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

Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before Launch

Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins.

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Finance

New $50M Venture Fund Aims to Bridge East-West DeFi Investment Divide

Spartan Group's new fund has raised over $30 million in its first round, with a further $20 million expected to be raised in March or April.

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Markets

Market Wrap: The 'Elon Effect' Blasts Bitcoin to $44.8K While Ether Moons

Bitcoin and ether had record-breaking days while trending more together.

CoinDesk 20 Bitcoin Price Index

Markets

Cardano, Polkadot Market Caps Surpass XRP as Some Bet on Alternatives to Ethereum

The price of gas continues to rise on Ethereum, squeezing smaller retail traders using DEXs.

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Finance

Hardware Wallet Maker Ledger Adding DeFi Support to Mobile App

The updated app will let users connect to decentralized apps via an integration with open-source protocol WalletConnect.

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Tech

If Whales Move the Market, UniWhales Is the Whale Whisperer

Want to see how DeFi’s biggest players are trading?

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Finance

0x Labs Closes $15M Fundraising Round as ZRX Finds DeFi Market Fit

Sorry, Matcha fans: No plans for a new token to airdrop.

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Markets

DeFi Season? LINK, AAVE, ZRX and COMP Hit Record Price Highs, Outperforming Bitcoin

An analyst expects DeFi tokens to mimic bitcoin's 2017 bull run this year.

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Tech

DeFi Project ArmorFi Awards $1.5M Bounty for Bug Alert That Potentially Saved Its Reserves

ArmorFi's CTO has also offered to get a tattoo chosen by the ethical hacker who found the bug.

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Tech

Yearn Finance DAI Vault 'Has Suffered an Exploit'; $11M Drained

“Attacker got away with 2.8m, dai vault lost 11.1m,” a Yearn Finance developer posted in Discord.

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