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

Bitcoin Balances on Exchanges at 2-Year Low and That May Be a Bullish Sign

Bitcoin balances on major exchanges have hit their lowest point since November 2018. Yet unlike that time, it may be a positive signal.

Bitcoin balances on all exchanges have fallen to the lowest since 2018.

Tech

Degens for Hire: Based.Money Is Launching Moonbase, a Place for DeFi Projects to Find Community

BASED has a new method for aligning decentralized finance (DeFi) projects with each other. At its core is a smart contract called Moonbase.

BASED's next step is a "fair launch movement" called Moonbase.

Videos

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

Finance

Voyager CEO Says Revenue Growth Accelerates 8-Fold as DeFi Trading Surges

CEO Steve Ehrlich says this quarter's revenue is on track to double what the company produced in all of its last fiscal year.

Voyager Digital CEO Steve Ehrlich

Markets

First Mover: Tron's Play for WBTC Shows Competition to Relieve Ethereum Congestion

Competition builds in market for tokenized bitcoin, used to get extra profit off holdings of the cryptocurrency recently denigrated as a "pet rock."

Bitcoin has been likened to a "pet rock," but tokenization allows it to be deposited for interest in DeFi applications on the Ethereum blockchain - and now Tron too.

Finance

Fintech Giant Plaid Has a Hidden Passion for DeFi

Fintech enabler Plaid is quietly working with at least two decentralized finance (DeFi) startups.

Plaid

Markets

Stablecoins Hit $20B Milestone, a Nearly 300% Year-to-Date Surge

The total value of stablecoins has now surpassed $20 billion, reflecting the growing demand of investors looking to hedge their risks in both crypto and traditional markets amid the coronavirus pandemic.

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Tech

ConsenSys-Incubated Startup Releases In-Browser Atomic Swap Wallet for DeFi

ConsenSys-incubated startup Liquality’s new wallet lets you atomically swap digital assets directly from your browser.

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Finance

BitGo Is Bringing DeFi-Friendly Wrapped Bitcoin to the Tron Blockchain

The partnership will bring BitGo’s wrapped bitcoin (WBTC) into the Tron ecosystem as a TRC-20 token.

Tron founder Justin Sun

Markets

Uniswap Users Have Claimed $560M Worth of UNI Tokens in a Week

Dune Analytics data shows nearly 80% of the current UNI token supply has so far been snapped up by eligible Uniswap wallet addresses.

(Heinrich Jonas/Wikimedia Commons)