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

Sui Network Turns to Mist Units to Improve Payment Efficiency

Developers said that denoting Sui in Mist units will enable more flexibility in SUI transactions by supporting micropayments at very low gas fees.

By Shaurya MalwaOct 21, 2022

Sui Network developers introduced Mist units for the project’s native SUI tokens. (Getty Images)

Tech

DeFi Exchange Mango's $114M Exploit Was 'Market Manipulation,' Not a Hack, Ex-FBI Special Agent Says

Chris Tarbell, co-founder of crypto investigative firm Naxo, discusses why the theft was more about manipulating the platform's native token than hacking the system.

By Fran VelasquezOct 20, 2022

Videos

"Ethereum Killers" Could Take Decades to Die Away: Paul Brody

Ernst & Young Principal Paul Brody discusses the outlook for Ethereum's challengers and DeFi at large amid an increasing ecosystem dominance of the Ethereum blockchain. "Even after the winner is clearly visible, the losers take a long time to die away ... it could go on for decades," Brody said.

Oct 20, 2022