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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.
Privacy-Focused Gnosis Chain Co-Founder Proposes Plan to Reduce Ethereum Dependency for GNO Token
Martin Köppelmann flagged potential security issues in a proposal discussion on Gnosis’ governance forums.
Ether Staking Service Lido Granted 1M Optimism Tokens to Incentivize Wrapped Staked Ether Adoption
Lido and Optimism aim to increase the availability of wrapped staked ether (wstETH) with OP tokens through the new liquidity mining and user incentives program.
Crypto Wallet Messaging Application Push Protocol Expands to BNB Chain
The move to BNB Chain could attract more users to Push, its founder said.
Nomura’s Crypto Arm Invests in Institutional Hybrid DeFi Protocol Infinity Exchange
The investment showcases a growing trend of merging DeFi infrastructure and TradFi solutions to enable tokenizing traditional assets and to create blockchain-based markets for institutional investors.
Cardano Gets 'Valentine' Upgrade: Here’s How it Benefits ADA Token
The ‘Valentine’ upgrade was pushed live on the mainnet in early Asian hours on Wednesday. Native ADA tokens outperformed crypto majors.
NFT Marketplace Blur's Token Reaches $500M Trading Volume After Airdrop
BLUR prices jumped to as much as $5 before falling 85% on Wednesday morning, price trackers show.
BNB Chain Aims to Double Transaction Speed, Targets ZK Tooling in 2023 Road Map
It also aims to more than triple the number of validators to 100.
Investors Rush to Tether as Paxos' BUSD Faces Regulatory Heat, Curve Liquidity Pools Show
Investors are fleeing the Paxos-issued stablecoin even though the firm gave assurances it is fully backed and will be wound down in an orderly manner, one observer said.
Avalanche Blockchain Had 1,500% Transactional Growth in 2022: Nansen
Such transactional activity came even as the total value of tokens locked on Avalanche-based decentralized finance applications slid from 2021’s $15 billion peak to just over $900 million in November 2022.
