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.


Opinion

DeFi Shouldn't Have to Worry About the SEC’s Expanded Broker Rule

A move to expand regulatory oversight over hedge funds and market makers could also rope in AMMs, experts say. But if these protocols cannot comply, is it really a threat?

Securities and Exchange Commission Chairman SEC Gary Gensler (Jesse Hamilton/CoinDesk, modified)

Policy

U.S. SEC Clears 'Dealer' Rule Expansion That Could Rope in DeFi

The Securities and Exchange Commission approved a final rule Tuesday that DeFi interests call "hostile" to that sector, potentially requiring projects to register as dealers.

Chair Gary Gensler's U.S. Securities and Exchange Commission is weighing Hashdex's ETF application, which analysts suggest could have a leg up because of its novel approach.  (Jesse Hamilton/CoinDesk)

Tech

Hashnote's U.S. Treasuries Token Now Available Through Crypto Custodian Copper

Not all the so-called “on-chain treasuries” in the market are created equal, warns Hashnote CEO Leo Mizuhara.

DeFi, T-bill, Yield, Paradigm

Tech

Sui Becomes a Top 10 DeFi Blockchain in Less Than a Year

Developers on Sui are building products that people are using to address real-world challenges, according to Greg Siourounis, Sui's managing director.

(Shubham Dhage/ Unsplash)

Finance

MIM Stablecoin Suffers Flash Crash Amid $6.5M Exploit

Certrik suggests the exploit could be due to a rounding error.

Hacker (Towfiqu Barbhuiya/Unsplash)

Finance

Fintech Provider Portal Raises $34M Seed Round for Bitcoin-Based Decentralized Exchange

Portal aims to offer a decentralized infrastructure for peer-to-peer swapping of BTC across different blockchains without the need for intermediaries, which heighten the risk of hacks.

16:9 Portal, door, entrance (Tama66/Pixabay)

Markets

dYdX Tops Uniswap as Largest DEX by Volume

The decentralized exchange, which last year moved over to the Cosmos blockchain, just saw $757 million of volume over a 24-hour period.

Coinmarketcap

Tech

MetaMask's Secret Project Could Shake Up How Ethereum Works

MetaMask is quietly testing new tech that uses third parties to route user transactions. It will eventually be made available outside of MetaMask and will be closely scrutinized for how it manages to avoid centralization concerns.

MetaMask has quietly rolled out a limited version of its new routing tech into the new Smart Swaps feature (MetaMask, modified by CoinDesk)

Opinion

DeFi Fumbled Its Post-FTX Advantage in 2023, but There’s Still Hope for 2024

Major factors indicate that this could be a breakout year for decentralized infrastructure, SynFutures CEO Rachel Lin writes.

Decentralized finance activity is starting to pick up. (Alina Grubnyak/Unsplash)

Finance

Manta Pacific Replaces Base as Fourth Largest Scaling Solution: L2Beat

Manta Pacific is the native layer 2 of the Manta Network.

L2Beat: Scaling solutions ranked as per TVL (L2Beat)