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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.
First Mover: Twelve-Fold Gains for Aave's LEND Token Might Be More Than DeFi Hype
Collateral deposits in Aave are up nearly $160 million over the past six months, suggesting actual usage rather than speculation.
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Market Wrap: Traders Buy the Dip and Bitcoin Holds at $9,200
Bitcoin sticks to the $9,200 price range after some light selling early in the day.
First Mover: Pie Anyone? DeFi Pushes ETF-Style Investing Toward Decentralization
PieDAO's push to decentralize itself shows the fast-growing DeFi industry's efforts to retrofit investment vehicles for digital-asset markets.
Kyber Network Is Bringing Yield Farming to DEXland
Fresh pastures are opening in the world of yield farming. Kyber, a decentralized exchange (DEX), is preparing to share trading fees with KNC token holders.
New Enterprise Ethereum Director Widens Tent to Include Exchanges and DeFi
Enterprise Ethereum Alliance (EEA), the business end of the second-largest blockchain, has appointed a new executive director, Daniel C. Burnett.
DeFi Driving Chainlink’s Link Token to Record Highs
The ever-increasing use of Chainlink’s price oracles in decentralized finance is driving the cryptocurrency higher, according to analysts.
Delta Exchange Predicts $40 Price for COMP Ahead of Governance Token Deluge
One startup has done the math and thinks the true value for Compound's COMP token right now should be more like $40.
Gelato Gives Developers a New ‘Money Lego’ Tool for DeFi Applications
Decentralized exchange Gnosis will be the first major platform to integrate Gelato's audited v1 transaction automator for token swaps on Ethereum's mainnet.
Ethereum Activity Metric Hits Highest Level in 2 Years
The number of active ether addresses just clocked a recent high, possibly thanks to its growing role in decentralized finance.
Compound's 'Yield Farmers' Briefly Turned BAT Into DeFi's Largest Coin
The digital advertising token briefly became bigger than ether in the decentralized finance space, thanks to popular lending protocol Compound.
