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.


Markets

DeFi Lending Platforms Liquidate Record $115M in Loans as ETH Price Drops

You can send an Ethereum transaction, or you can buy yourself a steak dinner.

Liquidations on Tuesday across major DeFi lending platforms.

Finance

How Coinbase Is Worth $100B

Poised for a public offering, Coinbase has built an incredibly profitable business. But Binance is probably worth a lot more.

Coinbase CEO Brian Armstrong

Finance

Galaxy Digital, IOSG Lead $4.3M Funding Round for 'DeFi Bridge' Centrifuge

The company said the capital raised will be used to further grow its business.

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Finance

Convergence Protocol Raises $2M in Funding Round Led by Hashed

The funding will be used to further develop Convergence's testnet and mainnet.

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Markets

Market Wrap: Bitcoin Stabilizes After Margin Calls Fuel Biggest Plunge in Month

After a lot of drama, bitcoin’s back to trading where it was a few days ago.

CoinDesk's Bitcoin Price Index

Videos

The Impact as Ethereum Gas Fees Hit All-Time-High

Ethereum transaction fees, called "gas fees," have been rising along with ETH's value, hitting an all-time-high. "The Hash" team discusses what spillover impact this is having on DeFi products.

Recent Videos

Videos

How Long Will DeFi’s Experimental Phase Last?

Brian Norton, COO of MyEtherWallet, shares his insights on the state of decentralized finance (DeFi), and how long it will be before DeFi goes mainstream.

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Markets

$25M in DeFi Loans Liquidated as Ether Price Falls

The three-month high liquidation volume comes as Ethereum fees in dollar terms set a new record mark of $29 per basic transaction.

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Finance

CoinShares Releases DeFi Index Token for Institutional Investors

Financial indexes bring legitimacy to emerging asset classes, CoinShares Chairman Danny Masters told CoinDesk.

Danny Masters, executive chairman at CoinShares

Markets

Crypto Long & Short: Interest in DeFi Is Surging. You Can Thank GameStop.

This week’s congressional hearings, as well as the appearance of new institutional onramps, point to growing investor interest in a new type of capital market.

House Republicans Said to Drop Two Demands On Debt Limit