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.


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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.

(D.Somsup/Shutterstock)

Технології

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.

(Lubo Ivanko/Shutterstock)

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Market Wrap: Bitcoin Tests $9K as Market Struggles With Uncertainty

After a quick dip in the crypto market, bitcoin is holding steady amid precariousness in the options market and the greater economic picture.

Source: CoinDesk Bitcoin Price Index

Технології

Some Numbers That Show Why Yield Farming COMP Is So Seductive

COMP has created a sudden craze for "yield farming." Here are three scenarios illustrating the risks and rewards of DeFi's latest trend.

an honest yield farmer

Фінанси

This Startup Is Forking Compound to Make Hiring More Efficient

Braintrust launched out of stealth mode Wednesday, backed by a $6 million seed round featuring True Ventures, Homebrew Ventures, Uprising Ventures, Galaxy Digital, IDEO CoLab, Kindred Ventures and Vy Capital.

(Shutterstock)

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Market Wrap: Bitcoin Trading Flat, Holding at $9.6K

Trading volume in the crypto market weakened Tuesday but bitcoin is still holding strong from a recent rally.

Source: CoinDesk Bitcoin Price Index

Технології

Following COMP's Surge, DeFi Platform Balancer Begins Distribution of BAL Tokens

Balancer Labs, the maker of an automated portfolio management tool, has confirmed to CoinDesk it has begun distribution of its BAL token.

(Niroworld/Shutterstock)

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DeFi Protocols Should Act More Like Fiduciaries

Open protocols can help reform the financial system, says our columnist. But they need to come with safeguards consumers understand.

(Ryan Wilson/Unsplash)

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Market Wrap: Bitcoin Hits $9.6K as Bullish Crypto Sentiment Returns

Bitcoin is back in bullish territory but can the buying last?

Source: CoinDesk Bitcoin Price Index

Фінанси

DeFi Hedging Startup Opyn Raises $2.16M Seed Round Led by Dragonfly Capital

Opyn, a hedging instrument for decentralized finance (DeFi) has closed a $2.16 million funding round led by Dragonfly Capital.

(Benedek Alpar/Shutterstock)