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

Index Coop Isn’t Worried About Enso’s ‘Vampire Attack’

The crypto index-fund builder raised another $2.25 million from big-name backers even before a competing protocol struck.

Garlic fends off vampires. (team voyas on Unsplash)

Finance

Scaling Ethereum Without Trade-Offs: Inside EIP 4488

The upgrade could help lower transaction costs for rollups while the network waits for sharding to be implemented.

(Steven Puetzer/The Image Bank/Getty Images)

Finance

‘DeFi 2.0’ Platform JellyFi Raises $4.4M Seed Round

Over-collateralized lending reigns supreme in DeFi. JellyFi wants to change that.

(Jose G. Ortega Castro/Unsplash)

Tech

DeFi Index Project to Launch With Vampire Attack on Index Coop, Others

Enso Finance, a new index and “social trading” protocol, is arriving on the scene in gruesome fashion.

(Clément Falize/Unsplash)

Policy

DeFi’s Decentralization Is an Illusion: BIS Quarterly Review

The BIS review dedicated a special feature to discussing decentralized finance and its implications for financial stability.

The headquarters of the Bank for International Settlements (BIS) is seen in Basel, Switzerland, on Tuesday, June 25, 2013. Central banks can't expand loose monetary policy without exacerbating risks to world economies, the Bank for International Settlements said this week. Photographer: Gianluca Colla/Bloomberg via Getty Images

Videos

Is DeFi’s Decentralization Just an Illusion?

In its latest quarterly review, the Bank for International Settlements (BIS) said decentralized finance (DeFi) has a centralization problem, and policymakers should use it to regulate the sector. "The Hash" team digs into the report and what it illuminates about the potential risks of DeFi. Could open finance undermine financial stability?

Recent Videos

Tech

BitMart CEO Says Stolen Private Key Behind $196M Hack

The crypto exchange’s CEO said the company will compensate affected users out of its own funds.

(ETA+/Unsplash)

Markets

CoinDesk 20 Update: ATOM, ICP and SOL Are In; AAVE, GRT and UNI Are Out

Web 3 is replacing DeFi among the most traded currencies in crypto.

The Solana conference's closing gala in Lisbon's main square. (Zack Seward/CoinDesk archives)