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.


Tech

Fantom Blockchain to Release Version 2 of fUSD Stablecoin

The migration from version 1 will result in liquidations of any positions where fUSD debt is equal to or greater than the FTM backing it.

(EyeEm/Getty Images)

Markets

Floki Inu DAO Passes Proposal to Burn Over $100M Worth of Tokens

FLOKI's price has rallied more than 100% in the past week.

Portrait Of Shiba Inu Dogs Traveling In Car (Getty Images)

Finance

DeFi Lender Aave Deploys Version 3 on Ethereum Network

Aave v3 allows users to benefit from the highest borrowing power out of their collateral.

AaveV3 is live. (app.aave.com)

Markets

Polygon Derivatives DEX Gains Network Crosses $1.5B in Trading Volume on Arbitrum

Trading volumes on Gains Network deployed on Arbitrum reached $230 million in the past 24 hours alone, data shows.

(David Mark/Pixabay)

Markets

Floki Inu Developers Float DAO Proposal to Burn $55M of Its Own Tokens

The proposal is part of a broader move towards positioning Floki Inu as a serious DeFi project, developers told CoinDesk.

DOGE rally is news-driven and doesn't represent speculative frenzy. (Thorsten/Pixabay)

Tech

Cardano DEXs Will Support Djed Stablecoin Liquidity Pools Starting Next Week

The issuance of Djed’s overcollateralized stablecoin has been a much-hyped topic in the Cardano community.

Liquidity Pool (Unsplash)

Opinion

Web3 Loyalty Programs Are a Trojan Horse for Good Crypto Policy

Crypto's three pillars of ownership, control and interoperability are likely to resonate with policymakers the most, writes Josh Rosenblatt of Co:Create.

The Trojan horse, after a painting by Henri Motte, Corcoran Gallery, Washington, D.C. (Getty Images)

Tech

Canto DEX Trading Volume Soars 200% Ahead of Proposals to Upgrade Network

The price of Canto's token has tripled since Jan. 1.

(Shubham Dhage/Unsplash, modified by CoinDesk)

Finance

Index Coop Introduces Index for Diversified Liquid Ethereum Staking

The product includes Lido's etETH, Rocket Pool's rETH and StakeWise's sETH2

Liquidity Pool (Unsplash)