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.

Policy

DeFi Shouldn't Be Regulated, Crypto Advocates Tell UK Regulator

The advice comes from those who participated in a forum the Financial Conduct Authority held to hear from the digital assets industry.

By Camomile ShumbaJun 29, 2022

Tech

Chainlink’s Smart Contract Products Go Live on Fantom

Two protocols, Keepers and VRF, will allow developers to deploy more sophisticated applications on the Fantom network.

By Shaurya MalwaJun 29, 2022

Layer 2

Crypto Jobs: Who’s Cutting and Hiring?

A running reckoning to layoffs and hirings in the cryptocurrency/blockchain industry. This piece is part of CoinDesk's Future of Work week.

By Sage D. YoungJun 28, 2022

Finance

FSInsight Accuses Three Arrows Capital of Running a ‘Madoff-Style Ponzi Scheme’

3AC borrowed recklessly from just about every institutional lender in the business, a report from the research firm says.

By Will CannyJun 28, 2022

Finance

Ledger Live Adds Yield Earning Capability via Alkemi Earn

The integration with Alkemi will provide Ledger users with the ability to earn yield for the first time.

By Jamie CrawleyJun 28, 2022

Ledger Nano S hard wallet. (Motokoka/Wikimedia Commons)

Finance

Solana’s Macalinao Brothers Double Down on Crypto Venture Fund

Crypto VCs told CoinDesk that building projects and investing in them is a tricky mix.

By Danny NelsonJun 27, 2022

Ian Macalinao is one half of the Saber brothers. (Danny Nelson/CoinDesk)

Finance

Solana’s Biggest DeFi Lender Almost Got Rekt. Then Binance Stepped In

Solend’s whale crisis rattled depositors and threatened to crash Solana. Can the lending protocol recover?

By Danny NelsonJun 27, 2022

(State Library of New South Wales/Wikimedia Commons)

Videos

Kavita Gupta on 'Cascading Effect' of UST Crash on Crypto Lending & DeFi

Kavita Gupta, Delta Blockchain Fund founder and former ConsenSys Ventures head, discusses the "cascading effect" of TerraUSD (UST)'s crash on the wider crypto industry, with crypto lending and DeFi activity on the ropes. Plus, reactions to Morgan Creek looking to counter FTX's BlockFi bailout offer.

Jun 27, 2022