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

Polygon Launches $100M Fund to Support DeFi Adoption

The Ethereum scaling project says its #DeFiforAll Fund aims to onboard "the next million users" to decentralized finance.

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Markets

Serum Token Becomes Latest Project in Bankman-Fried Empire to Turn Heads

FTX-backed serum has surged to an all-time high price.

FTX CEO Sam Bankman-Fried

Finance

Bumper, a DeFi-Based Crypto Volatility Protection Plan, Raises $10M

The project shields users from crypto’s dips. Under the hood, it’s all about DeFi.

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Finance

'AWS for Blockchains' Alchemy Closes $80M Funding Round at $505M Valuation

Alchemy powers most of DeFi and almost all the big NFT platforms. The round was co-led by Coatue Management.

Left to right: Joe Lau, Alchemy co-founder, and chief technology officer; Nikil Viswanathan, Alchemy co-founder and CEO; John Hennessy, Google chairman and Alchemy investor

Markets

DeFi Pushes ETH Loans at Genesis to New Highs as BTC Rates Drop

ETH loans now make up 27% of Genesis’ loan book, as hedge funds get more comfortable with DeFi.

Genesis Trading CEO Michael Moro speaks at Invest: Asia 2019.

Finance

Volt Capital Unveils $10M Fund Backed by CMT Digital, Balaji Srinivasan

Soona Amhaz’s venture firm has been quietly making equity plays across the crypto space for seven months.

Volt Capital General Partner Soona Amhaz

Markets

Yearn Finance Earns $5M in Q1, Besting Total 2020 Profit

DeFi's original robo adviser for yield is betting on transparency as it grows through the bull market.

Farming continues in 2021.

Markets

DeFi Will Decentralize the Enterprise

The real innovation of decentralized finance (DeFi) is decentralization, not finance, our columnist says.

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Finance

DeFi Portal 1inch Launches Wallet on iOS App Store

1inch routes trading orders for tokens on Ethereum and Binance Smart Chain (BSC).

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

Videos

Will Volatility Keep Bitcoin Below $60K?

Bitcoin has been taking a breath after rocketing past $60K last month, but when will bitcoin resume its ascent? Daniel Lacalle, chief economist at Tressis Gestión, joins “First Mover” to weigh in on the current state of the crypto markets and share his thoughts on the outlook for DeFi.

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