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

Uniswap to Deploy on Privacy-Focused zkSync Following Community Vote

The proposal passed with nearly 100% of all votes in favor of the move.

(Unsplash, modificado por CoinDesk)

Videos

US Judge Rules Crypto Advocates Can Join Ooki DAO's Defense Against CFTC

A federal judge ruled Wednesday that two groups of crypto advocates could argue that the Commodity Futures Trading Commission (CFTC) should not be able to serve Ooki DAO members through a website help bot. "The Hash" panel discusses the latest in Ooki DAO's ongoing case making waves in DeFi land.

Recent Videos

Markets

TrueFi's $4M Bad Debt in Limbo Shows Risk of Crypto Lending Without Collateral

Decentralized lending protocol TrueFi’s experience with loan default reveals its recourse for recovering bad debts: old-school solutions that can be time-sapping and costly, such as taking borrowers to court.

(Unsplash, modified by CoinDesk)

Tech

October Becomes Worst Month for Crypto Hacks With Two Weeks to Go

Over $718 million has been stolen from DeFi protocols across eleven different hacks this month so far, per research firm Chainalysis.

Revolut's customer data was compromised by a phishing attack. (Shutterstock)

Finance

Crypto Sleuth ZachXBT’s Efforts Lead to Prosecution of Alleged Bored Ape NFT Scammers

The phishing scam, where people were defrauded out of millions of dollars worth of NFTs, was brought to light in August.

(Bored Ape Yacht Club, modified by CoinDesk)

Videos

Market Manipulation Leads to $100M Exploit on Solana DeFi Exchange Mango

A rogue crypto trader utilized millions of dollars to manipulate the prices of Mango’s MNGO tokens on the namesake Solana-based decentralized exchange (DEX) to eventually drain over $116 million in liquidity from the platform. "The Hash" panel discusses the details of the hack and revelations about the vulnerabilities of DeFi.

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Videos

Why Tribe Capital Is 'Tripling Down' on Permissionless Innovation

“Between bridges, inter-blockchain communications ... we’re doubling down, tripling down on anything permissionless innovation between and within chains," Tribe Capital CEO and co-founder Arjun Sethi says. He discusses how the latest string of DeFi hacks affects the company's investing thesis.

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Videos

Tribe Capital CEO on Crypto Industry Investment Outlook

Reacting to data indicating VC funding for crypto startups plunged to its lowest level in a year, Tribe Capital CEO and co-founder Arjun Sethi discusses the potential risks of CeFi and DeFi and his outlook for institutional adoption. Plus, growth plans for Tribe Capital.

Recent Videos

Finance

Crypto Data Science Shop Gauntlet Launches Treasury Management System for DAOs

Aera aims to make DAOs the agile, risk-aware institutions DeFi is lacking.

Gauntlet founder and CEO Tarun Chitra (Gauntlet)

Tech

Curve DAO Proposal to Enable Easier CRV Rewards Passes With Overwhelming Support

The move means projects looking to offer CRV rewards to their users would no longer need to propose their requirements to Curve’s governance community.

(vlastas/iStock/Getty Images Plus)