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.


Videos

Uniswap Reportedly Eyeing Over $100M in Fresh Funding

Uniswap is putting together a new funding round in a bid to expand its product offerings, according to TechCrunch. "The Hash" team discusses what this means for the decentralized exchange and state of DeFi.

Recent Videos

Policy

CFTC Charges Digitex Founder Adam Todd With Running Illegal Crypto Derivatives Trading Platform

The regulator said Todd failed to register his service as a futures trading platform with the agency.

(Mark Van Scyoc/Shutterstock)

Finance

DeFiance Capital's Arthur Cheong Is Raising Money for a New Fund: Sources

The fund will focus on liquid crypto investments and targets raising about $100 million, a person familiar with the matter said.

(Dall-E/CoinDesk)

Finance

Crypto Trading Platform Provider WonderFi to Offer Equities Next Year Through Bitbuy Unit

WonderFi purchased Bitbuy in January for $161.8 million in cash and shares.

Bitbuy President Dean Skurka, WonderFi strategic investor Kevin O'Leary and WonderiFi CEO Ben Samaroo (WonderFi)

Finance

Cardano's Founding Entity Emurgo to Invest Over $200M to Boost Ecosystem

The funds will be invested in projects over a three-year period.

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

Finance

Blockchain-Powered Reinsurer Re Raises $14 Million Seed Round to Build Decentralized Market

The company sees its protocol as providing collective backing of insurance policies in a similar way to the Lloyd’s of London market.

Inside the Lloyd's of London insurance market. (Lloyd's of London)

Policy

Tron Founder Justin Sun Thinks Crypto Could Learn Something From TradFi

“We want our 100 million customers to know that we really take their money and their data seriously,” he said in an interview with CoinDesk.

Justin Sun, speaking at the Binance Blockchain Week in Paris. (Amitoj Singh/CoinDesk)

Finance

Market Maker Flowdesk to Join With Jump-Backed Pyth Network to Improve Access to Blockchain Data

Flowdesk hopes the partnership will help DeFi users and developers gain ready access to institutional-quality market data.

(Unsplash)

Markets

Ethereum Project Ribbon Finance Launches Crypto Options Exchange to Boost Growth

Ribbon said it expects trading volumes to reach over $100 million a day within the first six months.

Ribbon founder Julian Koh announced Aevo at Token 2049 in Singapore. (Shaurya Malwa/CoinDesk)

Policy

Industry Offers Cautious Welcome to EU’s Landmark Crypto Law MiCA

A near final leaked text is fuzzy on NFTs and could strangle the stablecoin market, some worry, but the overall reception to the bill appears to be positive.

A leaked draft of Europe's landmark Markets in Crypto Assets bill is being received warmly by the crypto community, despite a few concerns. (Frederic Köberl/Unsplash)