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.

Markets

Conflux Launches Cross-Chain Bridge to Connect Asia's Largest Crypto Exchanges

Users on Ethereum, Binance Smart Chain, Huobi ECO Chain or OKEx Chain would be able to convert digital assets on one of these networks to an identical asset on a different chain.

By Sandali HandagamaApr 20, 2021

Conflux co-founder and CEO Fan Long (Conflux)

Finance

Oracle Provider API3 Signs 10-Year Deal With Open Bank Project

The partnership could bring fintech and banking customers into DeFi, says Open Bank Project founder Simon Redfern.

By Ian AllisonApr 19, 2021

Markets

Tether on Tron Blockchain Hits $24B, Surpassing Ethereum Amid Explosive Stablecoin Demand

The amount of tether on the Tron blockchain has exceeded that on Ethereum.

By Muyao ShenApr 15, 2021

Videos

Building a DeFi Lending Platform on the Bitcoin Blockchain

Most decentralized finance projects are built on the Ethereum network, but Sovryn, a new DeFi project, is unique for building on the Bitcoin blockchain. Edan Yago, a contributor to the Sovryn project, discusses Sovryn and the advantages of building on Bitcoin.

Apr 15, 2021

Markets

Coinbase Listing Brought Attention to Crypto, Says Tezos's Kathleen Breitman

Coinbase's direct listing is bringing attention to crypto, but there's some "hopium" going on in DeFi, says Breitman.

By Damanick DantesApr 15, 2021

Tech

DeFi Is Transparent, Unless You Look Closely

We need more researchers and better metrics in DeFi to fulfill the promise of a more robust and transparent financial infrastructure.

By Fabian ScharApr 13, 2021

Videos

Spotlight on DeFi with Aave's Founder and CEO

Stani Kulechov, Founder and CEO of Aave, joins "First Mover" to discuss how peer-to-peer borrowing and lending works on the platform and his thoughts on regulating DeFi.

Apr 13, 2021

Finance