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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.
dForce Hacker Returns Almost All of Stolen $25M in Crypto
The hacker had drained $25 million in cryptocurrency from decentralized finance protocol dForce over the weekend.
Dai Lending Rates Rise to One-Month High on DeFi Platform Compound
Interest rates on dai deposits have spiked on DeFi platform Compound, another ripple effect of the global financial crisis.
Bearish or Bullish? What Oil, Defi Hacks and Cash Hoarding Tell Us About Markets
As economic confusion gains ground, NLW breaks down what in the recent news is bullish and what is bearish for bitcoin and the crypto community.
Why MakerDAO Should Consider Negative Interest Rates for Dai
To keep dai near its $1 peg, the Maker community should consider negative interest rates. The cost to users may be worth it, says columnist J. P. Koning.
Weekend Attack Drains Decentralized Protocol dForce of $25M in Crypto
dForce appears to have lost control of $25 million in bitcoin and ether held in its decentralized lending protocol.
Coinbase Custody Doubles Down on DeFi Governance Options
Coinbase is making it easier for its Custody clients to vote their tokens on more DeFi protocols. New tools for Compound were announced Thursday.
Morgan Creek Invests in Startup Bringing Bitcoin to DeFi
Anthony Pompliano's investment firm has joined a seed round for Atomic Loans, a startup looking to create bitcoin-backed lending instruments.
Chinese DeFi Platform dForce Raises $1.5M From Multicoin, Huobi Capital
One of China’s largest DeFi platforms has raised $1.5 million from Multicoin Capital, Huobi Capital and CMB International to expand its product lineup.
MakerDAO Users Sue Stablecoin Issuer Following 'Black Thursday' Losses
A lawsuit against the Maker Foundation claims the DeFi platform “intentionally misrepresented the risks associated with CDP ownership.”
Crypto Long & Short: DeFi and Traditional Finance Are Forming an Unlikely Friendship
Many believe DeFi is the future of finance, unleashing efficiencies and creating a more transparent framework. Others find the idea terrifying.
