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.

Tech

DODO DEX Drained of $3.8M in DeFi Exploit

The decentralized finance platform said it expects $1.88 million of the stolen funds to be returned.

Ni Jamie CrawleyMar 9, 2021

The dodo was a flightless bird that became extinct in the late 1600s.

Pananalapi

Next Step for Institutional DeFi? Institutional NFTs

Ethereum-friendly custody firm Trustology is now supporting NFTs for lending and collateralizing.

Ni Ian AllisonMar 9, 2021

Merkado

Digital Assets Firm Taurus Integrates Aave Protocol to Improve Banking Access to DeFi

Taurus Group said it has integrated the Aave Protocols’ version 1 and 2.

Ni Tanzeel AkhtarMar 8, 2021

Pananalapi

Coinbase, Naval, Framework Ventures Back $19M Raise for a Capital-Efficient Stablecoin

The soon-to-launch Fei Protocol would mint stablecoins by simply selling them directly to users.

Ni Brady DaleMar 8, 2021

Merkado

Paid Network Exploit Mints Attacker 60M Tokens: Report

The PAID token is down some 70% as of press time on the news.

Ni William FoxleyMar 5, 2021

Pananalapi

Aave Founder Joins Variant Fund as a Venture Partner

Stani Kulechov will remain at the helm of Aave while also helping Variant source deals and work with founders.

Ni Brady DaleMar 5, 2021

Merkado

DeFi Divorce: Yearn Cancels Tie-Up With Cover Protocol

Yearn added that yVault depositors who have purchased Cover protection will be unaffected.

Ni Jamie CrawleyMar 5, 2021

Pananalapi

DeFi and Staking Insurance Startup Unslashed Raises $2M

Experimental crypto zones like DeFi and staking are seeing an influx of insurance products, but not as we know it.

Ni Ian AllisonMar 4, 2021

Patakaran

DeFi Project Meerkat Raises Eyebrows With Claimed $31M Hack a Day After Launch

There are signs the hack was in fact an exit scam, according to reports.

Ni Jamie CrawleyMar 4, 2021

Mga video

Insurance Giant Aon is Testing the DeFi Waters

Aon, one of the world's largest insurance companies is dipping its toe into the decentralized finance (DeFi) space. "The Hash" panel discusses what this potentially means for institutional DeFi.

Mar 3, 2021

Latest Crypto News

Kahapon

10:10 PM

Neutral

Crypto Clarity Act inches toward Senate hearing as lawmakers weigh legislative trades

The White House may be reviewing fresh legislative text, and lawmakers are reportedly weighing offers to banks of other, unrelated provisions for their support.

8:12 PM

Neutral

DeFi risk management giant Gauntlet sees $380 million exit as OKX crypto campaign ends

Gauntlet noted that deposits are now back to same levels before the campaign, and has navigated large capital swings before due to incentive campaign endings, airdrops, and shifts in market conditions which regularly produce short-period swings in either direction.

8:12 PM

Negatibo

Appeals court clears way for Nevada to temporarily ban prediction market Kalshi

The Ninth Circuit Court of Appeals denied a legal effort by Kalshi to stave off an expected temporary restraining order from the state of Nevada.

8:09 PM

Positibo

Coinbase's bitcoin yield fund goes onchain with Apex's tokenization push

The Coinbase Bitcoin Yield Fund's tokenized share class runs on Base as the $3.5 trillion fund services giant Apex applies tokenization across its business.

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