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.


Finance

DeFi Debt Marketplace Credix to Open a $150M Stablecoin Credit Pool to Digital Lender Clave

Clave will use the pool to originate loans to Latin American businesses and consumers.

Coin98 joins a growing roster of DeFi protocols crafting their own stablecoin. (Unsplash, modified by CoinDesk)

Finance

Porter Finance Team Returns for Second Shot at DeFi Bonds Project

Months after Porter Finance was shuttered due to lack of demand, three of the four team members say they still feel the potential for on-chain bond issuances is massive.

(Shutterstock)

Tech

Attacker Behind $14.5M Team Finance Exploit Returns $7M

On-chain data shows that four projects affected in the attack received the stolen tokens over the weekend.

(Kevin Ku/Unsplash)

Opinion

‘Crypto CAT Bonds’ – A Killer App for Digital Assets?

Innovative crypto insurance could deliver a reliable interest rate-determined return to crypto investors, while helping close the reinsurance funding gap with tens of billions of dollars worth of tokens now being staked.

(Rachel Sun/CoinDesk)

Layer 2

Novel Trading Opportunities in DeFi for TradFi

The crypto industry can provide novel opportunities to generate value, but some of those avenues can't all be found in traditional finance.

(Marek Piwnicki/Unsplash)

Finance

Bain Capital Crypto Leads $3.3M Round for Privacy-Focused Identity Protocol

Notebook Labs aims to accelerate DeFi adoption with its crypto identity protocol.

Notebook Labs co-founders Nathaniel Masfen-Yan, Dhruv Mangtani and Solal Afota. (Notebook Labs)

Finance

Most Crypto Scams on BNB Chain, Solidus Labs Says

Crypto risk monitoring platform says it has flagged nearly 200,000 crypto rug pulls and decentralized finance scams since August 2020.

Binance CEO Changpeng Zhao and Emily Parker, CoinDesk executive director (Shutterstock/CoinDesk)

Opinion

DeFi Must Be Defended

The Digital Commodities Consumer Protection Act (DCCPA) threatens DeFi’s unique features of composability and permissionlessness

(Henry Hustava/Unsplash)

Tech

Compound Pauses YFI, ZRX, BAT and MKR Supply to Protect Against Potential Exploits

Attackers have recently been exploiting DeFi protocols by manipulating thinly traded tokens and eventually draining liquidity.

(Getty/Seksan Mongkhonkhamsao)

Finance

Digital Asset Data Provider Amberdata Acquires Crypto Analytics Company Genesis Volatility

The deal will allow Amberdata to expand its DeFi analytics offerings to institutional clients, which include Citi, Fidelity and Nasdaq.

Amber (Pixabay)