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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.
Maker Price Soars As MakerDAO Brings Real-World Assets to DeFi
The Maker token's price has soared to a new all-time high over $4K after news that MakerDAO will allow users to use real estate to finance their loans on the platform. Will Foxley breaks down the significance of MakerDAO's move to bring real-world assets to DeFi.
Maker Price Passes $4K for First Time, as MakerDAO Brings Real Estate to DeFi
"Real world" assets have entered DeFi, as the Maker protocol reportedly just minted $38,000 of dai stablecoins to finance a mortgage loan.
DeFi News with Erik Voorhees
ShapeShift, a non-custodial cryptocurrency leader, has integrated its decentralized exchange mobile platform with THORChain, allowing users to trade unwrapped bitcoin with litecoin and ethereum. ShapeShift CEO and Founder Erik Voorhees shares details of THORChain and why he's convinced such decentralized finance (DeFi) platforms will reduce interest in crypto ETFs.
Q1 2021 Industry Trends: NFTs Rise to Fame, DeFi Consolidates 2020 Gains
Trading volume on decentralized exchanges also saw a similar pattern of steady growth and a slight decline near the end of the first quarter.
Is Bitcoin’s Stagnation a Sign It’s Becoming Less Volatile?
Bitcoin is known for its “lurch and lull” cycles, and last weekend’s drop in price is shaping up to be a lull as bitcoin remains stagnant around $55K. CoinDesk’s Galen Moore discusses bitcoin’s volatility and how it compares to other cryptocurrencies and DeFi.
Ampleforth Is Giving Governance Tokens to Every Wallet That Ever Held AMPL
Project leads estimate over 75,000 users will be eligible to claim the new FORTH governance token.
Conflux Launches Cross-Chain Bridge to Connect Asia's Largest Crypto Exchanges
Users on Ethereum, Binance Smart Chain, Huobi ECO Chain or OKEx Chain would be able to convert digital assets on one of these networks to an identical asset on a different chain.
Balancer Labs Offers $2M Bug Bounty to Spot Vulnerabilities
Balancer Labs wants to know about any vulnerabilities in its V2 Vault architecture, available Tuesday.
Oracle Provider API3 Signs 10-Year Deal With Open Bank Project
The partnership could bring fintech and banking customers into DeFi, says Open Bank Project founder Simon Redfern.
Tether on Tron Blockchain Hits $24B, Surpassing Ethereum Amid Explosive Stablecoin Demand
The amount of tether on the Tron blockchain has exceeded that on Ethereum.
