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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.
Record $166M Ethereum Fees Last Month Were 6 Times Bigger Than Bitcoin's
Ethereum continues to outpace Bitcoin in transaction fees, with DeFi mania helping push total fees to $166 million last month.
DeFi Buzz Drove Record $12M Earnings This Summer, Says Ethereum Miner HIVE Blockchain
The ether miner has reported its best ever quarter, saying that surging interest in DeFi led to bumper transaction fee revenues.
MakerDAO Adds Chainlink, Compound, Loopring as Collateral Options
MakerDAO has voted to add support for a trio of new tokens for the decentralized finance (DeFi) loans that generate DAI stablecoins.
Market Wrap: Bitcoin Retests $10.8K; Total Value Locked in DeFi Hits $11B
Bitcoin price is flirting with $10,800 territory while DeFi soldiers on.
DeFi Summer; Bitcoin Fall
The attention may have been with DeFi when it was warm, but as the cold winds of COVID-19 return fears and election volatility blow, bitcoin is resuming narrative dominance.
First Mover: Chainlink’s Sorry September Returns Shows DeFi Hysteria Deflating
Chainlink's LINK has been the worst-performing digital asset in September in the CoinDesk 20, during an ugly month across cryptocurrency markets.
Reef Finance Raises $3.9M for Cross-Chain DeFi on Polkadot
DeFi on Ethereum is costly and congested. Can other base layers step up? Polkadot's Reef Finance has raised $3.9 million to try.
DeFi 'Vampire' SushiSwap Still Hemorrhaging Liquidity
Uniswap challenger SushiSwap continues to lose vital liquidity, with total value locked falling by 8% in the past 24 hours.
Compound, Gauntlet Founders Raise $4M for New DeFi Scout Fund
Robert Leshner's Robot Ventures has secured $4 million in funding from Galaxy Digital and Paradigm to find early opportunities in DeFi.
So Now They’re Hacking DeFi Protocols Before They’ve Even Launched?
When the DeFi degens caught wind of a new pre-release Andre Cronje project they piled in, only to get $16 million hacked away in a flash.
