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.

Markets

Data Site DeFi Pulse Fixes Bug, Says Value Locked Actually Hit $13B Last Week

Popular data analytics site DeFi Pulse has claimed a "previously undetected issue" saw TVL under-reported by more than $4 billion on Sept. 18.

By Paddy BakerSep 23, 2020

Finance

DeFi Angels, VC Firms Back $2M Round for Data Provider Dune Analytics

Ethereum data firm Dune Analytics, which has stood out from the pack for its focus on DeFi projects, has raised a $2 million seed round.

By Ian AllisonSep 23, 2020

Dune Analytics co-founders Mats Julian Olsen (left) and Fredrik Haga (right) strike a pose.

Markets

Crypto Hedge Fund Looks for $50M to Buy DeFi Tokens Amid Market Pullback

Panxora, a cryptocurrency hedge fund manager, seeks $50 million to buy digital tokens associated with decentralized finance, known as DeFi.

By Bradley KeounSep 23, 2020

Panxora is raising money for a hedge fund focused on DeFi tokens.

Finance

Origin Debuts OUSD, a Stablecoin That Works Like a Savings Account

Origin is announcing Origin Dollars, or OUSD, a stablecoin whose reserves leverage decentralized finance (DeFi) so that balances grow wherever it resides.

By Brady DaleSep 23, 2020

Matt Liu, co-founder; Tom Linton, OUSD head engineer; and Josh Fraser, co-founder

Tech

Supply of Tokenized Bitcoin on Ethereum Now Tops $1.1B: Here's Why

The supply of BitGo’s wrapped bitcoins (WBTC) topped 76,000 after setting an all-time record of nearly 21,000 WBTC minted within one week. Here’s why.

By William FoxleySep 22, 2020

Tech

Bitcoin-on-Ethereum Token tBTC Relaunches Following Buggy Debut in May

TBTC, a decentralized way to copy bitcoin (BTC) over to Ethereum, is relaunching today after a smart-contract bug sunk the project in May.

By Brady DaleSep 22, 2020

Markets

Uniswap Users Say Uniting Can Strengthen UNI

Anonymous Uniswap users are trying to unite the many small holders of the UNI governance token to deal with potential problems in the automated market maker’s (AMM) governance.

By Muyao ShenSep 22, 2020

Worker protest poster with the slogan "United We Bargain, Divided We Beg"

Markets

First Mover: Digital Gold Narrative Could Be Bitcoin's Lone Ace as Ethereum Gains

Bitcoin's "digital gold" narrative looks promising as ever, but the cryptocurrency's dominance is waning as Ethereum rides DeFi fever.

By Bradley Keoun, Omkar GodboleSep 21, 2020

Bitcoin's "digital gold" narrative might be its best card in an increasingly competitive game.

Finance

DeFi Yield Farming Aggregator APY.Finance Raises $3.6M in Seed Funding

The aggregation platform raised the seed funding from a roster of investors that includes Alameda Research, Arrington XRP Capital and CoinGecko.

By Jaspreet KalraSep 21, 2020

Finance

New Binance-Backed DeFi Site Lets You Earn Yield on Bitcoin, Other Non-Ethereum Assets

Kava Labs has launched its first application: a yield-generating decentralized finance (DeFi) platform for bitcoin and other non-Ethereum assets.

By Nate DiCamilloSep 18, 2020

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