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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.
Money Reimagined: Bitcoin and Ethereum Are a DeFi Double Act
With bitcoin increasingly riding on Ethereum's rails, we're about to see greater complementarity between the top two blockchains.
There Are More DAI on Compound Now Than There Are DAI in the World
The amount of DAI deposited on Compound skyrocketed by more than $140 million on Thursday – somehow exceeding the total amount of DAI in existence.
DeFi Insurer Nexus Mutual Maxed Out by Yield-Farming Boom
Nexus Mutual is seeing a surge in demand. "Our product has honestly seen massive interest since yield farming kicked off," said founder Hugh Karp.
Investment Firm Plans ETF-Like Product for Compound Yield Farmers
The investment portfolio will give users exposure to Compound interest rates and, eventually, yield farming.
Compound Changes COMP Distribution Rules Following 'Yield Farming' Frenzy
Following a Tuesday governance vote, daily COMP token distributions will change dramatically, starting Thursday.
DeFi's 'Agricultural Revolution' Has Ethereum Users Turning to Decentralized Exchanges
Decentralized exchanges are seeing more action than ever thanks to a surge in decentralized finance activity.
Blockchain Project Kyber Unveils Date for Planned ‘Katalyst’ Protocol Upgrade
The protocol upgrade includes changes to staking and governance.
Hacker Drains $500K From DeFi Liquidity Provider Balancer
The sophisticated attack exploited a loophole that tricked the protocol into releasing $500,000 worth of tokens.
DeFi Platform Opyn Launches Put Options on Compound Token
Decentralized options marketplace Opyn has launched put options on COMP that will provide a safety net of sorts should COMP’s fortunes take a turn for the worse.
Trio of Bitcoin Tokens Lures DeFi Yield Farmers to New Pastures
A pool of sBTC, renBTC and WBTC is helping Synthetix draw the attention of DeFi's growing horde of yield farmers.
