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

DeFi and the 3 Cs

The purely collateral-based type of lending practiced so far in decentralized finance has limitations. Reputation systems may widen the possibilities.

Daniel Thomas/Unsplash

Finance

Andreessen Horowitz Seeks Token Delegate Applicants for Uniswap, Other DeFi Holdings

The venture capital giant is spearheading a new framework for decentralized governance.

DeFiance Capital's Arthur Cheong is raising a new liquid venture capital fund.

Finance

Algorand Foundation Launches $300M DeFi Innovation Fund

The Viridis DeFi Fund will support development of DeFi applications such as exchanges, money markets and NFT platforms.

US Dollars

Videos

UK Post Office to Offer Crypto Purchases to Some Customers Starting Next Week

Beginning next week, the U.K.’s Post Office will offer users the ability to purchase crypto through its identity-verification service, EasyID, using a voucher system from Swarm Markets. Some suggest the integration may expose more people to decentralized finance (DeFi) through Swarm’s yield farming offering.

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Videos

Algorand Foundation Launches $300M DeFi Innovation Fund

The Algorand Foundation has launched a 150 million ALGO (US$300 million) fund to support innovation in decentralized finance (DeFi) applications such as exchanges, money markets and NFT platforms on the Algorand network. “The Hash” squad discusses the details and implications for the larger ​DeFi landscape.

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Finance

Crypto Can Do Better Than ETFs

The founder of WallStreetBets says crypto-native tools like on-chain asset management and smart contracts are the next step for financial products.

Patrick Weissenberger/Unsplash

Policy

BIS Signals Central Banks to Start Work on CBDCs

The head of the BIS Innovation Hub says central banks must retain the ability to uphold financial stability.

Benoit Coeure, executive board member of the European Central Bank (ECB), pauses at the central, eastern and south-eastern European economies (CESEE) conference at the European Central Bank (ECB) headquarters in Frankfurt, Germany, on Wednesday, June 12, 2019. International Monetary Fund leader Christine Lagarde called on governments to de-escalate current trade disputes and instead work to fix the global system. Photographer: Andreas Arnold/Bloomberg via Getty Images

Tech

DEX Aggregator ParaSwap Deploys on Avalanche

It’s already on Ethereum, Polygon and Binance Smart Chain. Now ParaSwap is expanding to Avalanche – with incentivized products in the works.

ParaSwap is parachuting onto the Avalanche blockchain. (Tomas Sobek/Unsplash)

Tech

Fractionalized NFTs Get Funding Boost as SZNS Raises $4M From Framework, Dragonfly

As PleasrDAO and Paperclip grab headlines, a new service is aiming to popularize DAO-governed NFT collecting and investing.

(Unsplash/Christina Rumpf)

Tech

Harmony Has $300M for Projects Looking to Expand Beyond Ethereum

The blockchain’s Harmony Foundation is offering a boatload of ONE tokens to attract top projects.

CELEBRATING ONE: The Harmony team. (Courtesy photo)