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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 Protocols Should Act More Like Fiduciaries
Open protocols can help reform the financial system, says our columnist. But they need to come with safeguards consumers understand.
Market Wrap: Bitcoin Hits $9.6K as Bullish Crypto Sentiment Returns
Bitcoin is back in bullish territory but can the buying last?
DeFi Hedging Startup Opyn Raises $2.16M Seed Round Led by Dragonfly Capital
Opyn, a hedging instrument for decentralized finance (DeFi) has closed a $2.16 million funding round led by Dragonfly Capital.
Compound Tops MakerDAO, Now Has the Most Value Staked in DeFi
Compound has overthrown MakerDAO as the decentralized finance protocol with the most value staked, locking $484 million to Maker's $481 million on Saturday.
DeFi Startups Built on Compound Weigh What to Do With $200 COMP Tokens
Startups built on Compound's decentralized lending protocol are now pondering the second-order effects of COMP's price surge.
Tether's Supply on Compound Jumps to Over $224M in a Week
Tether's volume on decentralized lender Compound has quadrupled to over $224 million in just a few days, and is by far the dominant stablecoin on the platform.
Blockchain Bites: COMP x2, Reddit Scales and Factom Goes Bankrupt
The COMP governance token is seeing massive gains and potential listings on Coinbase Pro and CoinFlip, while Reddit looks to scale its Ethereum-based project.
OpenZeppelin Discloses 'High Severity Vulnerability' in DeFi Wallet Argent
A “high severity vulnerability” was found and patched in Ethereum wallet Argent, according to leading white-hat hackers OpenZeppelin.
First Mover: Compound's COMP Token More Than Doubles in Price Amid DeFi Mania
Compound's new COMP token is only five days old but its price is soaring. Observers tie the rally to speculation over the future growth of decentralized finance.
ParaFi Invests in Kyber Network as Buzz Grows Around DeFi Projects
ParaFi Capital, an investment firm focused on blockchain and DeFi, has invested in Kyber Network and will work with the project on adoption and governance.
