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

DeFi Protocol StaFi Nearly Halves Commission Fees for Staking

StaFi will now charge a 10% fee on its Liquid staking derivatives products, down from 19%.

(Shutterstock)

Videos

Computing Sector Gains Driven By AI Excitement: Data

105 of 158 assets in the CoinDesk Market Index (CMI) outperformed bitcoin in February, most of them being in the DeFi and computing sectors. CoinDesk Indices Managing Director Jodie Gunzberg breaks down the rise of computing tokens and how the excitement around artificial intelligence (AI) appears to have driven the rally.

CoinDesk placeholder image

Videos

Digital Assets Outperforming Traditional Markets in 2023: Data

CoinDesk Indices data reveals that digital assets are beating traditional markets so far in 2023. CoinDesk Indices Managing Director Jodie Gunzberg joins “First Mover” to discuss. Plus, Gunzberg breaks down why computing and DeFi delivered double-digit gains last month.

Recent Videos

Tech

Klaytn Blockchain Will Focus on Increasing KLAY Token Demand in 2023

Klaytn intends to establish KLAY as a deflationary asset and provide more tools for developers intending to launch products on the network.

Klaytn booth at Token 2049. (Shaurya Malwa/CoinDesk)

Finance

DeFi Trading Platform Aurox Seeking Funding at $75M Valuation

The DeFi-focused software developer firm is seeking to raise up to $1 million in a crowdfunding campaign on tZERO.

The price of ether has risen 16% in the past week. (Getty Images)

Finance

Fixed Income DeFi Platform Term Finance Readies for Business

Term Labs, the platform's builder, raised a $2.5 million seed round led by Electric Capital with participation from Coinbase Ventures, Circle Ventures and others.

Dion Chu, founder and CEO (Term Labs)

Finance

Institutional DeFi Startup Hashnote Is First to Emerge From Incubator Cumberland Labs

The regulated DeFi asset manager was launched with a $5 million investment from the Web3 incubator.

Leo Mizuhara, CEO and founder; Tama Churchouse, head of strategy (Hashnote)

Finance

Stablecoin Lender Liquity's Token Rises 35% on Binance Listing

LQTY hit a 10-month high of $1.82 as trading volume surged by 382%.

LQTY rises by 35%. (Cryptowatch)

Tech

Arbitrum-Based FactorDAO Releases Staking Service, Developers Address Crypto Twitter Rumors

FCTR tokens fell to as low as 44 cents in the initial hours after a Camelot DEX sale and have since seen high volatility.

(Kevin Ku/Unsplash)

Markets

Optimism DEX Velodrome Generates Record Weekly Fees Following Coinbase Announcement

Coinbase said last week it is launching Base, another layer two network built using Optimism technology.

(DALL-E/CoinDesk)