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

Crypto for Advisors: What Will Trigger Crypto Mass Adoption?

Andy Baehr, managing director of CoinDesk Indices, discusses scenarios that could be the drivers of mass adoption in crypto.

(Anna Dziubinska/ Unsplash)

Tech

Floki Developers Propose Staking and Utility Token Plans

The move could help amp up investor interest in FLOKI tokens, which form part of the Floki DAO ecosystem.

A Shiba inu, the dog breed that inspired both DOGE and SHIB, is getting a ride in cryptocurrency markets. (Unsplash, modified by CoinDesk)

Tech

Lido Finance Sunsets Solana Staking Product After DAO Vote

The staking service for SOL tokens will be discontinued over the coming months, developers said.

LocalBItcoins is sunsetting its exchange. (Johannes Plenio/Unsplash)

Tech

THORSwap, Used by FTX Exploiter, Resumes Trading After Updating Terms to Exclude U.S.-Sanctioned Countries

The platform's native token has risen by 10% after the exchange came back online.

THORSwap is a cross-chain decentralized exchange built on THORChain. (Manuel Salinas/Unsplash)

Markets

DeFi Is Losing the Race to Become the Future of Finance

Money market funds are offering more than 5% annual returns, Ethereum stakers meanwhile get just 3.3%.

(Noah Silliman/Unsplash)

Tech

Perpetual Trading Protocol GMX Bags Biggest Chunk of $40M Arbitrum Grant

Arbitrum projects will receive token grants that may help attract new money to the popular blockchain.

hand holding $20 bill in front of trees

Videos

[SPONSORED CONTENT] Commissioner Mersinger touches on the hot topic of DeFi regulation and the need for collaboration

CFTC Commissioner Summer Mersinger joins us at Meridian to discuss DeFi regulation and her advice to both DeFi stakeholders and regulators, stressing the need for clearer guidance and collaboration amongst the two sides.

The Meridian Conversations

Tech

Russian Attackers May Have Been Behind Hack of Sam Bankman-Fried’s FTX, Elliptic Says

Research firm Elliptic said some of the stolen funds appear to be linked to Russian cybercriminal groups, citing on-chain analysis.

FTX Logo (Unsplash)

Policy

Alameda Lost Nearly $200M to Phishing Attacks, Ex-Engineer Says

Lax security practices seemed to be a feature of the former crypto trading titan.

(CoinDesk, modified)

Policy

EU Markets Regulator Warns of DeFi’s ‘Serious Risks’

ESMA, responsible for rulemaking under the bloc’s landmark new crypto law MiCA, is worried about new forms of market manipulation when there’s no central counterparty

The EU has passed new crypto laws (Pixabay)