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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.
Binance’s CZ: Binance Smart Chain Is ‘Not Trying to Be the Ethereum Killer’
Binance CEO Changpeng “CZ” Zhao explains why the world’s largest cryptocurrency exchange is tapping into the decentralized finance (DeFi) trend with Binance Smart Chain. He also tells CoinDesk reporter Muyao Shen why he doesn’t view Ethereum as competition.
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 narkets 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.
First Mover: OKEx Private Key Snafu Sends Bitcoin Lower as China DeFi Rises
OKEx withdrawal suspension sends bitcoin lower, China becomes hotbed of DeFi development, Filecoin first-day trading leaves market cap above $800M.
DeFi Audit Firms Seeing 'Overwhelming Demand' Even Amid Token Price Slump
Overbooked audit firms are “rejecting” DeFi projects for code checks as the young sector wallows in its first bear market.
How the DeFi Craze Made Its Way to China
DeFi is booming in China, with startups adapting and building on popular western projects within the nation's active crypto economy.
First Mover: As Ethereum Enthusiasm Builds, 'Bear Case' Could Still See Prices Double
There's a lot of money to be made in and around maturing Ethereum-centric markets, where a "bear market" means prices double.
Bloq Enters DeFi World With Simplified Staking Product 'Vesper'
Vesper will pool and stake deposited ether (ETH), wrapped bitcoin (wBTC) or tether (USDT) across DeFi protocols selected on the basis of a user’s risk preference starting mid-November.
Binance’s CZ Views ‘CeDeFi’ as a Complement, Not a Competitor, to DeFi
Binance’s latest experiment to integrate decentralized finance with its centralized platform, Binance Smart Chain, is not here to beat DeFi, said the company’s CEO during CoinDesk’s invest: ethereum economy program.
Market Wrap: Bitcoin Slips to $11,300; Ether Locked in DeFi Is Flat
Bitcoin’s price is slipping while the amount of ether parked in DeFi is stuck in neutral.
Boardroom Raises $2.2M for Blockchain Governance Toolset
Blockchain governance suite Boardroom has announced a $2.2 million funding round led by Standard Crypto, with additional participation from Variant, CoinFund, Framework and Slow Ventures.
