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

Helium Ditches Own Blockchain in Favor of Solana After Community Vote

Voter turnout showed overwhelming support for moving Helium’s native network to Solana, with 80% of voters in favor in early Asian hours on Thursday.

By Cam Thompson, Shaurya MalwaSep 22, 2022

Opinion

Las aplicaciones Cripto habilitadas para la privacidad llegarán a las empresas, pero no de la noche a la mañana

Los esfuerzos de blockchain favorables a las empresas enfrentan varios obstáculos, incluida la escala, la capacidad informática y la gestión de la Privacidad de los datos.

By Paul BrodySep 21, 2022

(Arthur Mazi/Unsplash, modified by CoinDesk)

Opinion

Privacy-Enabled Crypto Applications Are Coming for Enterprise, but Not Overnight

Corporate-friendly blockchain efforts face several hurdles, including scale, compute capacity and the management of data privacy.

By Paul BrodySep 21, 2022

Tech

Push to Cut Ethereum Network Fees Opens Funds-Draining Bug in Scaling Tool Arbitrum

The vulnerability would have allowed attackers to steal all ether deposits into Arbitrum Nitro.

By Shaurya MalwaSep 21, 2022

Markets

Ether Funding Rates Revert to Normal Days After Successful Merge

A popular trade drove up funding rates to lifetime highs for ether futures.

By Shaurya MalwaSep 21, 2022

Funding rates on ether futures return to normal days after merge (Pixabay)

Markets

Decentralized Finance Protocol Coin98 Unveils Native Stablecoin CUSD

The move comes as DeFi platforms such as Curve and Aave race to craft their own stablecoins to attract users and boost growth.

By Krisztian SandorSep 20, 2022

Coin98 joins a growing roster of DeFi protocols crafting their own stablecoin. (Unsplash, modified by CoinDesk)

Finance

Hacked Crypto Market Maker Wintermute Has $200M in Outstanding DeFi Debt

The firm's CEO described the company as solvent following the $160 million hack.

By Oliver KnightSep 20, 2022

Evgeny Gaevoy, Wintermute CEO (Danny Nelson/CoinDesk)

Videos

Cryptocurrency Market Maker Wintermute Lost $160M in Hack

Cryptocurrency market maker Wintermute lost $160 million in a hack relating to its decentralized finance (DeFi) operation, but the company’s lending and OTC operations have not been affected. “The Hash” panel breaks down the details.

Sep 20, 2022

Finance

DeFi Platform Maple Finance Aims to Help Struggling Bitcoin Miners With $300M Lending Pool

The DeFi platform is launching its first fully collateralized, industry-specific lending pool with up to 20% interest rate as bitcoin miners are finding it tough to raise capital.

By Eliza GkritsiSep 20, 2022

A Bitfarms mining facility in Washington State. (Eliza Gkritsi/CoinDesk)

Finance

Crypto Market Maker Wintermute Hacked for $160M, OTC Services Unaffected

Wintermute's lending and OTC operations have not been affected despite the hack.

By Oliver KnightSep 20, 2022

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