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

Privacy-Enabled Crypto Applications Are Coming for Enterprise, but Not Overnight

Corporate-friendly blockchain efforts face several hurdles, including scale, compute capacity and the management of data privacy.

(Arthur Mazi/Unsplash, modified by CoinDesk)

Tech

Push to Cut Ethereum Network Fees Opens Funds-Draining Bug in Scaling Tool Arbitrum

The vulnerability would have allowed attackers to steal all ether deposits into Arbitrum Nitro.

(Kevin Ku/Unsplash)

Markets

Ether Funding Rates Revert to Normal Days After Successful Merge

A popular trade drove up funding rates to lifetime highs for ether futures.

Funding rates on ether futures return to normal days after merge (Pixabay)

Markets

Decentralized Finance Protocol Coin98 Unveils Native Stablecoin CUSD

The move comes as DeFi platforms such as Curve and Aave race to craft their own stablecoins to attract users and boost growth.

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

Finance

Hacked Crypto Market Maker Wintermute Has $200M in Outstanding DeFi Debt

The firm's CEO described the company as solvent following the $160 million hack.

Evgeny Gaevoy, Wintermute CEO (Danny Nelson/CoinDesk)

Videos

Cryptocurrency Market Maker Wintermute Lost $160M in Hack

Cryptocurrency market maker Wintermute lost $160 million in a hack relating to its decentralized finance (DeFi) operation, but the company’s lending and OTC operations have not been affected. “The Hash” panel breaks down the details.

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Finance

DeFi Platform Maple Finance Aims to Help Struggling Bitcoin Miners With $300M Lending Pool

The DeFi platform is launching its first fully collateralized, industry-specific lending pool with up to 20% interest rate as bitcoin miners are finding it tough to raise capital.

A Bitfarms mining facility in Washington State. (Eliza Gkritsi/CoinDesk)

Finance

Crypto Market Maker Wintermute Hacked for $160M, OTC Services Unaffected

Wintermute's lending and OTC operations have not been affected despite the hack.

(Shutterstock)

Markets

DeFi Trader Nets Over $500K by Using DEX GMX to Manipulate Avalanche Token

GMX developers capped open interest for Avalanche tokens to prevent a repeat of the strategy.

Zipmex is to release tokens to users' wallets in the next week after blocking customers from direct custody of their coins last month. (Jose Miguel/Pixabay)

Finance

Two Sigma Ventures Raises $400M for Two Funds, Plans Crypto Investments

The firm invests about 15% of its capital to crypto and Web3 projects

U.S. Dollars (Shutterstock)