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

Soaring DeFi Usage Drives Ethereum Contract Calls to New Record

Coin Metrics reported the daily number of smart contract calls on Ethereum jumped to 3.11 million – a new record.

(Mega Pixel/Shutterstock)

Markets

FTX to Launch 'Scalable' Decentralized Exchange in Weeks

Building on the Solana blockchain means the new platform's operations are less restricted than those on Ethereum, the firm says.

shutterstock_144935002

Markets

MakerDAO Passes $1B Milestone in DeFi First

The total value of ether locked in DeFi's oldest project has surpassed $1 billion for the first time.

Maker Foundation CEO Rune Christensen (CoinDesk archives)

Markets

Ethereum as Lifestyle Brand: What Unicorns and Rainbows Are Really About

Ethereum is more than a technology, it’s a lifestyle. Beyond cryptocurrency, the software has attracted a diverse community of contributors.

Devcon 2019 (CoinDesk archives)

Tech

Chainlink Integration Brings Data Feeds to Binance’s DeFi Project

Binance is building out a DeFi platform with its Smart Chain protocol and has integrated Chainlink as a pricing solution.

Binance BSC, Binance app

Markets

A Simple Explanation of DeFi and Yield Farming Using Actual Human Words

A primer on yield farming, liquidity mining, automated market making and all the other terms shaping the brave new world of decentralized finance.

(studiostoks/Shutterstock)

Tech

Mempool Manipulation Enabled Theft of $8M in MakerDAO Collateral on Black Thursday: Report

New research suggests March’s “Black Swan” event for Ethereum may have been a sophisticated plan to cash in on a global sell-off.

(Jason Pofahl/Unsplash)

Markets

Open Interest in Ether Options Jumps to New Record High

Data from major exchanges shows that open interest in ether options rose to a new lifetime high of $194 million on Tuesday.

Total ETH Option Open Interest (via Skew)

Markets

How Uniswap Became King of DEXs

Uniswap, an automated market maker (AMM), has torn it up in the last year, becoming the world’s largest “DEX” by volume. Here's why it won.

(Kevin Gutowski/Unsplash)

Markets

DeFi Hype Has Sent Ethereum Fees Soaring to 2-Year High: Coin Metrics

The knock-on effects of the DeFi hype include high fees and less active users on Ethereum, according to Coin Metrics.

Ethereum founder Vitalik Buterin (CoinDesk archives)