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.


Finance

Ether Staking Demand Remains Unfazed as EigenLayer 100K ETH Cap Limit Filled Within Hours

Future cap increases will need to be approved by EigenLayer's multisignatory governance system.

EigenLayer deposits (Dune)

Markets

Balancer Depositors Pull Nearly $100M in Crypto After Vulnerability Warning

“People are withdrawing fast,” said pseudonymous contributor Xeonus.

(Public Domain Dedication/Flickr)

Finance

Mantle Stakes $66M of Ether on Lido as Part of Treasury Management Strategy

Mantle introduced a new governing body for treasury management earlier this month.

(Pixabay)

Tech

Social Platform Friend.tech Gains 100K Users in Days Even in Depths of a Bear Market

The growth correlates with the more than $25 million in revenue generated by the platform since its Aug. 10 launch.

(John Noonan/Unsplash)

Tech

BNB Chain Exploiter Liquidated for $30M on Venus Protocol

This is the second major liquidation in under a week and potentially safeguards bnb prices from crashing suddenly.

(Mohan Murugesan/Unsplash)

Tech

The Protocol: Blockchains Keep Launching, From Sei to Shibarium

The week in blockchain tech: Two much-hyped networks debut, though the launches weren't quite as smooth as organizers might have hoped. ALSO: What is restaking? (Answer: it's the blockchain security trend you didn't know you needed to know about.)

Shiba Inu Doge dog (Getty Images)

Tech

SHIB Plunges 9% on Apparent Shibarium Bridge Issues

An important tool for the new layer 2 service went live on Wednesday to a turbulent start.

Bridge have recently been vulnerable to exploits. (Unsplash, modified by CoinDesk)

Tech

Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth

The much-awaited Shibarium network saw over 21 million wallets created during its testnet and is expected to position Shiba Inu as a serious DeFi contender.

(Getty Images)

Tech

De.Fi's Antivirus Tool Releases on zkSync Era Mainnet

The antivirus tool protects users against common malicious crypto exploits, such as phishing, smart contract vulnerabilities, blind signing, and more.

(Getty Images)

Markets

BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up

The viral token reached an $80 million market capitalization earlier this month before falling 90%.

Developer of the bald token engineered one of the quickest rises in recent months. (Getty Images)