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.


Markets

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.

CoinDesk 20 Bitcoin Price Index

Technology

What Yearn Finance’s ‘Blue Kirby’ Incident Means for Pseudonymity

DeFi investors are reeling from another case of pseudonymous treachery as Yearn.Finance community leader Blue Kirby allegedly absconded with ill-gotten gains.

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Finance

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.

board chairs

Markets

COTI Launches Decentralized 'Fear Index' for DeFi Markets

"Traders can hedge themselves against a potential rise in the DeFi market volatility by taking a long position in the cVIX," according to COTI.

Another "fear index," just in time for Halloween.

Finance

Coinbase Wallet Users Can Now Purchase Crypto Inside the App

For Coinbase users who don’t want to keep their funds on an exchange, the buying and storing crypto just became a lot easier.

Coinbase

Finance

Securitize Is Taking Ethereum-Based Securities Into the DeFi Realm

Securitize is teaming with a protocol called Tinlake from Centrifuge, which uses a clever system of NFTs to put real-world assets into DeFi.

Securitize CEO Carlos Domingo

Finance

DeFi Project Aave Raises $25M From Blockchain.com and Other Investors

Blockchain Capital, Standard Crypto, and Blockchain.com Ventures all joined the investment for the third-largest DeFi protocol.

ghost, casper, phantom

Technology

Yearn.Finance's Creator Says He's Quit DeFi, but Project Has Bench Strength

Andre Cronje, the prolific coder and creator of Yearn, said he's quit the project – and decentralized finance (DeFi) altogether – out of frustration with its realities.

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Voyager CEO on Why Companies Should Diversify Into USDC Coins

Voyager Digital CEO Steve Ehrlich tells CoinDesk's Brad Keoun why the cryptocurrency retail broker's stock continues to outperform and what he's seeing in the DeFi trend. Plus, Ehrlich discusses whether or not he'd consider putting Voyager's corporate funds into cryptocurrencies, following MicroStrategy's recent move.

Recent Videos

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Binance CEO CZ: ‘I’m Never Worried About the Business Model’

Binance CEO Changpeng “CZ” Zhao discusses what he he does worry about when it comes to growing the business. In an interview with CoinDesk reporter Muyao Shen, CZ also explains why he’s bullish for decentralized finance or “DeFi” in the Asia region and beyond.

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