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.
Cover Protocol May Launch New Token Following Attack
Cover Protocol announced it’s exploring launching a new COVER token after its current one was abused in a minting attack by a “white hat” hacker on Monday morning.
Cover Protocol Attack Perpetrated by 'White Hat,' Funds Returned, Hacker Claims
The exploiter has cashed out over $4 million including about 1,400 ether, one million DAI and 90 WBTC.
DeFi Christmas: DEX Aggregator 1inch Launches Governance Token to Take On Uniswap
The token, named 1INCH and running on Ethereum, will be distributed to all wallets that have previously interacted with the platform.
Here Comes the Open Lending Era
Open lending grew from a fringe use-case to a burgeoning engine powering the next phase of the digital economy, says the CIO of Bicameral Ventures.
Camila Russo on Building The Defiant and the Future of DeFi
The Defiant is required reading about DeFi these days. How did "one more Bloomberg journalist" become a successful media entrepreneur and influencer?
Polkadot-Based DeFi Insurance App Raises $1.95M Led by KR1
Tidal will use the Polkadot blockchain to allow users to insure a set of DeFi applications against smart-contract failure or breaches.
Market Wrap: Bitcoin Dumps to $21.9K; ETH 2.0 Affected Ether Locked in DeFi
Bitcoin dipped Monday as some liquidations took hold while Ethereum 2.0 dynamics have influenced the amount of ether locked in DeFi.
Uniswap Is the Number One Gas Guzzler on Ethereum
Decentralized exchange Uniswap burns through more gas than any other application on Ethereum.
Decentralized Stock Trading Launching on DeFi Platform Injective Protocol
The tokenized stock offerings initially include Airbnb, Amazon and Google.
Warp Finance Says It Recovered 75% of the $7.76M Funds Taken in Flash Loan Attack
The recovered funds should be distributed sometime late Sunday night.
