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

Market Wrap: Ether Outperforms Bitcoin as Crypto Sentiment Improves

Ether is attempting to break above the 50-day moving average for the first time since March.

Bitcoin 24-hour price chart, CoinDesk 20

Finance

Ethereum-Based Shyft Network Launches, Aims for FATF-Compliant DeFi

The mainnet will host a “decentralized SWIFT” and look to connect DeFi pools without sacrificing composability.

Shyft Network co-founder Joseph Weinberg

Markets

CoinMarketCap, Animoca Join Huobi's Public Blockchain as Validators

HECO is Huobi's answer to Binance's Smart Chain, having launched three months after BSC went live in September 2020.

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Markets

Axie Profiting From Booming NFT Economy as Bitcoin Struggles

The boom in the play-to-earn economy comes amid falling yields in the bitcoin and DeFi markets.

The popularity of Axie Infinity's marketplace is helping the price of the project's governance token, AXS.

Finance

DAO Behind DeFi Pulse Index Raises $7.7M From Galaxy Digital, 1kx

Index Cooperative will use the funding to bring its ETF-like products to other blockchain networks.

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Markets

DeFi Exchange PancakeSwap's Token Jumps 15% Amid Burn Event

Today's jump in value represents the highest single daily gain for PancakeSwap's token since June 23.

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Markets

EY Releases Zero-Knowledge Layer to Tackle Increasing Ethereum Costs

The tool was built to address network congestion and rising transaction costs brought about by the growth of decentralized finance (DeFi).

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Markets

DeFi Protocol Tranchess Raises $1.5M in Seed Round Led by Three Arrows, Spartan

Money raised will go toward furthering the project's expansion while completing the development of its DAO.

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Finance

Aave, Fireblocks and Galaxy Explore Next Steps Toward Permissioned DeFi

The whitelisting and blacklisting of DeFi participants will make life easier for institutions, but potentially at a cost.

Stani Kulechov, founder and CEO of Aave, speaks at Consensus 2019.

Finance

BaFin-Licensed DeFi Firm Swarm Starts Onboarding $15M of Pledged Liquidity

Swarm Markets, which claims to be the world’s first regulated DeFi protocol, says 250 customers have ponied up funds.

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