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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.
DeFi Driving Chainlink’s Link Token to Record Highs
The ever-increasing use of Chainlink’s price oracles in decentralized finance is driving the cryptocurrency higher, according to analysts.
Delta Exchange Predicts $40 Price for COMP Ahead of Governance Token Deluge
One startup has done the math and thinks the true value for Compound's COMP token right now should be more like $40.
Gelato Gives Developers a New ‘Money Lego’ Tool for DeFi Applications
Decentralized exchange Gnosis will be the first major platform to integrate Gelato's audited v1 transaction automator for token swaps on Ethereum's mainnet.
Ethereum Activity Metric Hits Highest Level in 2 Years
The number of active ether addresses just clocked a recent high, possibly thanks to its growing role in decentralized finance.
Compound's 'Yield Farmers' Briefly Turned BAT Into DeFi's Largest Coin
The digital advertising token briefly became bigger than ether in the decentralized finance space, thanks to popular lending protocol Compound.
Money Reimagined: Bitcoin and Ethereum Are a DeFi Double Act
With bitcoin increasingly riding on Ethereum's rails, we're about to see greater complementarity between the top two blockchains.
There Are More DAI on Compound Now Than There Are DAI in the World
The amount of DAI deposited on Compound skyrocketed by more than $140 million on Thursday – somehow exceeding the total amount of DAI in existence.
DeFi Insurer Nexus Mutual Maxed Out by Yield-Farming Boom
Nexus Mutual is seeing a surge in demand. "Our product has honestly seen massive interest since yield farming kicked off," said founder Hugh Karp.
Investment Firm Plans ETF-Like Product for Compound Yield Farmers
The investment portfolio will give users exposure to Compound interest rates and, eventually, yield farming.
Compound Changes COMP Distribution Rules Following 'Yield Farming' Frenzy
Following a Tuesday governance vote, daily COMP token distributions will change dramatically, starting Thursday.
