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.

Podcasts

Crypto News Roundup for Aug. 10, 2022

By Adrian Blust, Adam B. LevineAug 10, 2022

Weekend Story | The Short-Sightedness of Run-Amok Regulators

Finance

Unstoppable Finance Raises $12.8M to Build DeFi Wallet

The round, which was led by Lightspeed Venture Partners, included participation from Rockaway Blockchain Fund and Fabric Ventures.

By Jamie CrawleyAug 10, 2022

Unstoppable Finance has raised $12.8 million to develop its DeFi wallet. (analogicus/Pixabay)

Tech

Over $600K Vanishes From DeFi Project Blur Finance; Developers Disappear

The project's Twitter feed and Discord channel have been deleted.

By Shaurya MalwaAug 10, 2022

A man holds open an empty leather wallet. (Andrew Khoroshavin/Pixabay)

Finance

DeFi Protocol Curve.Finance Gets Hacked and $570K Is Stolen

The source of the hack has been “found and reverted,” according to the protocol.

By Elizabeth NapolitanoAug 9, 2022

Podcasts

Crypto News Roundup for Aug. 8, 2022

By Adrian Blust, Adam B. LevineAug 8, 2022

Podcasts

Complexity Theater: Why Luna Was the First Time DeFi Complexity Risk Was Transferred to Regular Investors

By Nathaniel WhittemoreAug 7, 2022

Finance

Data Provider DeFiLlama De-emphasizes Double-Counted Crypto Deposits After Saber Revelation

The website “toggled off” double-counting after CoinDesk uncovered one Solana developer’s effort to fool the all-important metric for popularity in DeFi.

By Elizabeth NapolitanoAug 5, 2022

Markets

DeFi Protocol Voltz Could Bring 150% Interest Rate on Ether Deposits

As the Ethereum blockchain's Merge approaches, traders and venues are seeing the event as an opportunity to pocket fat yields – possibly signaling a renewed appetite for risk in crypto just months after its big market crash.

By Omkar GodboleAug 5, 2022

With memories still fresh from this year's crypto market crash, the Voltz protocol is already looking for ways to let traders use leverage to take more risk. (Pixabay, modified by CoinDesk)

Opinion

The Fake Team That Made Solana DeFi Look Huge

We already knew that crypto developers cannot always be trusted. But can we even trust the data?

By David Z. MorrisAug 5, 2022

A new CoinDesk report reveals that a major Solana DeFi project was created not by 11 different developers, but two brothers who conducted an elaborate masquerade. (iStock/Getty Images)

Videos

Defining DeFi: How to Succeed in DeFi and Web 3 from Renowned Investors

Linda Lu (Oasis Network), Nikhil Sharma (Oasis), Haseeb Qureshi (Dragonfly Capital) and Kanav Kariya (Jump Crypto) join Oasis Labs Founder Dawn Song at Consensus 2022 to share their insights and outlook on how to succeed in DeFi. Plus, a conversation on why Oasis is revolutionary in this space. Moderator: Rachel Wolfson, Senior Reporter, Cointelegraph

Aug 4, 2022