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.


Policy

U.S. SEC Moves Toward DeFi Oversight as It Reopens Proposed Regulations

The Securities and Exchange Commission is confirming crypto industry worries that, yes, the proposal last year to widen its view of securities exchanges will fold in DeFi.

SEC Chair Gary Gensler (Kevin Dietsch/Getty Images)

Tech

Developers Block Potential ‘Eight-Figure’ Exploit Involving Cosmos-Based Ethermint

Ethermint enables the use of Ethereum smart contracts within the Cosmo ecosystem and is employed by several chains, including Cronos, Kava and Canto.

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

Finance

DeFi Protocol Balancer Cuts Budget, Slashes Headcount Ahead of Strategy Pivot

The protocol’s service providers have let go of two front-end engineers as they focus on overhauling the platform’s brand. 

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

Finance

Ondo Finance Plans Yield-Generating Stablecoin Alternative for Institutional Investors

The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to indirectly access the yield.

Money (Alexander Grey/ Unsplash)

Finance

Solana Dog Token Darling Bonk Inu Releases BonkSwap DEX

Bonk inu was one of the hottest Solana tokens earlier this year, leading a frenzied market at the time.

Bonk Inu developers say they want to showcase Solana's capabilities. (Bonk Inu)

Finance

WisdomTree, T. Rowe Price Among TradFi Firms to Test Avalanche's Blockchain Subnet

The subnet is designed to make trade execution and settlements more efficient on Avalanche.

(Danny Nelson/CoinDesk)

Finance

SushiSwap to Launch Claims Website for Whitehat Funds Following Exploit

Claims will expire on April 23 and unclaimed tokens will go to SushiSwap’s treasury.

(Unsplash)

Finance

Euler Finance Lets Users Redeem Recovered Funds Following $200M Theft

Allowing customers to withdraw money after last month's incident is a relatively happy ending for a crypto exploit.

(Diana Polekhina/Unsplash)

Policy

Hong Kong Regulator Says DeFi Projects Could Face Regulatory Requirements

The SFC's comments come just after the United States and France published reports on regulating DeFi.

(Ruslan Bardash/Unsplash)

Policy

World Regulators Are Looking at DeFi

The U.S. Treasury Department and French central bank published reports looking at DeFi risks and providing recommendations for mitigating them.

(carterdayne/GettyImages)