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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.
Market Wrap: Bitcoin Breaks $11.8K; BTC in DeFi Doubles in August
Bitcoin price is on the upswing as the amount of the world’s oldest cryptocurrency locked in DeFi jumps.
Binance Launches DeFi Staking With Cryptos Kava and Dai
Users of crypto exchange Binance can now earn interest on dai and Kava as the exchange's decentralized finance (DeFi) staking platform goes live.
It's Now Cheaper to Buy One Bitcoin Than to Buy a Single DeFi Token YFI
On a per-coin basis, YFI governance token from DeFi protocol yEarn now costs more than industry behemoth bitcoin.
Algorand's Move Into DeFi Gives ALGO Price a Boost
Markets have responded well to Algorand's plans to get in on the DeFi action. The native ALGO token has experienced a jump in price.
Algorand Readies On-Chain Smart Contracts as the Summer of DeFi Rolls On
The "stateful" smart contracts are a watershed for DeFi projects, Algorand claimed.
Ren Just Had a Great Week as Demand for Bitcoin on DeFi Rises
Prices for ren, the token for the RenVM DeFi network, experienced a great week, as the demand for bitcoin rises on DeFi.
First Mover: Money Legos Turn 'Exuberant' as Chainlink Stripped of 'DeFi'
This year's growth in the cryptocurrency subsector DeFi has been so remarkable that some analysts are now calling the phenomenon "exuberant."
$200M Staked in YAM-Inspired DeFi Protocol in Under 12 Hours
The DeFi craze continues as investors stake $200 million in a new yield farming protocol that's not even 12 hours old yet.
Binance-Owned WazirX Announces DeFi Project With Matic
The exchange has opted for Matic instead of Ethereum’s network, which is currently dominating the DeFi space because of "high gas costs."
DeFi-Yield-Hunting Token YFI Explodes to $11K From $32 in One Month
A governance token for DeFi investment protocol yEarn Finance has shot up to over $11,000 despite barely being a month old.
