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.


Tech

Fantom Commits $314M in FTM to Boost Ecosystem Development

Projects are rushing to claim a piece of the DeFi pie with hundreds of millions in incentives, but not all implementations are equal.

It's bridge season. (Kyle Myburgh/Unsplash)

Tech

Polkadot’s Parallel Finance Raises $22M at $150M Valuation

The startup wants to become a DeFi “brand” across multiple blockchains.

Parallel lights, Parallel Finance. (Martin Sanchez/Unsplash)

Finance

Celo Taps Aave, Curve, Sushi and More in $100M DeFi Incentive Program

The phone-focused proof-of-stake chain is betting big on user adoption in collaboration with Ethereum’s top DeFi platforms.

Celo team

Finance

Avalanche Added to DeFi Exchange Aggregator OpenOcean

The trading portal is adding Avalanche to its mix of networks.

(Silas Baisch/Unsplash)

Finance

DeFi Protocol Cream Finance Hacked for Second Time This Year

The attacked drained just over $25 million of AMP tokens and ether.

hack

Markets

Solana, Boosted by Move Into NFTs, Enters List of Top 10 Cryptocurrencies by Market Cap

Institutional demand for SOL has increased in recent weeks.

Solana COO Raj Gokal, left, and CEO Anatoly Yakovenko

Markets

Market Wrap: Bitcoin and Stocks Rise on Dovish Fed

Bitcoin returns above $48,000 as risk rally continues.

Bitcoin 24-hour chart, CoinDesk 20

Markets

DeFi Protocol Tranchess Surpasses $1B in Total Value Locked in Two Months

The project has been rising quickly in DeFi Llama’s rankings of DeFi platforms.

Chess king

Finance

RLY Holders Approve Social Token Platform’s Decentralization Plan

The proposal’s 36 voters unanimously backed Rally’s plan to spawn a venture studio, an Asia-focused affiliate and other new entities.

Bremner Morris, the new CEO of Rally's U.S. entity. (Rally)

Videos

A16z Details Its New Approach to Crypto Governance

Perhaps the most powerful force in decentralized finance (DeFi) governance, venture capital (VC) giant Andreessen Horowitz (a16z), said it would “open source” its DeFi delegation procedures. The move comes after a pair of controversial votes in Uniswap’s DAO governance system.

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