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.


Finance

Starknet Foundation to Allocate 1.8B STRK Tokens 'Soon'

Starknet said 900 million STRK are earmarked for the foundation’s Provisions Committee, and 900 million will be dedicated to user rebates.

StarkWare co-founders President Eli Ben-Sasson and CEO Uri Kolodny (StarkWare)

Finance

Solana Protocol Kamino Eyes Airdrop Following Jito Token Launch

Solana's SOL token has more than tripled since mid-October as DeFi traders return to the ecosystem's on-chain trading, borrowing, lending and yield-generating projects, most notably Kamino.

Solana party in Lisbon (Danny Nelson/CoinDesk)

Opinion

Code Is Not (Always) Law

Sometimes, the law is the law, industry experts say.

(Kenny Eliason/Unsplash, modified by CoinDesk)

Markets

Galaxy-Backed Gyroscope's 'All-Weather' Decentralized Stablecoin Goes Live on Ethereum Mainnet

The GYD dollar-pegged token aims to protect against the risks of holding stablecoins by offering an alternative to centralized and algorithmic designs.

Gyro stablecoin (Gyroscope)

Videos

DeFi Market Rebounds to $50B as Speculators Hunt for Yield

The total amount of capital locked or staked across all DeFi protocols reached $50 billion on Tuesday for the first time in six months, as the value of underlying assets surged and investors sought to secure a yield on their crypto holdings. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Recent Videos

Consensus Magazine

The Funniest Anon on Crypto Twitter

Gwart has the ear of DeFi’s elite. What they don’t know is that crypto’s truth-telling funnyman is secretly a Bitcoiner.

(CoinDesk)

Finance

DeFi Market Rebounds to $50B as Speculators Hunt for Yield

An uptick across Solana-based protocols coupled with more than $700 million in deposits to Blast has fueled growth of the value locked in decentralized finance.

DeFi TVL and volume (DefiLlama)

Consensus Magazine

Antonio Juliano: Uprooting a Successful Exchange to Explore the Cosmos

Juliano's dYdX switched from Ethereum to Cosmos in one of the year's biggest blockchain defections. The project has big plans for 2024.

Antonio Juliano (Mason Webb/CoinDesk)

Consensus Magazine

Shytoshi Kusama and the SHIB community Proved that ‘Meme Coins’ Are No Joke

With the launch of Shibarium this year, Shytoshi Kusama and the SHIB community have established themselves as a force to be reckoned with in DeFi and Web3.

Shib/Shytoshi Kusama (Mason Webb/CoinDesk)

Consensus Magazine

Hayden Adams: From Ethereum Idealist to Business Realist at Uniswap

Uniswap, the first decentralized crypto exchange of its kind, was Adams’ first and greatest contribution to Ethereum. The latest V4, inviting praise and criticism, earns him a spot on the Most Influential 2023.

Uniswap's Hayden Adams (portrait by Mason Webb for CoinDesk)