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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.
Uniswap Rises to Top of DeFi Charts Thanks to Rival Looking to Unseat It
Uniswap is now at the top of DeFi Pulse with $1.65 billion in total value locked. Sources say the surge is driven by a new Uniswap competitor, SushiSwap.
Yearn.Finance's New Vault Leverages DeFi 'Triforce': ETH, MakerDAO and Curve
Yearn.Finance will make it easy for anyone who holds ETH to get involved with yield farming with just one cryptocurrency, ETH.
Binance Launches Smart Contract-Enabled Blockchain, Adds Staking for Its Coin
Crypto exchange Binance has launched the mainnet for its smart contract-enabled blockchain and is also introducing staking for BNB tokens.
First Mover: Rookie YFI Token Jumped 8-Fold in August as DeFi Dominated
Yearn.finance's YFI token, which looked like another inside DeFi joke when it launched in July, dominated the August return rankings.
DeFi Is a 'Complete Scam,' Says Controversial Entrepreneur Craig Wright
nChain Chief Scientist Craig Wright has delivered an obscenity-laden interview discussing decentralized finance and stablecoins, calling such projects a "complete scam" and "illegal."
Market Wrap: Bitcoin Climbs to $11.5K With Record Amount in DeFi
Bitcoin made gains Friday, both in price and what's locked in DeFi.
DeFi Studio Framework Labs Leaves Stealth Mode With $8M in Seed Funding
Framework Labs says it's already playing a key role in projects including Uniswap and Chainlink.
Polkadot-Based Acala Raises $7M as DeFi Grabs Land on Another Blockchain
Acala, a DeFi startup building on the Polkadot blockchain, has closed a $7 million simple agreement for future tokens (SAFT) led by Pantera Capital.
First Mover: Monetary Challenges Aren't Just Virtual as Fed's Powell Returns to Jackson Hole
Crypto traders are prepping for a speech by Federal Reserve Chair Jerome Powell in Jackson Hole, Wyoming, where inflation is on the agenda.
Market Wrap: Bitcoin Braces for $700M in Options to Expire; Record $7B Value Locked in DeFi
Bitcoin price is trending up while crypto keeps flooding into DeFi.
