplash)

Tech

ShapeShift Airdrops Over $2M in FOX to Active DeFi Users

Not everyone got their slice of the pie during a $100 million airdrop in July, but now they have a second chance.

(Jeremy Hynes/Unsplash)

Finance

Why Civic Technologies Is Building DeFi Identity Tools on Solana

Solrise Finance will host the Civic Pass, which aims to make DeFi chime with institutions.

Civic Technologies CEO Chris Hart (Civic)