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

Uniswap's Distribution Is Built on Something That Can't Be Forked: Actual Users

Uniswap distributed 400 of its new UNI tokens, a $1,400 value, to all its past users. Observers say the big surprise is likely to pay years of dividends.

(James Lee/Unsplash)

Markets

Uniswap Recaptures DeFi Buzz With UNI Token's Airdropped Debut

A minimum of 400 UNI was airdropped to everyone who used Uniswap prior to September. Some called it “stimulus for Ethereum users.”

Unicorn

Finance

How Normies Are Getting Crypto-Rich With DeFi

DeFi may be a whale's game, but plenty of small players are making life-changing amounts of money with these risky crypto experiments.

DeFi's current food craze is providing some crypto fans with major returns. (Mick Haupt/Unsplash)

Finance

DEX Aggregator ParaSwap Raises $2.7M Seed Round From Deep Roster of Crypto Investors

ParaSwap has raised $2.7 million in seed funding from 32 investors including Blockchain Capital, Alameda Research, CoinGecko and more.

Paraglider takes flight (Juliette G./Unsplash)

Markets

Coinbase Pro Lists Uniswap's New Token Just Hours After Launch

Uniswap's new UNI tokens can be deposited on Coinbase Pro immediately, with trading to follow when there's sufficient liquidity.

Coinbase CEO Brian Armstrong

Tech

Ethereum’s Pending Transactions Jump 30% After Uniswap’s Token Claim Begins

The number of pending transactions has reached over 210,000 after the claim for Uniswap's UNI token starts.

Number of pending transactions on Ethereum (Etherscan.io)

Markets

Uniswap Launches Governance Token in Bid to Keep Up With Rival AMM SushiSwap

Decentralized trading platform Uniswap has launched a governance token, UNI, minting 1 billion coins to be released to the public over the next four years.

Uni is the Japanese word for the edible part of the sea urchin. (Austin Voecks/Unsplash)

Markets

Ava Labs Sets Avalanche Mainnet Launch for Sept. 21

With $60 million in funding at its back, Ava Labs' Avalanche is the latest next-gen blockchain network to enter the DeFi landscape.

Ava Labs founder Emin Gün Sirer (CoinDesk archives)

Markets

First Mover: Binance's CZ Doesn't Even Dispute That DeFi Might Be Inevitable

Big crypto exchanges like Binance, Huobi and OKEx are rushing out DeFi platforms to cash in on the fast-growing industry and stanch user defections.

Binance CEO Changpeng "CZ" Zhao says the centralized exchange's BNB tokens might benefit from the decentralization trend.

Markets

Binance, Huobi, OKEx Have FOMO for DeFi

DeFi FOMO is driving centralized exchanges including Binance, Huobi and OKEx to prepare for a potential new crypto trading landscape where decentralized exchanges dominate.

Centralized exchanges get DeFi FOMO, as decentralized exchanges challenge their dominance in crypto trading.