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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.
Tether's Supply on Compound Jumps to Over $224M in a Week
Tether's volume on decentralized lender Compound has quadrupled to over $224 million in just a few days, and is by far the dominant stablecoin on the platform.
Blockchain Bites: COMP x2, Reddit Scales and Factom Goes Bankrupt
The COMP governance token is seeing massive gains and potential listings on Coinbase Pro and CoinFlip, while Reddit looks to scale its Ethereum-based project.
OpenZeppelin Discloses 'High Severity Vulnerability' in DeFi Wallet Argent
A “high severity vulnerability” was found and patched in Ethereum wallet Argent, according to leading white-hat hackers OpenZeppelin.
First Mover: Compound's COMP Token More Than Doubles in Price Amid DeFi Mania
Compound's new COMP token is only five days old but its price is soaring. Observers tie the rally to speculation over the future growth of decentralized finance.
ParaFi Invests in Kyber Network as Buzz Grows Around DeFi Projects
ParaFi Capital, an investment firm focused on blockchain and DeFi, has invested in Kyber Network and will work with the project on adoption and governance.
Market Wrap: Bitcoin Quiet at $9.3K While DeFi Gets Loud
Most markets are quiet while activity seems to be increasing on Ethereum’s DeFi network - which could help explain ether’s outperformance of bitcoin in 2020.
FTX Releases COMP Derivatives to Keep Up With DeFi Frenzy
Crypto exchange FTX is launching COMP derivatives later Thursday as deposits on the Compound DeFi platform soar past $300 million.
Delta Exchange Launches Crypto Interest Rate Swaps
Traders may now be able to hedge the risks they face from interest rate payment fluctuations in perpetual contracts.
A Coinbase Pro Listing and Other Eye-Opening Data Points on Compound’s Surge in Demand
It's hard to pick just one stunning fact about the market suddenly created by the issuance of Compound's COMP token.
Polkadot Is Latest Blockchain to Explore Redeemable Bitcoin Tokens
It's only a proof-of-concept at this point, but there's now a model for locking BTC on the Bitcoin blockchain and minting PolkaBTC on Polkadot.
