DeFi


Markets

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.

Binance ex-CEO Changpeng "CZ" Zhao (CoinDesk archives)

Markets

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.

Yearn.finance came in first in First Mover's monthly digital-asset performance ranking for August. (Sumiyoshi Hiromori/Metropolitan Museum of Art, modified by CoinDesk)

Tech

Yearn, YAM and the Rise of Crypto's 'Weird DeFi' Moment

What do these various memecoins do? Here's the rough TL;DR of the latest tokens to top the DeFi charts.

DeFi, Yield Farming, Yearn Finance, YFI

Markets

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."

Craig Wright

Markets

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.

CoinDesk 20 Bitcoin Price Index

Finance

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.

dollars

Tech

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.

Fresh pastures (Francesco Ungaro/Unsplash)

Markets

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.

View of Grand Tetons near Jackson Hole, Wyoming. (Wikipedia, modified by CoinDesk)

Finance

Why DeFi Pulse's Key Metric Is So Simple It's Confusing

DeFi Pulse invented "Total Value Locked." Yet, TVL's mechanics have been somewhat confusing to those in the space. Here's how the leading DeFi metric works.

DeFi Pulse does the complex work of counting how much is committed to each DeFi platform. (Crissy Jarvis/Unsplash)

Markets

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.

CoinDesk 20 Bitcoin Price Index