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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.
RAC on DeFi and Yield Farming: ‘These Days It Feels Like a Full-Time Job’
RAC, the Grammy Award-winning artist and part-time yield farmer says that “these days it feels more like a full-time job.” RAC joins CoinDesk senior markets reporter Daniel Cawrey to discuss a day in the life of a musician turned yield farmer during lockdowns, the end of DeFi and the future of NFTs.
Former DragonFly Managing Partner Joins Huobi To Help “Tens of Millions” DeFi Investment
Alex Pack from DragonFly will Join Huobi to help invest tens of millions of dollars in decentralized finance, as the firm behind the top centralized exchange pushes forward its ambition in both DeFi and the market in the West.
Market Wrap: Bitcoin Briefly Slips Below $19,000; ETH Locked in DeFi Crosses Over 7M
A bit of bitcoin price dumping occurred Monday while some investors dove back into DeFi with their ether.
Bequant, Global Digital Finance Look to Create Best Practices for DeFi
A working group wants to create some best practices for decentralized finance in an effort to improve adoption while warding off potential regulations.
Terra Brings 24-Hour Trading to Synthetic Versions of Stocks Like TSLA and AAPL
The creators of the stablecoin platform Terra are launching Mirror Protocol, a way to mint crypto assets that mimic U.S. stocks.
Valuing Open Source: Principles for Acquiring DeFi Projects
As DeFi sees its first M&A, we’re left with a big question: How do you value an open-source project in a very new industry?
Aave Launches V2 in Bid to Make Borrowing Against Volatile Assets Less Risky
DeFi platform Aave has rolled out its second version, with several features that should make it more flexible and more capital efficient.
$10.8M Stolen, Developers Implicated in Alleged Smart Contract 'Rug Pull'
Rogue developers seem to have rug-pulled their own project, Compounder Finance, netting some $10.8 million in funds from the project’s investors.
1inch Raises $12M to Keep Up With DeFi's Growing Crop of DEX Aggregators
Decentralized exchange (DEX) aggregator 1inch has closed a $12 million funding round led by Pantera Capital.
Yearn Finance Set to Gobble Up SushiSwap for Its Fifth DeFi Merger
Yearn Finance is eyeing yet another merger – only this time, the candidate, SushiSwap, has a larger market size than Yearn itself.
