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

How Ethereum Will Be Transformed in 2022

Here are five of the top changes to expect with Ethereum’s impending transition to proof-of-stake.

By Edward OosterbaanDec 29, 2021

Markets

Fantom Surges in Latest Layer 1 Bet

The rise comes even as the broader crypto market declines.

By Shaurya MalwaDec 29, 2021

Finance

OpenDAO’s SOS Token Hits $250M Market Cap Despite Unclear Goals, Security Risks

Airdrops can kickstart a community, but that doesn’t mean they have staying power.

By Andrew ThurmanDec 28, 2021

Finance

DeFi Portfolio Tracking Firm DeBank Raises $25M in Round Led by Sequoia China

The latest funding brings DeBank’s valuation to $200 million, according to the firm.

By Tanzeel AkhtarDec 28, 2021

Markets

DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap

The coin has surpassed Binance Smart Chain in total value locked amid rapid DeFi growth.

By Tracy WangDec 27, 2021

Markets

Cardano, Polkadot Jump as Bitcoin Holds Above $50K

Major cryptocurrencies including bitcoin and ether regained price levels from Friday after seeing a slight dip over an otherwise quiet Christmas weekend.

By Shaurya MalwaDec 27, 2021