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.


Tech

Everything You Ever Wanted to Know About the DeFi 'Flash Loan' Attack

Here's a plain-English breakdown of the bZx attacks and their broader implications for the budding DeFi markets.

As the name implies, flash loans are paid back quickly – in the same transaction in which they are taken out. (Image via NASA)

Markets

Chainlink's Sergey Nazarov on What DeFi Can Learn From Early Exchange Hacks

A breakdown of the role of price oracles in the recent DeFi attacks, plus what DeFi can learn from early exchange hacks.

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Tech

Is It Exploitation Season for DeFi?

Are two recent attacks taking advantage of "flash loans," low liquidity and price oracle issues the first of more to come?

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Markets

DeFi Project bZx Exploited for Second Time in a Week, Loses $630K in Ether

The attacker manipulated price feeds in order to create and profit from an under collateralized loan.

Credit: Shutterstock/Vintage Tone

Markets

Mind the Gap: Why ETH Price and DeFi Adoption Aren't in Sync

Demand for DeFi lending services built on ethereum shows a pattern of inverse relationship to the price of ETH. When ether prices are falling, the amount of ETH locked in DeFi tends to rise. Most recent data indicate the relationship operates the other way, too.

Eth deposits in DeFi lending & price, 2019-2020 (chart)

Tech

Exploit During ETHDenver Reveals Experimental Nature of Decentralized Finance

A $350,000 hack casts light on the problem of depending on single price oracles.

AFTER THE HACK: DeFi protocol bZx's booth sits empty at ETHDenver.

Markets

The Top Narratives Driving Crypto Market Growth, Feat. Travis Kling

The halving? Coronavirus and volatility? Fed action? Listeners vote on what's driving crypto growth.

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Finance

Options Protocol Brings 'Insurance' to DeFi Deposits on Compound

A company called Opyn is bringing trustless insurance to the Compound DeFi protocol.

Opyn co-founder Zubin Koticha. (Courtesy photo)

Tech

SEC 'Safe Harbor' Proposal Lauded by Token Fans, DeFi Builders at 0x Conference

San Francisco's 0xpo conference offered the perfect venue for pondering the token "Safe Harbor" proposed by SEC Commissioner Hester Peirce.

TOKEN CLARITY? Amir Bandeali, co-founder of 0x, speaks at the first 0xpo conference, one day after SEC Commissioner Hester Peirce dropped a proposed "safe harbor" for token projects. (Photo by Will Foxley for CoinDesk)

Markets

Why DeFi's Billion-Dollar Milestone Matters

The DeFi market hitting $1 billion in locked crypto is something even the most fervent ethereum skeptics would have a tough time dismissing as meaningless.

Credit: Shutterstock