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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.
Bank of America: Innovation to Expand Decentralized Finance Functionality Over Time
Developer activity and adoption is the key to success, the report said.
DeFi Giant MakerDAO to Introduce Aave Rival Dubbed Spark Protocol
The protocol is a fork of Aave v3 and will increase the use case for the DAI stablecoin.
Umami Finance CEO Dumps All Tokens After Week-Long Drama, Leaving Crypto Hopefuls Stranded
The move follows Umami making changes to how its value accrual token worked.
Tron Blockchain Commits $100M in Grants to AI-Focused Projects
The commitment comes as AI-focused tokens take over the narrative in crypto circles.
Cardano Upgrade Aims to Improve Cross-Chain Features as On-Chain DeFi Crosses $100M TVL
“This upgrade will bring new cryptographic primitives to Cardano, encouraging greater interoperability and secure cross-chain dapp development with Plutus,” IOG said Wednesday.
Flux Finance Launches Lending Token Collateralized by U.S. Treasurys
Flux Finance invests in Ondo’s Short-Term U.S. Government Bond Fund (OUSG) a tokenized version of a Blackrock Treasury Bond ETF.
Ether Liquid Staking Tokens Jump on Rumors of SEC Ban for Staking Providers
Coinbase CEO Brian Armstrong said he heard rumors about a possible ban on staking providers in the U.S.
MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin
The proposed Spark Protocol will leverage MakerDAO’s DAI stablecoin and its crypto assets for liquidity, and would be based on lending protocol Aave’s upgraded smart contract system.
A Pragmatic View of ChatGPT in a Web3 World
Artificial intelligence is revolutionizing every aspect of our daily lives. What will it mean for Web3? IntoTheBlock's Jesus Rodriquez learns from the machine.
Cardano DEX SundaeSwap Floats First On-Chain Governance Proposal
The proposal determines the terms, conditions and parameters of future proposals if passed by token holders.
