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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.
Bonk Inu to Mint NFTs on Solana-Based Marketplace Magic Eden. But There's a Catch
A representative told CoinDesk that all BONK tokens used to mint the NFTs will be permanently burned.
Future of the BNB Chain
BNB Chain is one of the largest blockchains by daily active users, and the BNB ecosystem supports over 1,300 dapps across multiple categories, including DeFi, the metaverse, blockchain gaming and NFTs. BNB Chain Business Development Manager Alex Kim joins CoinDesk TV's Christine Lee from CES in Las Vegas to discuss the state of the BNB ecosystem in the wake of FTX's collapse and Huobi's recent layoff announcement.
Tron's Price Sinks 8%, USDD Depegs Amid Drama at Justin Sun-Related Huobi Crypto Exchange
Community sentiment soured around Huobi, which has Tron founder Sun as an adviser, after it said it will lay off hundreds of staff in coming weeks.
Bonk Inu Developers Burn All Their Team Tokens as Solana Ecosystem Frenzy Continues
Some 5% of the bonk token supply was burnt as prices dropped 40% in the past 24 hours.
DeFi Tool Convex to Make Changes to Staking Service for Curve Token Rewards
Curve tokens (CRV) are issued as yield farming rewards to liquidity providers on Curve Finance, and can be converted into vote-escrowed CRV (veCRV).
Ethereum Name Service Recorded Over 2.8M Domain Registrations in 2022
The figure represents 80% of all registrations since the service launched.
Solana's SOL Token Surges 20% as Dog Coin Bonk Fires Up Community Interest
Traders liquidated some $6.7 million worth of shorts amid rally, according to Coinglass.
DeFi Protocol Sushi to Shutter Lending Product to Focus on DEX
The decentralized exchange holds over $390 million in locked tokens as of Tuesday.
2022 Crypto Attacks Were Least in December, With $62M Lost in Heists, Certik Says
However, the blockchain audit firm noted some $3.7 billion was lost to scams and hacks in 2022, making it the worst year to date for nefarious activities in the market’s history.
Defrost Finance Denies Rug Pull Allegations Amid $12M Exploit
The group says it’s retrieved all the funds after offering a bounty to the hacker.
