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.


Finance

Hardware Wallet Maker Ledger Adding DeFi Support to Mobile App

The updated app will let users connect to decentralized apps via an integration with open-source protocol WalletConnect.

Ledger

Tech

If Whales Move the Market, UniWhales Is the Whale Whisperer

Want to see how DeFi’s biggest players are trading?

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Finance

0x Labs Closes $15M Fundraising Round as ZRX Finds DeFi Market Fit

Sorry, Matcha fans: No plans for a new token to airdrop.

Matcha powder

Markets

DeFi Season? LINK, AAVE, ZRX and COMP Hit Record Price Highs, Outperforming Bitcoin

An analyst expects DeFi tokens to mimic bitcoin's 2017 bull run this year.

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Tech

DeFi Project ArmorFi Awards $1.5M Bounty for Bug Alert That Potentially Saved Its Reserves

ArmorFi's CTO has also offered to get a tattoo chosen by the ethical hacker who found the bug.

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Tech

Yearn Finance DAI Vault 'Has Suffered an Exploit'; $11M Drained

“Attacker got away with 2.8m, dai vault lost 11.1m,” a Yearn Finance developer posted in Discord.

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Markets

Market Wrap: Bitcoin Drops to $36.3K as DeFi Jumps to $32B on Ether FOMO

The amount of crypto in USD values locked in decentralized finance has reached $32.8 billion, a new high.

CoinDesk 20 Bitcoin Price Index

Finance

$10M Fund From Cosmos-Based Terra Will Gladly Back DeFi Projects on Ethereum

The fund will pay for the one thing devs can't do internally: security audits.

Security for hire

Learn

What Is Uniswap? A Complete Beginner’s Guide

Uniswap is an automated ethereum-based crypto exchange with its own governance token, UNI.

Uniswap unicorn balloon (Getty Images)

Tech

Ethereum Transaction Fees Hit Record Highs as Ether, DeFi Coins Soar

The average Ethereum transaction fee has passed $20 for the first time.

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