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

Crypto App Alice Raises $2M for US-Centric Terra DeFi Portal

Backed by Arrington Capital, the app will try to replicate host blockchain Terra’s South Korea successes in the U.S.

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Markets

Huobi Group's Investment Arm Dedicates $100M to DeFi, Mergers

Huobi Ventures will consolidate the firm's investment strategy.

Huobi Ventures is dedicating $100 million to supporting DeFi projects.

Markets

DeFi Protocol xToken Suffers $24.5M Exploit

The protocol said minting has been paused on all contracts while an investigation takes place.

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Finance

Slingshot Picks Ethereum Layer 2 Polygon for Full Launch

Trading on Ethereum will be added further down the line, said CEO Clinton Bembry. But for now, “insane transaction fees” were effectively pricing people out of DeFi.

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Finance

DAO Raises $7M to Acquire and Fractionalize NFT Collections

JennyDAO wants to make rare non-fungibles more accessible for backers big and small.

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Markets

Yearn.finance's YFI Token Surges 22% to New Record as DeFi Platform Adds Collateral

Since April, collateral locked in the digital-asset investing platform has more than doubled, outpacing industry growth.

Yearn.finance's token (YFI)

Tech

Balancer V2 Goes Live, Promising Reduced Gas Fees for DeFi Traders

In a bid to reduce Ethereum fees on the platform, all pools managed by Balancer will now be administered from a single vault.

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Finance

DARMA Capital Bets $3M on Scalable DeFi Exchange With Settlement Finality

Nahmii, not Polygon, is where DARMA is placing its bet on layer 2 scaling solutions.

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Finance

Brooker Group to Invest Almost $50M in DeFi, Dapp Startups

The publicly listed company said it already holds bitcoin.

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Policy

DeFi Is Not TradFi: Why FATF's Guidance Would Stifle Growth

FATF may have DeFi in its sights, but Aave general counsel Rebecca Rettig is keeping watch on the watchdog.

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