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

Here’s Why Artificial Intelligence Focused Cryptocurrencies Are Vastly Outperforming Bitcoin

Tokens utilizing AI technology have been on a tear in the past months. Some are sold on the hype, while some remain wary.

(DALL-E/CoinDesk)

Web3

Shiba Inu-Themed Floki to Release Chinese Version of Its Upcoming Valhalla Game

China’s crypto policies remain highly restrictive, but that’s not stopping some crypto projects from trying to attract users from the country.

(Christal Yuen/Unsplash)

Tech

DeFi Lender Aave to Distribute Lido Staking Rewards on Arbitrum and Optimism

Over 99% of all Aave governance participants voted in favor of the proposal.

(Micheile/Unsplash)

Tech

Uniswap DAO Approves Boba Network Deployment in Latest Community Vote

With its deployment on Boba Network, Uniswap has the opportunity to expand its community to include the users within Boba’s multichain ecosystem, significantly increasing both its total value locked and its transaction volume.

(Unsplash, modificado por CoinDesk)

Finance

DeFi Lender Alchemix Approves ALCX Token Buyback Plan

The new revenue spend model seeks to move Alchemix’s synthetic tokens in line with their underlying assets.

(DALL-E/CoinDesk)

Consensus Magazine

The Rise of Crypto's Brand of Regenerative Finance

Call it a culture shift or an evolutionary process, why this group of crypto-natives is building "public goods" for the longterm rather than focusing on short term profits.

Manuel Alzuru, fundador de DoinGud, dijo que “se está produciendo un despertar social” y que el futuro de las criptomonedas estará estrechamente vinculado a las ReFi. “Este es solo el principio”. (Kristopher Roller/Unsplash)

Markets

Decentralized Lending Protocol Centrifuge Accrues $6M Unpaid Debt

1754 Factory, the originator of the debt pool with the most distressed loans, said it is liquidating the assets off-chain and negotiating with borrowers for repayments.

Wikimedia Commons

Videos

Russia's Largest Bank to Introduce DeFi Platform by May: Report

Russia's largest bank, Sberbank, will release a decentralized finance (DeFi) platform by May, according to a report by the Russian news agency Interfax. "The Hash" panel discusses what this suggests about the evolution of the traditional banking system and future of DeFi.

Recent Videos

Finance

Russia's Sberbank Will Introduce DeFi Platform by May: Report

The bank's blockchain product director believes DeFi will one day replace traditional banking services.

Sberbank (Shutterstock)

Finance

Synapse Token Surges 44% as Cross-Chain Momentum Builds

The token has outperformed the broader DeFi sector since the turn of the year as investors flock to its cross-chain bridge.

Elliptic says RenBridge was used to launder $540 million in illicit funds. (Charlie Green/Unsplash)