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

1,000 New Token Pairs Added to Uniswap in One Week; Buyers Beware

The exchange now supports nearly 10 times more pairs than Binance.

By Zack VoellSep 9, 2020

Tech

SushiSwap Will Withdraw Up to $830M From Uniswap Today: Why It Matters for DeFi

It's perhaps the largest test to date of a growing mood in DeFi: that all major projects should be community-owned.

By Brady DaleSep 9, 2020

Sushi, to-go (Pille-Riin Priske/Unsplash)

Markets

Huobi Launches Crypto Saving Products to Compete With DeFi Yield Farming

Huobi's new crypto saving product is a less risky version of DeFi for crypto newbies.

By Muyao ShenSep 9, 2020

Policy

Security Firms Warn of Potential DeFi Exit Scam After $2.5M in 'Locked' Cryptos Moved

Two blockchain security firms have warned that the creators of a DeFi contract on the EOS network may have fled with users' funds.

By Wolfie ZhaoSep 9, 2020

Finance

DeFi Protocol Linear Finance Raises $1.8M in Seed Round

NGC Ventures, Hashed, CMS Holdings, Genesis Block and Kenetic Capital led the round.

By Sebastian SinclairSep 9, 2020

Markets

DeFi's Good, Bad and Ugly

Have we forgotten the ICO craze and how long it took to revitalize the crypto industry's image?

By Kapil RathiSep 8, 2020

Finance

DeFi Meets Universal Basic Income With Just-Launched Project From eToro

eToro's GoodDollar initiative will provide a universal basic income for some of the world's poorest by incentivizing people to yield farm on its platform.

By Paddy BakerSep 8, 2020

Videos

What Is Yield Farming? DeFi’s Hot Trend Explained

The world of decentralized finance (DeFi) has taken off, giving birth to Ethereum-based applications like yield farming and liquidity mining. CoinDesk Senior Research Analyst Galen Moore guides us through what all these concepts mean and how people are making money in DeFi.

Sep 8, 2020