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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.
Banking App Current Picks Polkadot for its DeFi Debut
Fintech firm Current announced that it will become more active in the Polkadot space. Current will serve as a validator on the Polkadot network and plans to integrate Acala, a Polkadot-based decentralized finance (DeFi) platform, into its banking app.
Common Protocol Raises $3.2M to Streamline DeFi Governance
The project looks to help token investors keep track of governance discussions across multiple blockchains.
Will Bitcoin Drop Again Before Bouncing Back?
Bitcoin is up slightly from its most significant pullback this year. Analyst Nick Mancini of Trade the Chain thinks it could drop a second time before recovering. Mancini joins “First Mover’ to discuss Trade the Chain’s “neutral” outlook on bitcoin and why he’s bullish on ether and DeFi.
Banking App Current Picks Polkadot for Its DeFi Debut
The banking app with 3 million users will serve as a Polkadot validator as it plans deeper crypto moves.
DeFi Platform DeversiFi Raises $5M in Bid to Scale Trading on Ethereum
DeversiFi’s platform is intended to stop small and mid-size investors from being deterred by high gas fees on Ethereum.
DeFi Dashboard Zapper Raises $15M to Create On-Platform App Store
In a star-studded funding round that included Mark Cuban and Ashton Kutcher, the DeFi service aggregator Zapper raised $15 million to develop an on-platform app store. “The Hash” panel breaks down how Zapper can make DeFi more user-friendly and attract new investors to the DeFi space.
DeFi Dashboard Zapper Raises $15M to Build On-Platform App Store
Framework Ventures led the round with Mark Cuban and Ashton Kutcher also signing checks.
bEarn Fi Loses $11M in Latest Exploit of a Binance Smart Chain DeFi Protocol
The cause of the attack is still under investigation.
Terra’s 25-Fold Price Jump This Year Shows Growing Bet on Algorithmic Stablecoins
The South Korean-based stablecoin platform Terra has seen its market capitalization overtake better-known decentralized rival Maker's.
Cryptocurrency Custodian Anchorage Adds Five More DeFi Tokens
In a further sign of "institutional DeFi" momentum, the regulated custodian is adding 1INCH, BNT, CRV, REN and SUSHI.
