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 Hedge Fund Looks for $50M to Buy DeFi Tokens Amid Market Pullback

Panxora, a cryptocurrency hedge fund manager, seeks $50 million to buy digital tokens associated with decentralized finance, known as DeFi.

Panxora is raising money for a hedge fund focused on DeFi tokens.

Finance

Origin Debuts OUSD, a Stablecoin That Works Like a Savings Account

Origin is announcing Origin Dollars, or OUSD, a stablecoin whose reserves leverage decentralized finance (DeFi) so that balances grow wherever it resides.

Matt Liu, co-founder; Tom Linton, OUSD head engineer; and Josh Fraser, co-founder

Technology

Supply of Tokenized Bitcoin on Ethereum Now Tops $1.1B: Here's Why

The supply of BitGo’s wrapped bitcoins (WBTC) topped 76,000 after setting an all-time record of nearly 21,000 WBTC minted within one week. Here’s why.

wrapped bitcoin

Technology

Bitcoin-on-Ethereum Token tBTC Relaunches Following Buggy Debut in May

TBTC, a decentralized way to copy bitcoin (BTC) over to Ethereum, is relaunching today after a smart-contract bug sunk the project in May.

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Markets

Uniswap Users Say Uniting Can Strengthen UNI

Anonymous Uniswap users are trying to unite the many small holders of the UNI governance token to deal with potential problems in the automated market maker’s (AMM) governance.

Worker protest poster with the slogan "United We Bargain, Divided We Beg"

Markets

First Mover: Digital Gold Narrative Could Be Bitcoin's Lone Ace as Ethereum Gains

Bitcoin's "digital gold" narrative looks promising as ever, but the cryptocurrency's dominance is waning as Ethereum rides DeFi fever.

Bitcoin's "digital gold" narrative might be its best card in an increasingly competitive game.

Finance

DeFi Yield Farming Aggregator APY.Finance Raises $3.6M in Seed Funding

The aggregation platform raised the seed funding from a roster of investors that includes Alameda Research, Arrington XRP Capital and CoinGecko.

pumpkins nature-3701091_1920

Finance

New Binance-Backed DeFi Site Lets You Earn Yield on Bitcoin, Other Non-Ethereum Assets

Kava Labs has launched its first application: a yield-generating decentralized finance (DeFi) platform for bitcoin and other non-Ethereum assets.

Harvest time

Markets

Uniswap's Newly Launched UNI Token Has Already Doubled in Price

Uniswap's new UNI token has surged from just under $2.80 to over $5.50 in the past 24 hours.

UNI 24h price action (CoinGecko)

Markets

First Mover: Uniswap's Sudden $5B Token Valuation Cements Comeback From 'Vampire Mining' Attack

Uniswap's surprise token delivery has given the decentralized exchange a market value of more than $5 billion, instantly making it No. 1 in DeFi.

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