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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.
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%.

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.

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.

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.

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.

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.

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.

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%.

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.

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.
