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.
Three Arrows, Framework Invest in DeFi Site Aave With $3M LEND Token Sale
Framework Ventures and Three Arrows Capital announced a $3 million investment in Aave, the firm behind the third-largest lending platform in DeFi.
This a16z Alum Is Launching a VC Fund Focused on Platforms You Can 'Own'
An Andreessen Horowitz (a16z) alum is launching a new venture firm focused on building a crypto-powered "ownership economy."
Kraken Adds 3 DeFi Tokens – COMP, KAVA, KNC
Riding the surge of interest in yield farming, cryptocurrency exchange Kraken is listing three tokens from the world of decentralized finance.
Market Wrap: Stocks Make Gains While Bitcoin Sticks to $9,200
A bullish stock market left bitcoin behind Monday with the world’s oldest cryptocurrency trading flat.
Compound Tops $1B in Crypto Loans as DeFi Farmers Keep Digging for Yield
Yield farming continues to push Compound to new heights. On Monday, the lending protocol topped $1 billion in loans issued.
First Mover: Twelve-Fold Gains for Aave's LEND Token Might Be More Than DeFi Hype
Collateral deposits in Aave are up nearly $160 million over the past six months, suggesting actual usage rather than speculation.
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Market Wrap: Traders Buy the Dip and Bitcoin Holds at $9,200
Bitcoin sticks to the $9,200 price range after some light selling early in the day.
First Mover: Pie Anyone? DeFi Pushes ETF-Style Investing Toward Decentralization
PieDAO's push to decentralize itself shows the fast-growing DeFi industry's efforts to retrofit investment vehicles for digital-asset markets.
Kyber Network Is Bringing Yield Farming to DEXland
Fresh pastures are opening in the world of yield farming. Kyber, a decentralized exchange (DEX), is preparing to share trading fees with KNC token holders.
New Enterprise Ethereum Director Widens Tent to Include Exchanges and DeFi
Enterprise Ethereum Alliance (EEA), the business end of the second-largest blockchain, has appointed a new executive director, Daniel C. Burnett.
