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

Hashflow, DeFi's 'Un-Automated' Market Maker, Launches With $3.2M in Funding

The project looks to combine the best of DeFi DEXs with the efficiencies of working with a professional trading desk.

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Finance

Notional Raises $10M to Grow DeFi Lending Protocol With ‘Real World’ Potential

The Ethereum-based lending startup is seeing users take out crypto loans for more than just yield farming.

Jeff Wu (left) and Teddy Woodward (right), co-founders of Notional Finance

Markets

Market Wrap: Bitcoin Stays Near $55K as Ether Hits Brand-New Record Price

Bitcoin’s stagnant market is due to investors continuing to explore other cryptocurrencies, says one trader.

CoinDesk XBX Index

Finance

Polygon Launches $100M Fund to Support DeFi Adoption

The Ethereum scaling project says its #DeFiforAll Fund aims to onboard "the next million users" to decentralized finance.

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Markets

Serum Token Becomes Latest Project in Bankman-Fried Empire to Turn Heads

FTX-backed serum has surged to an all-time high price.

FTX CEO Sam Bankman-Fried

Finance

Bumper, a DeFi-Based Crypto Volatility Protection Plan, Raises $10M

The project shields users from crypto’s dips. Under the hood, it’s all about DeFi.

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Finance

'AWS for Blockchains' Alchemy Closes $80M Funding Round at $505M Valuation

Alchemy powers most of DeFi and almost all the big NFT platforms. The round was co-led by Coatue Management.

Left to right: Joe Lau, Alchemy co-founder, and chief technology officer; Nikil Viswanathan, Alchemy co-founder and CEO; John Hennessy, Google chairman and Alchemy investor

Markets

DeFi Pushes ETH Loans at Genesis to New Highs as BTC Rates Drop

ETH loans now make up 27% of Genesis’ loan book, as hedge funds get more comfortable with DeFi.

Genesis Trading CEO Michael Moro speaks at Invest: Asia 2019.

Finance

Volt Capital Unveils $10M Fund Backed by CMT Digital, Balaji Srinivasan

Soona Amhaz’s venture firm has been quietly making equity plays across the crypto space for seven months.

Volt Capital General Partner Soona Amhaz

Markets

Yearn Finance Earns $5M in Q1, Besting Total 2020 Profit

DeFi's original robo adviser for yield is betting on transparency as it grows through the bull market.

Farming continues in 2021.