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

First Mover: Compound Has Been a DeFi Darling. Its New Token Is Priced Accordingly

The frenzy around decentralized lender Compound's new governance token reveals growing excitement for the DeFi space overall.

(Everett Collection/Shutterstock)

Tech

COMP's Sudden Growth Has Swamped a DEX Dealing Only in Stablecoins

One of the newer entrants to the DeFi space, Curve, is riding the wave of demand for the freshly issued Compound governance token, COMP.

(Menno van der Haven/Shutterstock)

Markets

Ethereum Logged Its Busiest Week on Record

It’s costing more to use Ethereum and that may be because more users are flocking to the platform than ever before, according to one key on-chain metric.

Daily gas usage on Ethereum and ether prices since June 19, 2019. (CoinMetrics)

Finance

Business Is Booming for DeFi Insurer Nexus Mutual Ahead of Ethereum 2.0

Nexus Mutual, an alternative insurance provider for a variety of Ethereum-based DeFi protocols, has seen its risk pool double over the past 90 days to more than $4 million.

(Shutterstock)

Finance

With Token Uptick and Israeli Election Work, It's Been a Busy Year for Bancor's Founders

Bancor, the decentralized exchange (DEX) protocol, has seen a number of interesting developments in the first half of 2020.

A voting ballot from the March 2020 election in Israel. (Credit: Shutterstock)

Tech

Sequoia-Backed Band Protocol Creeps Onto Chainlink’s Turf With Oracle Product

Band Protocol 2.0 launched Wednesday with its mainnet oracle solution, BandChain, leveraging the Cosmos SDK from Tendermint Labs.

Credit: Shutterstock

Markets

ConsenSys Muscles Into Compliance With New Regulatory Product for DeFi

ConsenSys says its new regulatory compliance product can analyze up to 280,000 different tokens.

ConsenSys' co-founder Joe Lubin (Credit: Michael del Castillo)

Tech

Compound’s Approach to DeFi Governance Starts With Giving Away COMP Tokens

Users of the Compound lending platform will begin earning COMP governance tokens in mid-June.

DEMOCRACY: Ancient Greeks on a 1955 drachma banknote. (Credit: Shutterstock)

Tech

RenBTC Quietly Goes Live in Latest Bid to Bring Bitcoin to Ethereum

RenBTC, the latest implementation of bitcoin on the Ethereum blockchain, quietly went live this week, though the general public can't yet mint thier own tokens.

Winter wren

Videos

A DeFi Deep Dive

DeFi (decentralized finance) exploded to over $1 billion in value deposited in DeFi applications over the last year. Learn why DeFi became the most recognized killer use case for Ethereum and this pandemic has only accelerated the urgency for DeFi. We begin the program with “Defying Traditional Finance” with Ryan Adams of Mythos Capital.

Foundations – Consensus: Distributed