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

Mark Cuban Backs Crypto Data Startup Esprezzo in $2M Funding Round

Arrington Capital and CMS Holdings also invested in the three-year-old on-chain automation startup.

Add Polygon to the list of crypto and DeFi startups Cuban has backed so far.

Markets

Shanghai-Backed Conflux Blockchain Wants to Bring DeFi to China

The company told CoinDesk that even though ICOs and fiat-to-crypto trading are not allowed in China, crypto-to-crypto trading is not banned.

Conflux co-founders Ming Wu and Fan Long

Markets

Chainlink Integration Connects Filecoin to Smart Contract-Enabled Blockchains

The integration will enable connection between Filecoin and Ethereum and other smart contract-enabled blockchains.

Juan Benet of Filecoin

Tech

DeFi Should Look Beyond Tech Hubs for Growth

For DeFi to become a consumer-led phenomenon, it needs to stop focusing on places that already have good banking solutions.

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Tech

Uniswap V3 Introduces New License to Spoil Future SUSHIs

Included in the new Uniswap white paper is a “business source license” that acts as a time delay against would-be copycats.

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Tech

Uniswap Unveils Version 3 in Bid to Stay DeFi's Top Dog

V3 of the automated market maker is penciled in for an Ethereum mainnet launch on May 5.

Uniswap has become Ethereum's most prominent DEX.

Finance

Teller Finance's Mainnet Launch Puts NFTs to Work – But Not How You Expect

Collectibles meet liquidity provision as Teller Finance brings unsecured lending to DeFi via fintech giant Plaid.

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Markets

Market Wrap: Bitcoin Near $56K, Struggles With Flat Activity on Exchanges

As of March 21, there were fewer than 2.44 million BTC available on exchanges, the lowest amount since August 2018.

CoinDesk Bitcoin Price Index

Videos

What’s a ‘Poisoned’ Sandwich Trade on a Decentralized Exchange?

Experienced DeFi traders have been serving newbies a tainted lunch. Automated “sandwich bots” help traders manipulate prices on decentralized exchanges to siphon profits from less-experienced users. CoinDesk tech reporter Will Foxley breaks down how one DeFi trader took revenge on a mining pool by tricking its sandwich bot into purchasing fake tokens for real ETH.

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Videos

Financial Watchdog Group Updates Guidance Affecting DeFi, NFTs

The Financial Action Task Force (FATF), a global financial watchdog organization, has updated its guidance on crypto assets to be more inclusive of recent market changes, including the NFT boom and growing interest in decentralized finance. Siân Jones of XReg Consulting weighs in on what the updated guidance means for crypto regulation.

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