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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.
Avalanche DEX Trader Joe Plans to Make its Tokens More Valuable for Users
The platform aims to expand to Arbitrum and BNB Chain in the coming weeks and is changing part of how its tokens are rewarded and distributed.
MakerDAO Favors Holding GUSD Stablecoin as Part of Reserve in Early Voting
MakerDAO voters so far prefer keeping the $500 million Gemini USD stablecoin ceiling in Maker’s DAI stablecoin reserve over decreasing its role or phasing it out.
DeFi-Focused Startup Blue Comes Out of Stealth With $3.2M Raise
The firm offers products to help with know-your-customer and money-laundering checks.
DeFi Service Frax Finance Gains Momentum Amid Ether Staking Narrative, FXS in Focus
High yields on Curve-related pools have attracted millions of dollars' worth of ether to Frax in the past few weeks.
DeFi Protocol Thena's Total Value Locked Surged to $90M in Its First Week
The BNB Chain-based DeFi protocol offers 9.93% yields for traders that stake stablecoins.
Ethereum Layer 2 Network Optimism Sees Bump in Transactional Activity. Here's Why it Matters
Transactional activity can serve as a predictive indicator of forthcoming investor interest in any blockchain ecosystem.
Filecoin Foundation Chair on Future of Decentralized Storage
Filecoin Foundation Chair Marta Belcher discusses the application of a decentralized storage system in space, teaming up with Lockheed Martin, and why many DeFi projects are sticking with cloud computing services like Amazon Web Services (AWS). Plus, the significance of the crypto industry's presence at the World Economic Forum in Davos, Switzerland, and a closer look at Filecoin's (FIL) recent price action.
BNB Chain Burns Over $575M in BNB Tokens, Binance Confirms
Since the introduction of BEP95, over 145,000 BNB has been burnt under this mechanism.
Crypto White Hat Platform Immunefi Banned 15 ChatGPT-Generated Bug Reports. Here's Why
Bug reports are “really an art,” an Immunefi developer told CoinDesk.
DeFi Protocol Sushi Lays Out 2023 Plans With Focus on DEX and User Experience
Sushi will release a DEX aggregation router in the first quarter of 2023, the protocol's CEO said.
