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

Market Wrap: Oil Rebounds As Crypto Makes Gains, Especially Ether

Oil’s bounceback performance seems to be taking the driver’s seat in market activity. Bitcoin is also up, and ether’s price performance is even better.

By Daniel CawreyApr 22, 2020

Tech

Multi-Chain DeFi Protocol Raises $750K in Token Sale With Framework Ventures

DeFi fund Framework Ventures has purchased roughly 5 percent of Kava Labs' outstanding token supply ahead of the CDP platform's launch next month.

By William FoxleyApr 21, 2020

Markets

dForce Hacker Returns Almost All of Stolen $25M in Crypto

The hacker had drained $25 million in cryptocurrency from decentralized finance protocol dForce over the weekend.

By Wolfie ZhaoApr 21, 2020

Refund transactions from the Lendf.Me hacker. Data via Etherscan.io

Markets

Dai Lending Rates Rise to One-Month High on DeFi Platform Compound

Interest rates on dai deposits have spiked on DeFi platform Compound, another ripple effect of the global financial crisis.

By Omkar GodboleApr 20, 2020

Markets

Bearish or Bullish? What Oil, Defi Hacks and Cash Hoarding Tell Us About Markets

As economic confusion gains ground, NLW breaks down what in the recent news is bullish and what is bearish for bitcoin and the crypto community.

By Nathaniel WhittemoreApr 20, 2020

Markets

Why MakerDAO Should Consider Negative Interest Rates for Dai

To keep dai near its $1 peg, the Maker community should consider negative interest rates. The cost to users may be worth it, says columnist J. P. Koning.

By JP KoningApr 20, 2020

Markets

Weekend Attack Drains Decentralized Protocol dForce of $25M in Crypto

dForce appears to have lost control of $25 million in bitcoin and ether held in its decentralized lending protocol.

By William Foxley, Nikhilesh DeApr 19, 2020

dForce's Lendf holdings appear to be completely drained. (Credit: Shutterstock)

Finance

Coinbase Custody Doubles Down on DeFi Governance Options

Coinbase is making it easier for its Custody clients to vote their tokens on more DeFi protocols. New tools for Compound were announced Thursday.

By Leigh CuenApr 16, 2020

Crypto custodians are increasingly mindful of how stored tokens should be used in governing DeFi protocols. (Credit: NYPL)

Finance

Morgan Creek Invests in Startup Bringing Bitcoin to DeFi

Anthony Pompliano's investment firm has joined a seed round for Atomic Loans, a startup looking to create bitcoin-backed lending instruments.

By Paddy BakerApr 15, 2020

Morgan Creek co-founder and partner Anthony Pompliano. (Credit: CoinDesk)

Tech

Chinese DeFi Platform dForce Raises $1.5M From Multicoin, Huobi Capital

One of China’s largest DeFi platforms has raised $1.5 million from Multicoin Capital, Huobi Capital and CMB International to expand its product lineup.

By William FoxleyApr 14, 2020

Multicoin Capital principal Mable Jiang. (Credit: BlockBeats/Odaily)

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