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.


Mercados

Cardano-Based Overcollateralized Stablecoin Djed to Launch Next Week

The stablecoin can be minted by ADA holders and is widely expected to be integrated to several Cardano dapps upon launch.

(eswaran arulkumar/Unsplash)

Tecnología

Aave Community Voting to Deploy Version 3 on Ethereum

If the proposal passes, the latest iteration of the Aave protocol will come to the Ethereum blockchain, Aave’s first and largest market.

(MidJourney/CoinDesk)

Tecnología

DeFi Protocol Sushi Passes 2 Governance Votes to Strengthen Treasury

The separate proposals passed in the past two days by Sushi community voters are part of a broader plan to ensure the project’s longevity.

The entity that oversees the SushiSwap crypto exchange is reorganizing. (Unsplash)

Finanzas

Swapping More Than $157M of ETH for stETH and Levering Up, the Wormhole Network Exploiter Is a DeFi Degen

The address that hacked one of the most popular cross-blockchain bridges Wormhole started moving capital in the DeFi ecosystem.

Cypher Protocol suffers exploit (Clint Patterson/Unsplash)

Finanzas

VC Firm Pantera's 2023 Crypto Forecast Says the Future Is DeFi

The crypto-focused venture capital firm is focused on transaction fees, liquidity and usability.

Pantera Capital CEO Dan Morehead (CoinDesk)

Tecnología

MakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn Finance

The decision opens the way for MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits.

(Cleveland Trust Co/Modified by CoinDesk)

Tecnología

Uniswap Poll Shows 80% Support Decentralized Crypto Exchange's Move to BNB Chain

More than 20 million UNI were staked by community members to cast their votes.

(Unsplash, modificado por CoinDesk)

Tecnología

Fantom Blockchain to Fund Ecosystem Projects Using Portion of Burnt FTM Fees

The fund is aimed at empowering builders on Fantom by offering a decentralized avenue for funding projects, ideas and creations through a community-driven decision process.

Fantom will invest in projects using a portion of burn fees. (Shutterstock)

Tecnología

Cross-Chain Bridge Protocol Stargate Partners With Metis for More Efficient Interoperability

The move will be the first expansion for Stargate beyond LayerZero technology.

Puente. (Aleksandr Barsukov/Unsplash)

Mercados

Avalanche DEX Trader Joe Plans to Make its Tokens More Valuable for Users

The platform aims to expand to Arbitrum and BNB Chain in the coming weeks and is changing part of how its tokens are rewarded and distributed.

Trader Joe is making changes to its tokenomics. (Trader Joe)