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.

State of Crypto: SEC vs. CFTC

A crypto turf war may be brewing between two U.S. regulators.

By Nikhilesh DeAug 31, 2021

SEC Chair Gary Gensler

Celo, Fantom Tokens Jump on Fresh DeFi Incentive Programs

New day, new incentives for layer 1 blockchains looking to compete with Ethereum.

By Muyao ShenAug 30, 2021

Tokens like CELO and FTM are flying. (Nicolas Picard/Unsplash)

Fantom Commits $314M in FTM to Boost Ecosystem Development

Projects are rushing to claim a piece of the DeFi pie with hundreds of millions in incentives, but not all implementations are equal.

By Andrew ThurmanAug 30, 2021

It's bridge season. (Kyle Myburgh/Unsplash)

Polkadot’s Parallel Finance Raises $22M at $150M Valuation

The startup wants to become a DeFi “brand” across multiple blockchains.

By Danny NelsonAug 30, 2021

Parallel lights, Parallel Finance. (Martin Sanchez/Unsplash)

Celo Taps Aave, Curve, Sushi and More in $100M DeFi Incentive Program

The phone-focused proof-of-stake chain is betting big on user adoption in collaboration with Ethereum’s top DeFi platforms.

By Andrew ThurmanAug 30, 2021

Celo team

Avalanche Added to DeFi Exchange Aggregator OpenOcean

The trading portal is adding Avalanche to its mix of networks.

By Jamie CrawleyAug 30, 2021

(Silas Baisch/Unsplash)

Finance

DeFi Protocol Cream Finance Hacked for Second Time This Year

The attacked drained just over $25 million of AMP tokens and ether.

By Eliza GkritsiAug 30, 2021

hack

Solana, Boosted by Move Into NFTs, Enters List of Top 10 Cryptocurrencies by Market Cap

Institutional demand for SOL has increased in recent weeks.

By Omkar GodboleAug 29, 2021

Solana COO Raj Gokal, left, and CEO Anatoly Yakovenko

Market Wrap: Bitcoin and Stocks Rise on Dovish Fed

Bitcoin returns above $48,000 as risk rally continues.

By Damanick Dantes, Frances YueAug 27, 2021

Bitcoin 24-hour chart, CoinDesk 20

DeFi Protocol Tranchess Surpasses $1B in Total Value Locked in Two Months

The project has been rising quickly in DeFi Llama’s rankings of DeFi platforms.

By Sebastian SinclairAug 27, 2021

Chess king