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.


Technology

DeFi-Powered Social Token Site Rally Submits Plan to Decentralize Itself

The proposed road map would see the "creator coin" platform split up into a venture studio, a DAO, a Swiss non-profit and more.

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Markets

Avalanche's AVAX Token Jumps on $180M Incentive Program

AVAX's price has more than doubled in the past month, according to data from Messari.

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Markets

Impossible Finance Names OpenSwap as First Project for DeFi Launchpad

The OpenSwap platform allows users to access liquidity pools from different blockchains.

OpenSwap is an interchain liquidity booster.

Markets

ShapeShift, DAOs and the Future of Work

The ShapeShift exchange recently became a decentralized autonomous organization, and DAOs are common in DeFi. Are they the startups of the future?

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Technology

White Hats Just Defused a Potential $350M Heist on SushiSwap

“Chad af,” one Twitter user commented on the rescue action.

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Finance

SuperRare Drops RARE Token to Decentralize NFT Marketplace

The announcement follows a wave of activity in the NFT space.

Fire Castle, an AI-generated landscape available on SuperRare.

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Poly Network Hacker Prolongs Return of Stolen Funds

The hacker behind the Poly Network cyberattack has yet to complete the total return of the roughly $600 million stolen and is also reconsidering accepting Poly’s $500,000 “Bug Bounty” reward to pay anyone who can hack the DeFi site.

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Markets

The Poly Hack and Crypto's Trust Issues

In crypto, you shouldn't have to ask who you can trust. But as the Poly Network hack and its resolution have showed, you absolutely do.

Jack Nicholson plays the Joker in the movie "Batman," directed by Tim Burton.

Technology

DeFi’s 1inch Network Launches on Ethereum Scaling Platform Optimism

The DEX aggregator is making a big bet on Ethereum scaling projects, with other networks under consideration.

Left to right: 1inch co-founder Anton Bukov, co-founder Sergej Kunz and smart contract developer Mikhail Melnik.

Finance

Ex-Goldman Sachs Traders Raise $4M for DeFi Risk Management Startup

Ondo Finance is looking to attract institutional investors to the world of DeFi lending.

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