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

Opium Raises $3.3M to Make Exotic Crypto Derivatives Available to All

Opium has closed a $3.25 million funding round for its BYOD (build your own derivative) platform

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Tech

Uniswap Proposal to Airdrop More UNI Falls Short in Governance Vote

The votes were staggeringly in favor, but a quorum was not reached, and Uniswap’s second-ever governance proposal has been defeated.

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Tech

MakerDAO Members Voting on a Safeguard Against BProtocol Flash Loan-Type Attack

The MakerDAO community is voting on a proposal to harden the protocol's governance structure against flash loan voting.

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Videos

Former DragonFly Managing Partner Joins Huobi to Invest ‘Tens of Millions’ in DeFi

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.

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Finance

ETH Gobbles Up Larger Share of Genesis Loan Book as Trading Firms Feast on DeFi Summer

Genesis Trading saw the share of bitcoin in its loan portfolio drop, mainly due to demand for liquidity mining on DeFi protocols.

Genesis CEO Michael Moro speaks at Invest: Asia 2019.

Finance

Uniswap's $40M Governance Vote Closes on Halloween and Some UNI Holders Fear for Price

Should users who interacted with Uniswap through a third-party interface be entitled to the free UNI tokens other users received on Sept. 17?

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Tech

Harvest Finance Boosts Bounty to $1M for Information Leading to Return of Exploited Funds

Harvest Finance is offering $1 million for information leading to the return of funds from Monday's $24 million exploit.

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Tech

'Flash Loans' Have Made Their Way to Manipulating Protocol Elections

BProtocol used a flash loan to speed up election results on MakerDAO. The DeFi platform is now weighing changes to its voting process.

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Finance

All-In on DeFi: Why the Days of Centralized Exchanges Are Numbered

The CEO of Binance on why DeFi will come to dominate CeFi.

Binance CEO Changpeng Zhao

Markets

Huobi Beefs Up Venture Arm With Former DragonFly Partner Leading DeFi Investments

Alex Pack from DragonFly will Join Huobi to help invest "tens of millions of dollars" in decentralized finance.

Alex Pack, a former managing partner at crypto investment firm Dragonfly Capital