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.


Opinion

The DeFi Financial Crime Arms Race

By taking a fresh approach to stamping out financial crime we can build a safer future for DeFi.

(Markus Spiske/Unspash)

Policy

US Fed Chair Powell Urges Caution on Regulating DeFi

Some policymakers are keen to press new rules on the decentralized finance sector following the collapse of Do Kwon's terraUSD stablecoin.

Federal Reserve Chair Jerome Powell (Win McNamee/Getty Images)

Finance

DeFi Hub Umee Targets TradFi With Institutional Lending DAO

The cross-chain lending protocol has raised almost $40 million since June 2021.

(Zetong Li/Unsplash)

Policy

French Central Bank CBDC Projects Aim to Manage DeFi Liquidity, Settle Tokenized Assets

The Bank of France is looking at a wholesale central bank digital currency that would be used by banks and financial markets.

The former stock exchange in Paris (Edward Berthelot/Getty Images)

Finance

Galaxy Digital Offers Crypto Price Data on Chain Via Chainlink

Crypto price data will help developers build out their platforms, Galaxy’s head of strategic opportunities said.

(Unsplash)

Videos

Disney's NFT Interest Appears to Increase With New Job Posting

The Walt Disney Company is seeking an "experienced corporate attorney" to work on "emerging technologies," including non-fungible tokens (NFTs), the metaverse, blockchain and decentralized finance (DeFi). "The Hash" hosts discuss what Disney's latest job posting could mean for the entertainment giant's future crypto initiatives.

Recent Videos

Finance

Co-Founder of Failed Crypto Exchange QuadrigaCX Starts DeFi Protocol UwU Lend

The new platform released by Michael Patryn has already secured $57.5 million in total value locked.

QuadrigaCX co-founder Michael Patryn releases a new DeFi platform (Unsplash)

Tech

File-Sharing Crypto Project Filecoin Reports Strong Fundamental Growth Ahead of FVM Launch

Some 20,000 individual users are said to be using Filecoin to store over 50 million data objects used by dapps.

(Shaurya Malwa/CoinDesk)

Tech

Cardano’s Vasil Upgrade Marks an Important Milestone in the Blockchain’s Evolution

The chief scientist at IOG, Aggelos Kiayias, explains why Cardano has re-thought smart contracts and how it prioritizes security over speed.

Chief scientist at IOG Aggelos Kiayias (Provided)

Tech

Helium Ditches Own Blockchain in Favor of Solana After Community Vote

Voter turnout showed overwhelming support for moving Helium’s native network to Solana, with 80% of voters in favor in early Asian hours on Thursday.

(Peter Cade/Getty Images)