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.
A Simple Explanation of DeFi and Yield Farming Using Actual Human Words
A primer on yield farming, liquidity mining, automated market making and all the other terms shaping the brave new world of decentralized finance.
Mempool Manipulation Enabled Theft of $8M in MakerDAO Collateral on Black Thursday: Report
New research suggests March’s “Black Swan” event for Ethereum may have been a sophisticated plan to cash in on a global sell-off.
Open Interest in Ether Options Jumps to New Record High
Data from major exchanges shows that open interest in ether options rose to a new lifetime high of $194 million on Tuesday.
How Uniswap Became King of DEXs
Uniswap, an automated market maker (AMM), has torn it up in the last year, becoming the world’s largest “DEX” by volume. Here's why it won.
DeFi Hype Has Sent Ethereum Fees Soaring to 2-Year High: Coin Metrics
The knock-on effects of the DeFi hype include high fees and less active users on Ethereum, according to Coin Metrics.
Ethereum at Five: How CoinDesk Is Marking This Week's Milestone
Meet "Ethereum at Five" – a cross-platform series featuring special coverage, a limited-run newsletter and live-streamed discussions.
Troll Token? Why DeFi Yield Farmers Are Now All About YFI
YFI is the latest DeFi token to top the charts. Yearn Finance Interest? Your Favorite Idea? Its intent unclear, but YFI is now trading at $1,070.
Market Wrap: Bitcoin Clings to $9,200 While Ethereum Transactions Soar
Bitcoin trades flat in July, leading investors to mull other cryptocurrencies.
Aave's LEND Token Is Now Up 1,600% in 2020
The native token of the decentralized lender Aave has risen by over 100% this month alone.
Crypto Custodian Curv Is Helping Institutions Dabble in DeFi With Compound Integration
Custody startup Curv is using Compound, the leading lending protocol in DeFi, to help institutions earn interest on idle crypto.
