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.


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Goldman Sachs Launches First OTC Crypto Trade

Wall Street investment bank Goldman Sachs has conducted its first over-the-counter (OTC) crypto-related trade, a cash-settled bitcoin (BTC) non-deliverable option, with digital asset financial company Galaxy Digital. Watch “The Hash” group discuss the significance of this trade in the broader context of institutional crypto and Galaxy's potential as a liaison between traditional institutions and DeFi products. 

Recent Videos

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Argentina Approves IMF Debt Deal Discouraging Crypto Use

Argentina’s Senate has approved a $45 billion debt deal with the International Monetary Fund (IMF) that includes a provision about discouraging the use of cryptocurrency in the country.

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Tecnologie

Parallel Finance Launches DeFi ‘Super App’ for Polkadot Crypto Ecosystem

The lending protocol, with $500 million in TVL, is making a play for market dominance.

An installation by Japanese artist Yayoi Kusama, after whom Polkadot's canary network is named. (Suhaimi Abdullah/Getty Images)

Finanza

Ultiverse to Expand Metaverse Offerings in BNB Chain Ecosystem With $4.5M Raise

The round was co-led by Binance Labs and DeFiance, a Three Arrows Capital platform fund.

(CoinDesk archives)

Finanza

Katie Haun’s New Fund Joins $10M Round for Polkadot Lending Protocol Moonwell

The project will enable users to take out over-collateralized loans on Polkadot’s EVM-compatible Moonbeam parachain.

(malith d karunarathne/Unsplash)

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Compound Labs Founder on Bridging the Gap Between DeFi and Traditional Finance

Robert Leshner, Compound Labs founder, joins “First Mover” to discuss how decentralized finance (DeFi) and traditional financial systems can work together. Leshner explains the ability of institutions to facilitate widespread adoption of DeFi technology and how Compound Labs' "Treasury" project attracts financial institutions. Plus, a conversation on the prospects of a digital dollar in the U.S.

Recent Videos

Tecnologie

Understanding the Technology Behind Decentralized Exchanges

A deeper dive into liquidity pools, automated market makers, yield farming and other aspects of DEXs. This is the third part of a continuing series on understanding DeFi.

(Rohit Choudhari/Unsplash)

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Crypto Industry Under Scrutiny Amid Russian Sanctions

Amid growing concern that Russia could leverage crypto during its war with Ukraine, Rebecca Rettig, general counsel of the Aave Companies, discusses her take on whether cryptocurrencies could pose as a route for sanction evasion. Plus, insights into the state of DeFi, crypto adoption in Ukraine, and the EU’s new crypto regulatory framework.

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DeFi Protocol Euler Hires Fmr NY Fed Staffer as COO

Permissionless crypto lending protocol Euler Finance announces its new COO – a New York Federal Reserve veteran Brandon Neal. “The Hash” co-host Zack Seward says this move highlights the growing momentum of institutional DeFi, and that “sometimes, boring is good.” The team unpacks what this hiring means for the industry at large.

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Finanza

Aave General Counsel Rebecca Rettig Joins Silvergate’s Board

The lawyer says “there will be lots of opportunities” for Silvergate to serve as a partner to those building in DeFi.

Rebecca Rettig has joined Silvergate's board (Aave)