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

Crypto.com Follows Binance With Launch of Liquid Swap DeFi Product

Crypto.com's new Defi Swap product will provide yet another platform on which users can token swap and yield farm.

Kris Marszalek, CEO of Crypto.com

Markets

First Mover: Ethereum Gets Unplanned Stress Test as DeFi Fever Grows

The Ethereum blockchain's soaring gas prices don't seem to have deterred customers as DeFi usage grows and tests what the market can bear.

DeFi is pushing up usage and fees on Ethereum, and the blockchain network so far is passing the stress test. (Flickr Creative Commons, modified by CoinDesk)

Markets

Coinbase Effect Hits DeFi as yEarn's YFI Token Surges 10% on Pro Listing News

The already highly priced YFI governance token for yEarn.Finance has jumped an additional $6,000 on the news it'll be listed on Coinbase Pro.

YFI token shot up when Coinbase announced its listing plans. (CoinGecko)

Markets

DeFi Mania Proves We Learned Nothing From the ICO Run-Up

DeFi is making money out of nothing but other people's misery. Five thousand years of history tell us how this tale will end.

"The South Sea Bubble, a Scene in 'Change Alley in 1720," (Robert Vernon/Creative Commons)

Markets

Binance’s New Platform Will Connect CeFi and DeFi With $100M Fund

The global cryptocurrency exchange giant is putting up $100 million to support DeFi projects on Binance Smart Chain (BSC).

Binance CEO Changpeng Zhao speaks during Consensus.

Markets

The Revolution You've Been Awaiting: Fintech + DeFi

Fintech and DeFi are showing new ways forward for finance. When they combine, outdated intermediaries will really be in trouble.

(Alex Motoc/Unsplash)

Markets

First Mover: DeFi 'Vampire' SushiSwap Sucks $800M from Uniswap; BitMEX Basis Lags

SushiSwap, the "vampire mining" protocol, sucked more than $800 million from rival Uniswap in the latest DeFi mind-bender. PLUS: BitMEX futures distortions.

MOSHED-2020-9-10-7-37-32

Markets

Ether Traders May Be Hedging Against DeFi Slowdown: Analyst

Some are calling the white-hot Defi space a bubble that is unsustainable.

(Javier Crespo/Shutterstock)

Tech

SushiSwap Migration Ushers in Era of ‘Protocol Politicians’

SushiSwap, the community-owned automated market maker, now has a new set of leaders – offering a preview of the future of crypto politics.

(Tobi Oluremi/Unsplash)

Markets

1,000 New Token Pairs Added to Uniswap in One Week; Buyers Beware

The exchange now supports nearly 10 times more pairs than Binance.

uniswap-v2-pairs