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.


Політика

Crypto World Is Cautious of Finer Details In EU's MiCA Law

Web3 advocates are cautiously welcoming Europe's new law, but must first resolve its paradoxes – like when is a non-fungible token fungible?

French diplomat Philippe Léglise-Costa and EU lawmaker Irene Tinagli huddle in the closing hours of talks on the MiCA law (Jack Schickler)

Фінанси

STEPN’s DEX Surpasses Orca to Become Largest Decentralized Exchange on Solana

The anonymous founder of the Solend protocol has expressed interest in integrating STEPN’s tokens into its lending platform.

STEPN’s DEX surpasses Orca. (Danny Nelson/CoinDesk)

Політика

Hurry Up With Crypto ID Checks, FATF Tells Countries

After the potentially privacy-busting "travel rule" for crypto transfers, global standard setters at the Financial Action Task Force have their eyes on DeFi, NFTs and unhosted wallets.

The Financial Action Task Force wants to outlaw dirty money flows through crypto. (Richard Levine/Corbis/ Getty Images)

Політика

DeFi Shouldn't Be Regulated, Crypto Advocates Tell UK Regulator

The advice comes from those who participated in a forum the Financial Conduct Authority held to hear from the digital assets industry.

(Piotr Swat/Shutterstock)

Технології

Chainlink’s Smart Contract Products Go Live on Fantom

Two protocols, Keepers and VRF, will allow developers to deploy more sophisticated applications on the Fantom network.

(Unsplash)

Layer 2

Crypto Jobs: Who’s Cutting and Hiring?

A running reckoning to layoffs and hirings in the cryptocurrency/blockchain industry. This piece is part of CoinDesk's Future of Work week.

CoinDesk placeholder image

Фінанси

FSInsight Accuses Three Arrows Capital of Running a ‘Madoff-Style Ponzi Scheme’

3AC borrowed recklessly from just about every institutional lender in the business, a report from the research firm says.

(The Image Bank/Getty Images)

Фінанси

Ledger Live Adds Yield Earning Capability via Alkemi Earn

The integration with Alkemi will provide Ledger users with the ability to earn yield for the first time.

Ledger Nano S hard wallet. (Motokoka/Wikimedia Commons)

Фінанси

Solana’s Macalinao Brothers Double Down on Crypto Venture Fund

Crypto VCs told CoinDesk that building projects and investing in them is a tricky mix.

Ian Macalinao is one half of the Saber brothers. (Danny Nelson/CoinDesk)

Фінанси

Solana’s Biggest DeFi Lender Almost Got Rekt. Then Binance Stepped In

Solend’s whale crisis rattled depositors and threatened to crash Solana. Can the lending protocol recover?

(State Library of New South Wales/Wikimedia Commons)