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.

Finance

Decentralized Data Platform Space and Time Raises $10M

Crypto investment firm Framework Ventures led the seed funding round.

By Brandy BetzJul 28, 2022

Los cofundadores de Space and Time, Scott Dykstra (izquierda) y Nate Holiday. (Space and Time)

Tech

Solana DeFi Protocol Nirvana Drained of Liquidity After Flash Loan Exploit

The price of the protocol’s ANA token fell almost 80% following the attack.

By Shaurya MalwaJul 28, 2022

Finance

DeFi Has Become Crypto Crime’s Main Arena, Crystal Blockchain Says

Hackers and scammers have shifted from breaching centralizing entities to exploiting decentralized projects, according to a new report.

By Anna BaydakovaJul 27, 2022

Crypto criminals are increasingly targeting DeFi protocols. (Andrey_Popov/Shutterstock)

Tech

Fantom to Fund Ecosystem Projects Using Portion of Burn Fees

A governance vote saw an overwhelming number of community members in favor of using one-third of Fantom’s burn fees to fund new projects.

By Shaurya MalwaJul 27, 2022

Fantom community members have passed a governance vote proposal. (Noam Galai/Getty Images)

Tech

Harmony Proposes Issuing ONE Tokens to Reimburse Victims of $100M Hack

Developers decided against using treasury funds, citing the project’s long-term viability.

By Shaurya MalwaJul 27, 2022

Videos

Fed Expected to Hike Rates by 75 Basis Points This Week

The Federal Reserve is expected to increase its interest rate by 75 basis points to combat rising inflation. Injective Labs CEO Eric Chen discusses the current "risk-off mode" in the crypto markets and the potential impact of macro headwinds on price action. Plus, the state of DeFi amid crisis in crypto lending.

Jul 25, 2022