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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.
For DeFi’s Sake, Maker Should Take Blame for Black Thursday Losses
While the system did not technically malfunction, a confluence of factors enabled a few opportunists to win the collateral auctions despite placing extremely low bids.
MakerDAO Adds USDC as DeFi Collateral Following 'Black Thursday' Chaos
MakerDAO has added a third asset to its decentralized finance (DeFi) platform, USD Coin (USDC), in response to the system’s flagship stablecoin, dai, continuing to float above its dollar peg.
MakerDAO's Problems Are a Textbook Case of Governance Failure
MakerDAO could have planned for its "Black Swan" event last week.
Thursday’s Market Madness Strained Ethereum’s Killer App: DeFi
So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended.
MakerDAO Debts Grow as DeFi Leader Moves to Stabilize Protocol
MakerDAO is not pursuing its emergency shutdown option although the amount of uncollateralized dai continues to grow.
DeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop
A large drop in the price of ether is testing the feasibility of Ethereum's entire system of lending and borrowing.
Paradigm Labs Shuts Down, Says It Was 'Too Early' for DeFi Boom
Paradigm said it found it difficult "carve a viable niche" the rapidly evolving DeFi space.
Libra Wanted a Currency, All We Need Are DeFi's Open Payment Rails
Rather than build an alternative currency like Libra, Facebook should concentrate on building new infrastructure, like the open systems in the ethereum-DeFi space, says ConsenSys's Lex Sokolin.
Paradigm Leads $12M Round for DeFi-Friendly Wallet Startup
The DeFi-friendly Argent wallet just raised $12 million.
Yields of 25% to 42% Lure Lenders Back to DeFi Platform bZx
Lenders and depositors are coming back to bZx, as the decentralized protocol for margin trading offers significantly higher yields on ether deposits compared to its peers.
