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

Crypto Long & Short: Looking Back on a Monumental Year

Four crypto industry experts share their biggest insights from 2020 and what they mean for 2021.

Bull

Markets

How DeFi 'Degens' Are Funding the Next Wave of Open-Source Development

Gitcoin's Kevin Owocki coins the phrase "regenerative finance" to describe the future of funding open-source development.

Gitcoin founder Kevin Owocki has been a long-time advocate for public goods funding in crypto.

Markets

Opyn Upgrade Aims to Add Capital Efficiency and Liquidity to DeFi Options Market

Options marketplace Opyn is rolling out an upgrade that targets capital efficiency and liquidity in the DeFi options market.

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Markets

Who Insures the Insurer? Cover Protocol Attack Exposes DeFi’s Promise and Peril

DeFi insurer Cover Protocol, designed to reduce smart-contract failure risks, was exploited by a bug in its smart contract on Monday morning.

Voatz white-hat security research

Tech

Cover Protocol May Launch New Token Following Attack

Cover Protocol announced it’s exploring launching a new COVER token after its current one was abused in a minting attack by a “white hat” hacker on Monday morning.

hack, hacker, hoodie

Markets

Cover Protocol Attack Perpetrated by 'White Hat,' Funds Returned, Hacker Claims

The exploiter has cashed out over $4 million including about 1,400 ether, one million DAI and 90 WBTC.

hacker

Markets

DeFi Christmas: DEX Aggregator 1inch Launches Governance Token to Take On Uniswap

The token, named 1INCH and running on Ethereum, will be distributed to all wallets that have previously interacted with the platform.

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Finance

Here Comes the Open Lending Era

Open lending grew from a fringe use-case to a burgeoning engine powering the next phase of the digital economy, says the CIO of Bicameral Ventures.

alex mcdougall

Markets

Camila Russo on Building The Defiant and the Future of DeFi

The Defiant is required reading about DeFi these days. How did "one more Bloomberg journalist" become a successful media entrepreneur and influencer?

Cami Russo

Finance

Polkadot-Based DeFi Insurance App Raises $1.95M Led by KR1

Tidal will use the Polkadot blockchain to allow users to insure a set of DeFi applications against smart-contract failure or breaches.

Tide pools, seen from above