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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.
ZkSync's Largest Lender Struck by $3.4M Exploit
EraLend said the threat has been contained, but advises against deposits.
Elon Musk Rebrands Twitter to X, Spurring Scores of Wannabe Tokens
One token zoomed 1,200% even though its related project closed in May, data shows.
DeFi Project Parrot Holds Contentious Vote on Future of $70M Treasury
The redemption plan for the protocol appears to heavily favor employees and Parrot’s venture investors.
Examining Token Trends Before and After Unlock Events
The Tie recently conducted a study of over 350,000 unique unlock events involving more than 100 tokens. The team examined white papers, blog posts, vesting contracts, public forums, and private communications for each token. The Tie Director of Content Lawrence Lewitinn breaks down the key findings of the study. Plus, insights on valuing decentralized finance (DeFi) using revenue multiples.
Off to the Races: Crypto Community Flirts With Hamster Race Betting
Blockchain-based platform Hamsters.gg is putting hamsters to the race track, where crypto traders can place BUSD-based bets on who wins. Star hamster racers like “Rocky” and “Buster” are already drawing bets of up to $500 per race. "The Hash" panel discusses how crypto traders have found a novel way to generate returns as bitcoin (BTC) remains flat and the decentralized finance (DeFi) sector fails to fully shake off the bear market lull.
Crypto Liquidity Network Paradigm Leans Into DeFi With StarkWare
The Paradex decentralized perpetuals platform is backed by StarkWare's new appchain technology.
DeFi Protocol Conic Finance Hacked for 1,700 Ether
Security firm BlockSec said that the root cause of the attack was price manipulation caused by "read-only reentrancy."
Africa-Focused DeFi Platform Mara Releases Ethereum-Compatible Testnet
Developers in Nigeria and across Africa can build and test their decentralized applications on the Optimism forked Mara Chain.
U.S. House Republicans Introduce Crypto Oversight Bill With Changes From June Draft
The revised bill excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.
Binance Labs Invests $10M in DeFi Lender Radiant, RDNT Jumps 10%
The protocol was built on the architecture of LayerZero, which raised $120 million at a $3 billion valuation earlier this year.
