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

Aave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet

The developer proposed two key features for the decentralized stablecoin in a governance post on Tuesday.

Ratings company S&P Global has started ranking stablecoins' ability to hold their pegs. (eswaran arulkumar/Unsplash)

Tech

Atomic Wallet Users Hacked for $35M Worth of Bitcoin, Ether, Tether and Other Tokens

Atomic Wallet said Monday that “less than 1%” of its monthly active users were impacted in the weekend breach.

Wallets (RitaE/Pixabay)

Markets

Why Did Bitcoin’s Price Rise? BTC Hovers Over $27K as Investors Shrug Off Hot Jobs Data

Ether and other major cryptos spent much of the day in positive territory.

Bitcoin daily chart (CoinDesk Market Index)

Tech

Crypto Investors Lost $54M to Rugpulls, Scams in May: Blockchain Security Firm De.Fi

May saw fewer exploits than April, suggesting better security practices among crypto users and developers.

Two RPC interfaces for Polygon and Fantom were impacted in a DNS hijack attack. (Mika Baumeister/Unsplash)

Tech

Uniswap Community Votes Down Protocol Fees for Liquidity Providers

The initial snapshot poll was voted against by the community in a surprising move.

Floatie in the form of a unicorn, the emblematic mythical creature featured in Uniswap's logo and marketing materials. (Unsplash/Modified by CoinDesk)

Finance

Synthetix Community Approves Plan to Nudge Positions Off Soon-to-Shut Version One of Its Perpetuals Market

The market, which was replaced by a new version, has been in close-only mode for months, but about $150,000 remains on the original platform.

(Bernd Dittrich/Unsplash)

Videos

Treat Crypto as Securities by Default, European Parliament Study Says

Crypto assets should be treated as securities by default, and the autonomous organizations that govern decentralized finance (DeFi) should be granted legal status, according to a study commissioned by lawmakers at the European Parliament published Tuesday. This comes as the EU finalizes its landmark MiCA law. "The Hash" panel discusses the latest in crypto regulation.

Recent Videos

Finance

Olive-Oil Producer Issues First Euro-Stablecoin-Denominated Bond on Obligate’s DeFi Platform

The debt sale was the first of its kind for the French sustainable agriculture business.

(stevepb/Pixabay)

Opinion

The PulseChain Sideshow Tent Is Collapsing

For some crypto projects, actually launching is the worst possible plan.

Richard Heart, creator of the Hex token and PulseChain platforms, in a circa 2017 YouTube video. (Richard Heart/YouTube)

Finance

The Plight of Hyped-Blockchain Canto Demonstrates Dreary DeFi Outlook

Canto's slide is an example of fickle crypto investors' lack of appetite in DeFi.

(Mohan Murugesan/Unsplash)