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

Ethereum Classic Gets DeFi Treatment With Wrapped ETC

Ethereum Classic wants to play in the decentralized finance (DeFi) space of the blockchain from which it contentiously split in 2016.

James Wo, founder and chairman of ETC Labs

Markets

Origin Protocol Loses $7M in Latest DeFi Attack

Stablecoin project Origin Dollar (OUSD) sustained a re-entrancy attack at 00:47 UTC Tuesday resulting in a loss of funds worth $7 million.

OUSD suffered a flash loan attack.

Tech

DeFi Project Akropolis Drained of $2M in DAI

Decentralized finance platform Akropolis’ yCurve pools have been drained resulting in the loss of $2 million.

miltiadis-fragkidis-LTRB5CiM0Yo-unsplash

Finance

Why DeFi Needs to Branch Out From Ethereum

For its long-term viability, decentralized finance cannot be defined by a single blockchain network.

kyle-hinkson-xyXcGADvAwE-unsplash

Finance

DeFi Dashboard Zapper Snags New Funding From Delphi and Coinbase Ventures

Zapper announced Thursday an extension of its seed investment round with new backing from Delphi Digital and Coinbase.

michael-dziedzic-afzXlRTNdQI-unsplash

Markets

Total Value Locked in DeFi Sector Hits Record $13.6B

The U.S. dollar value of the cryptocurrency liquidity locked up in decentralized finance is surging, buoyed by big gains for some lesser known projects.

lock

Tech

MakerDAO's DAI Stablecoin Breaks $1B Market Cap

The stablecoin dai (DAI) broke a market capitalization of $1 billion on Wednesday, a major milestone for the DeFi pioneer.

Maker Foundation CEO Rune Christensen.

Tech

Flash Loans Aren’t the Problem, Centralized Price Oracles Are

Flash loans attacks have received a lot of press attention. But they're not DeFi's biggest vulnerability, says Chainlink's CMO.

photo-1523961131990-5ea7c61b2107

Finance

Ethereum Heavyweights Launch LiquidStake Loans to Ease Eth 2.0 ‘Lockup’

LiquidStake will allow Eth 2.0 stakers to take out USDC loans against their staked assets while earning staking rewards from the new network.

Andrew Keys

Finance

TrustToken Taps Chainlink for On-Chain Proof of Reserves for TrueUSD Stablecoin

The transparency measure is meant to provide additional certainty for decentralized finance (DeFi) traders who often rely on asset-backed stablecoins.

shutterstock_19588447