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.


Markets

Crypto Broker DeltaPrime Drained of Over $6M Amid Apparent Private Key Leak

The project is offered on both Arbitrum and Avalanche blockchains. Monday’s exploit impacted only the version on Arbitrum as of European morning hours.

ddos (Shutterstock)

Finance

Latin American Crypto Exchange Ripio Unveils DeFi Credit Card With Visa

The card will allow users to access up to 30% of blocked assets in a liquidity pool.

Ripio CEO Sebastian Serrano (Ripio)

Finance

World Liberty, Crypto Project Helmed by Donald Trump's Family, Will Release on Sept. 16

World Liberty Finance is helmed by Trump’s sons, Eric Trump and Donald Trump Jr, and the 18-year-old Barron Trump is the project's "DeFi visionary.”

Donald J. Trump at a rally (Gerd Altmann, modified by CoinDesk)

Finance

DeFi Lending Giant Sky Sets Vote to Offload Wrapped Bitcoin as Justin Sun Concerns Linger

The action could impact $200 million of DeFi loans in the Sky ecosystem should the proposal pass.

A cardboard cutout of Tron founder Justin Sun (Danny Nelson/CoinDesk)

Markets

Bitcoin Yields as High as 45% on Offer in Pendle's New Pools

The floating yields on the bitcoin-based LBTC token are from pools that went live on Wednesday. There's also a fixed-yield option of an annualized 10%.

(engin akyurt/Unsplash)

Tech

Osmosis Launches Cross-Chain Token Portal 'Polaris,' Expanding Beyond Cosmos Roots

Polaris is described as a "token portal" aimed at solving one of decentralized finance's biggest challenges: fragmented user experience.

Osmosis Labs co-founder Sunny Aggarwal (Danny Nelson/CoinDesk)

Opinion

How Ethereum 2.0 Can Transform DeFi

The shift to proof-of-stake has raised worries about over-centralization. By reaffirming its commitment to decentralization, the blockchain can realize its goals, says James Wo, Founder & CEO of DFG.

(Gerd Altmann/Pixabay)

Finance

Inside the Trump Crypto Project Linked to a $2M DeFi Hack and Former Pick-Up Artist

Four team members listed in World Liberty Financial's white paper previously worked on Dough Finance, which was drained of $2 million in July. One also founded Date Hotter Girls LLC.

Donald Trump, center, pictured with sons Eric Trump, left, and Donald Trump Jr. (Alex Wong/Getty Images)

Tech

DeFi Protocol Penpie Exploited for $27M of Crypto Assets; PNP Token Craters 40%

Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said.

(Alpha Rad/Unsplash)

Opinion

Institutional DeFi Needs a BUIDL Moment

The lack of institutional adoption in DeFi is mostly due to capability limitations, not just regulatory uncertainty, says Jesus Rodriguez, CEO, IntoTheBlock.

Wall Street has bitcoin mining mergers on its mind. (Chenyu Guan/Unsplash)