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

Transit Finance Hacker Returns $2.74M to Victims, Sends $686K to Tornado Cash

Transit Finance hacker has sent $686,000 worth of BNB tokens to the sanctioned Tornado Cash protocol.

La billetera de criptomonedas BitKeep sufrió un hackeo de US$1 millón de tokens. (Unsplash)

Markets

Crypto Investment Firm Blockwater Technologies Defaults on DeFi Loan

The South Korea-based crypto investment firm failed to make a payment on a $3.4 million loan to TrueFi, a decentralized lending protocol.

Falling dominoes (Getty Images)

Videos

Defi Platform Exponential Raises $14M in Seed Funding Round Led by Paradigm

Exponential, a DeFi investment discovery and risk assessment platform, has raised $14 million in seed funding led by crypto-focused investment firm Paradigm. Exponential.fi Co-Founder & CEO Driss Benamour shares insights into the state of DeFi and the impact of BNB Chain's $100M cross-chain bridge exploit.

Recent Videos

Finance

Decentralized Social Network's DeSo Token Rallies Amid Stablecoin Plans

The project has created a wrapper for Circle’s widespread USDC stablecoin.

Nader Al Naji, Head of the DeSo Foundation, cofounder and former CEO of Basis. (Outcast Agency)

Markets

DeFi Platform Ribbon Finance's Unsecured Lending Product Sees Crypto Firms Folkvang and Wintermute Borrow Over $10M

Ribbon's Lend, which went live on Monday, allows institutions to borrow funds without having to lock in collateral.

Ribbon's unsecured lending product, Lend, went live on Monday. (Pixabay)

Finance

Asset Management Giant GoldenTree Discloses $5.2M Investment in SushiSwap

The credit-focused firm has been ramping up its commitment to cryptocurrency, unveiling a new investment manager and fund in recent months.

(Unsplash)

Finance

Transit Swap Exploiter Returns Large Chunk of $28.9M Hack

Security firms help locate the hacker's IP address following the $28.9 million exploit.

(Kevin Ku/Unsplash)

Finance

Crypto Venture-Capital Firm Paradigm Leads $14M Funding Round for DeFi Platform Exponential

The tool helps users assess risks in decentralized finance and compare investments.

The Exponential DeFi platform raised $14 million in Paradigm-led funding round. (Exponential)

Finance

Sushi Community Votes in 'Head Chef' to Oversee Decentralized Crypto Exchange

CEO Jared Grey plans to work out the kinks associated with Sushi’s internal structure that may have prompted departures in the past.

Sushi is in flux. (Jakub Dziubak/Unsplash, modified by CoinDesk)

Layer 2

Student Organizations Pull Their Weight in DeFi Protocol Governance

Crypto-curious students find valuable hands-on experience and empowerment in policy elections, a typically low-participation area of the Web3 ecosystem

(DALL-E/CoinDesk)