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.


Layer 2

Novel Trading Opportunities in DeFi for TradFi

The crypto industry can provide novel opportunities to generate value, but some of those avenues can't all be found in traditional finance.

(Marek Piwnicki/Unsplash)

Finance

Bain Capital Crypto Leads $3.3M Round for Privacy-Focused Identity Protocol

Notebook Labs aims to accelerate DeFi adoption with its crypto identity protocol.

Notebook Labs co-founders Nathaniel Masfen-Yan, Dhruv Mangtani and Solal Afota. (Notebook Labs)

Finance

Most Crypto Scams on BNB Chain, Solidus Labs Says

Crypto risk monitoring platform says it has flagged nearly 200,000 crypto rug pulls and decentralized finance scams since August 2020.

Binance CEO Changpeng Zhao and Emily Parker, CoinDesk executive director (Shutterstock/CoinDesk)

Opinion

DeFi Must Be Defended

The Digital Commodities Consumer Protection Act (DCCPA) threatens DeFi’s unique features of composability and permissionlessness

(Henry Hustava/Unsplash)

Tech

Compound Pauses YFI, ZRX, BAT and MKR Supply to Protect Against Potential Exploits

Attackers have recently been exploiting DeFi protocols by manipulating thinly traded tokens and eventually draining liquidity.

(Getty/Seksan Mongkhonkhamsao)

Finance

Digital Asset Data Provider Amberdata Acquires Crypto Analytics Company Genesis Volatility

The deal will allow Amberdata to expand its DeFi analytics offerings to institutional clients, which include Citi, Fidelity and Nasdaq.

Amber (Pixabay)

Finance

BNB Chain Introduces $10M Fund to Incentivize Project Growth on the Blockchain

The program will initially support 10 projects in the fourth quarter, with gas incentives up to 800 BNB a month in total.

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Tech

Polygon-Based DeFi Platform QuickSwap Closes Lending Service After Exploit

Over $220,00 in tokens was stolen on Monday with the use of a flash loan.

Attackers drained all liquidity from the affected QuickSwap pool. (Shutterstock)

Opinion

On-Chain Analysis: How to Effectively Manage DeFi Risks

On-chain analysis provides insights into protocol liquidity and security, and can help simplify complex investment decisions.

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Markets

MakerDAO Members Support Founder's 'Endgame' Plan to Break Up into MetaDAOs, $2.1B of Transfers

Community members will move ahead with founder Rune Christensen's ambitious plan to break up the protocol into MetaDAOs.

(Unsplash)