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.


Videos

Dfinity Foundation’s Internet Computer Blockchain Brings Smart-Contract Capabilities to Bitcoin Network

Blockchain company Dfinity’s Internet Computer Protocol (ICP) is integrating with bitcoin to enable smart contracts on BTC. Following a community vote to upgrade the network, it will allow developers to let their creativity run wild in developing all manner of Web 3.0 services, already seen on Ethereum from DeFi to NFTs.

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Finance

Umbrella Network Acquires Digital Advertising Oracle Lucidity for ‘Tens of Millions’

Lucidity says its oracles resolve data discrepancies by targeting fraud and waste in advertising spending and by enabling a transparent supply chain evaluation.

(Inset Agency on Unsplash)

Finance

EToro Offers DeFi Diversification With New Portfolio

EToro’s DeFi portfolio is made up of 11 DeFi assets, including ETH, ALGO, UNI and LINK.

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Finance

Custodian Cobo Wallet Closes $40M Series B to Expand Institutional DeFi Offerings

The firm wants to expand its so-called “DeFi as a Service (DaaS)” product.

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Tech

Pussy Riot, Ex-Bloomberg Reporter Join ‘Seed Club’ Crypto Accelerator

Seed Club offers mentorship and education in exchange for 3% of a project’s token supply.

Markus Spiske/Unsplash

Tech

1inch Bolsters Arbitrum DeFi Ecosystem With Exchange Aggregation

The exchange aggregator will provide traders liquidity from five different automated market makers on the layer 2 network.

1inch co-founders Anton Bukov (left) and Sergej Kunz (1inch Network)

Finance

DeFi Platform Kava Launches $185M Fund to Onboard New Projects

The Ignition Fund will be used to speed up the process of adding vetted projects to the Kava Ecosystem.

The kava plant

Tech

Valid Points: Are We Witnessing the Death of DeFi Tokens?

Most major DeFi tokens are losing their allure and finding themselves in a seven-month downtrend relative to ether.

(Anton Petrus/Moment/Getty Images)

Finance

Get Ready for Investor Fan Tokens: Polychain Backs Prysm’s Approach to ‘Social Investing’

The platform aims to let new traders follow “the best investors in DeFi.”

Prysm founders Thomas Scaria (left) and Shelby Thomas (Prysm)

Videos

Polkadot’s Gavin Wood: DeFi Regulation Is ‘a Good Thing’

Gavin Wood, CEO of smart contract blockchain Polkadot, which issues its native token DOT, discusses why regulation is good for DeFi, adding it would force projects and platforms to be truly decentralized, and it would weed out projects with more centralized elements.

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