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.


Videos

MakerDAO Founder on Future of DAI Stablecoin, Governance Token

Decentralized finance (DeFi) lending platform MakerDAO’s founder, Rune Christensen, laid out plans to introduce a new stablecoin and governance token as part of the platform’s on-going revamp, according to a proposal posted on Maker’s governance forum last week. MakerDAO Founder Rune Christensen joins "First Mover" to share insights into "Endgame" and what he hopes to achieve.

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Tech

Lido Community Members Propose LDO Token Staking and Buyback Plan

The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.”

(Micheile/Unsplash)

Finance

DeFi Must Get Easier to Use to Win Over Retail Customers, Uniswap Survey Finds

Many respondents said they are put off by the complexity and cost of on-chain trading.

(Danny Nelson/CoinDesk)

Videos

Galaxy Digital Exec Addresses On-Chain OTC Options Trading

Galaxy Digital is leveraging the benefits of DeFi infrastructure to offer over-the-counter option trades settled entirely on-chain. Galaxy Digital global head of trading Jason Urban discusses the latest announcement and how the move could offer a solution to privacy and credit risks. Plus, insights on Galaxy Digital's latest earnings results.

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Tech

Origin Protocol Enters Competitive Ether Yield Market With OETH Offering

OETH is a yield-bearing, ether-pegged token, offering an easy way to maximize yield from ETH staking using protocols, such as Curve Finance.

(Micheile/Unsplash)

Tech

Token of Layer-1 Blockchain Kava Surges 40% Ahead of Mainnet Upgrade

The change improves transaction speed and aims to beef up security on the platform, Kava says.

(Unsplash)

Finance

Lending Platform Atlendis Deploys Upgrade on Polygon, Opens $2M Lending Pool for Banxa

Atlendis Labs is a blockchain-based credit marketplace that offers revolving credit lines for small and medium-sized businesses and fintech firms.

(Atlendis Labs)

Finance

Bakkt Mass Delists Tokens Including Aave, Avalanche, Compound, Filecoin, MakerDAO and Uniswap

Intercontinental Exchange-owned Bakkt discontinued its consumer-facing app in February as it shifts away from retail

Bakkt Holdings, Inc. leadership outside the New York Stock Exchange following a successful merger with VPC Impact Acquisition Holdings to take the firm public. (NYSE)

Tech

Cardano Scaling Node Hydra Head Goes Live on Blockchain's Mainnet

The tool, the first in a planned suite of products, aims to speed up transaction times on Cardano.

Monad Labs is looking to provide faster EVM processing than Ethereum. (Julian Hochgesang/Unsplash)

Tech

Threshold Network Goes Live With Wormhole to Bridge Bitcoin to 20 Blockchains

Using bitcoin on other networks previously required users to rely on centralized bridges, which increased risks for token holders.

Prime Protocol to eliminate need for cross-chain bridges (Charlie Green/Unsplash)