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

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.

Tech

Galaxy Digital, IOSG Lead $1.2M Raise for Startup Creating Automated Ethereum Services

Gelato said the seed round will fund further development of its bot network that will provide automated smart contract execution.

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Finance

New Index From DeFi Pulse and Set Protocol Offers Easy Access to 10 DeFi Tokens in 1

Data company DeFi Pulse and investment-minded Set Protocol have created a permissionless index of the very best DeFi tokens, called the DeFiPulse Index.

(udit saptarshi/Unsplash)

Markets

DeFi Lender bZx Reclaims $8M Stolen in Sunday's Attack

DeFi lending project bZx has been able to recover about $8 million in cryptocurrency from an attacker who stole the funds after exploiting a code bug over the weekend.

The hacker was exposed sometime on Monday.

Markets

Chainlink to Start Supplying Data for Crypto.com's DeFi Wallet

The new integration will provide users of Crypto.com's DeFi wallet with access to accurate and untampered price data, ChainLink said.

(Shutterstock)

Markets

First Mover: As Central Banks Print $1.4B an Hour, Bitcoiners Bet on Federal Reserve 'Capture'

Though no fresh stimulus is expected this week from the Fed, bitcoiners betting on money printing could just wait for the next sell-off in U.S stocks.

It might just take a big stock-market sell-off for the Federal Reserve to accelerate the pace of money printing. (Unsplash, modified by CoinDesk)

Markets

DeFi Lender bZx Loses $8M in Third Attack This Year

An attacker found a way to mint unbacked iTokens that they could then redeem against other cryptos held in lending pools for DeFi lender bZx.

(Shutterstock)

Markets

Uniswap Takes Lead Over SushiSwap Less Than 24 Hours After SUSHI Rewards Drop

Shortly after SushiSwap's block rewards fell from 1,000 SUSHI tokens to 100, total value locked has fallen behind rival Uniswap.

(M!1k¥ D43M*N/Unsplash)