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

First Mover: Monetary Challenges Aren't Just Virtual as Fed's Powell Returns to Jackson Hole

Crypto traders are prepping for a speech by Federal Reserve Chair Jerome Powell in Jackson Hole, Wyoming, where inflation is on the agenda.

View of Grand Tetons near Jackson Hole, Wyoming. (Wikipedia, modified by CoinDesk)

Finance

Why DeFi Pulse's Key Metric Is So Simple It's Confusing

DeFi Pulse invented "Total Value Locked." Yet, TVL's mechanics have been somewhat confusing to those in the space. Here's how the leading DeFi metric works.

DeFi Pulse does the complex work of counting how much is committed to each DeFi platform. (Crissy Jarvis/Unsplash)

Markets

Market Wrap: Bitcoin Braces for $700M in Options to Expire; Record $7B Value Locked in DeFi

Bitcoin price is trending up while crypto keeps flooding into DeFi.

CoinDesk 20 Bitcoin Price Index

Markets

'It's Part and Parcel of Crypto': How Memes Drive Narrative and Value

In 1964, the Canadian media theorist Marshall McLuhan said the "medium is the message." Today, in crypto, the meme is the message.

"LEGO Doge"

Tech

Forthcoming Yield Farming Project Dispenses With Governance

Everyone may be talking about governance on Ethereum, but the yet-to-launch DeFi project Liquity is taking a contrarian view: zero governance.

(chuttersnap/Unsplash)

Markets

First Mover: Ether Price Swings Make Bitcoin Look Tame as DeFi Speculation Spreads

The success of DeFi on the Ethereum blockchain has brought traders more than just congestion and high transaction fees: Volatility in ether prices.

Ether volatility is brewing. ("Approaching Thunder Storm, Martin Johnson Heade/Metropolitan Museum of Art, modified by CoinDesk)

Markets

Aave Becomes Second DeFi Project to Overtake MakerDAO for Most Crypto Deposited

DeFi credit market Aave has pulled ahead of stablecoin mint MakerDAO for the title of most collateral staked on Ethereum, according to DeFiPulse.

(U.S. Marine Corps, modified by CoinDesk)

Markets

DeFi Aggregator Bella Protocol Announces $4M Seed Round

Beijing-based decentralized finance (DeFi) aggregator Bella Protocol announced Monday a $4 million seed round led by Arrington XRP Capital.

(Sayan Puangkham/Shutterstock)

Markets

DeFi Is Just Like the ICO Boom and Regulators Are Circling

DeFi needs to self-regulate or, as happened with ICOs, regulators will punish irrational exuberance in the crypto markets.

(Karsten Wuerth/Unsplash)

Markets

FTX Launches Uniswap Index Futures to Meet Surging Demand for DeFi Access

FTX said customers are demanding access to DeFi products.

CME trading floor (Joseph Sohm/Shutterstock)