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.

Finance

Kraken Adds 3 DeFi Tokens – COMP, KAVA, KNC

Riding the surge of interest in yield farming, cryptocurrency exchange Kraken is listing three tokens from the world of decentralized finance.

By Zack SewardJul 14, 2020

(The Trustees of the British Museum, modified using PhotoMosh)

Markets

Market Wrap: Stocks Make Gains While Bitcoin Sticks to $9,200

A bullish stock market left bitcoin behind Monday with the world’s oldest cryptocurrency trading flat.

By Daniel CawreyJul 13, 2020

Tech

Compound Tops $1B in Crypto Loans as DeFi Farmers Keep Digging for Yield

Yield farming continues to push Compound to new heights. On Monday, the lending protocol topped $1 billion in loans issued.

By Brady DaleJul 13, 2020

Funds rising (Darío Martínez-Batlle/Unsplash)

Markets

First Mover: Twelve-Fold Gains for Aave's LEND Token Might Be More Than DeFi Hype

Collateral deposits in Aave are up nearly $160 million over the past six months, suggesting actual usage rather than speculation.

By Omkar GodboleJul 13, 2020

(Library of Congress, Prints & Photographs Division, [reproduction number, e.g., LC-B2-1234])

Markets

Market Wrap: Traders Buy the Dip and Bitcoin Holds at $9,200

Bitcoin sticks to the $9,200 price range after some light selling early in the day.

By Daniel CawreyJul 10, 2020

Markets

First Mover: Pie Anyone? DeFi Pushes ETF-Style Investing Toward Decentralization

PieDAO's push to decentralize itself shows the fast-growing DeFi industry's efforts to retrofit investment vehicles for digital-asset markets.

By Paddy Baker, Omkar GodboleJul 9, 2020

Tech

Kyber Network Is Bringing Yield Farming to DEXland

Fresh pastures are opening in the world of yield farming. Kyber, a decentralized exchange (DEX), is preparing to share trading fees with KNC token holders.

By Brady DaleJul 8, 2020