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

DeFi Giant MakerDAO Speeds Up DAI Transactions and Withdrawals, Expands to Arbitrum, Optimism

MakerDAO’s new technology, Maker Teleport, enables users of the DAI stablecoin to circumvent Ethereum’s congested base layer.

(Unsplash)

Tech

4 Key Takeaways from the FTX Fiasco

The real reason why the FTX failure hits so hard is not because the crypto industry was duped, but because it proved that the industry was vulnerable to being duped.

(Bettmann/Getty Images)

Markets

DeFi Protocols Are Winning Users as Centralized Crypto Exchanges Suffer Ether Outflows

In the wake of the downfall of Sam Bankman-Fried’s FTX exchange, crypto traders are increasingly turning toward decentralized-finance (DeFi) protocols – as Ethereum tokens flow off big centralized crypto exchanges like Binance and OKX.

(Getty Images)

Opinion

Understanding the Tax Implications of NFTs, Staking and Yield Farming

Individuals and institutions should carefully consider their tax obligations and, in the absence of official guidance, consult tax professionals or take the most conservative approach to avoid costly future audits.

(Kelly Sikkema/Unsplash, modified by CoinDesk)

Learn

What Are DeFi Tokens?

Decentralized finance tokens provide crypto users with access to a number of bank-like services such as loans, lending and insurance.

Crypto Currency Finance Technology. DeFi Speech Bubble Announcement (Andrey Popov/Getty Images/iStockphoto)

Finance

DeFi de Solana pierde casi US$700M por el colapso de FTX

El fundador de FTX, Sam Bankman-Fried, era un destacado patrocinador de la red.

Solana Hacker House en Miami, abril del 2022. (Danny Nelson/CoinDesk)

Tech

FTX Accounts Drainer Swaps Millions in Stolen Crypto, Becomes 35th-Largest Ether Holder

The funds were converted to DAI stablecoins and bridged to the Ethereum network.

(Adam Levine/CoinDesk)

Finance

Solana DeFi Sees Almost $700M in Value Wiped Out on FTX Fallout

FTX founder Sam Bankman-Fried was a prominent backer of the network.

Solana Hacker House en Miami, abril del 2022. (Danny Nelson/CoinDesk)

Finance

Crypto Lender BlockFi Updates Users on Platform, FTX Exposure

The company denied rumors that a majority of its assets are custodied at collapsed crypto exchange FTX.

Zac Prince, CEO de BlockFi, en Consensus 2019. (CoinDesk)

Opinion

FTX Showed the Problems of Centralized Finance, and Proved the Need for DeFi

The meltdown of Sam Bankman-Fried's crypto trading empire could not, and would not, have happened to a decentralized and transparent protocol.

Former FTX CEO Sam Bankman-Fried in the Bahamas (Danny Nelson/CoinDesk)