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

Crypto Custodian Copper Aims to Bridge Gap Between DeFi and Traditional Finance With New Tool

The new tool, CopperConnect, covers the "DeFi lifecycle" as an asset moves from custody to smart contract and back.

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Markets

Yearning for Pickle? Two DeFi Protocols Merge

Pickle Finance was recently hit by an exploit in which $19.7 million in DAI was lost.

Pickle

Markets

DeFi Protocol Pickle Finance Token Loses Almost Half Its Value After $19.7M Hack

Popular decentralized finance protocol Pickle Finance was hacked on Saturday, draining $19.7 million in DAI.

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Markets

Market Wrap: Bitcoin Hits $18.8K as Total Crypto Locked in DeFi Passes $14B

Bitcoin is testing $19,000 as DeFi hits another milestone in total crypto locked.

CoinDesk 20 Bitcoin Price Index

Markets

Market Wrap: Bitcoin Hangs Around $18K While Ether Locked in DeFi Declines

Bitcoin’s price pulled off the bull road for a rest stop Thursday while ether holders pull out of DeFi.

CoinDesk 20 Bitcoin Price Index

Markets

Open Finance Is Better Than Broken Finance

Traditional financial services fail to meet the core needs of a global economy. DeFi is not perfect but it's for everyone.

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Finance

DEX Aggregator Rebrands to Slingshot After Raising $3.1M From Coinbase Ventures, Others

Slingshot exists in an increasingly crowded field of DEX aggregators including 1inch, ParaSwap, Matcha and even MetaMask.

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Tech

DeFi Exploits Can’t Be Pinned on Flash Loans, Industry Leaders Say

DeFi’s novel flash loan products aren't to blame for the recent string of exploits, industry leaders say.

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Finance

Ethereum Classic Gets DeFi Treatment With Wrapped ETC

Ethereum Classic wants to play in the decentralized finance (DeFi) space of the blockchain from which it contentiously split in 2016.

James Wo, founder and chairman of ETC Labs

Markets

Origin Protocol Loses $7M in Latest DeFi Attack

Stablecoin project Origin Dollar (OUSD) sustained a re-entrancy attack at 00:47 UTC Tuesday resulting in a loss of funds worth $7 million.

OUSD suffered a flash loan attack.