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

Solana Dog Token Darling Bonk Inu Releases BonkSwap DEX

Bonk inu was one of the hottest Solana tokens earlier this year, leading a frenzied market at the time.

By Shaurya MalwaApr 13, 2023

Bonk Inu developers say they want to showcase Solana's capabilities. (Bonk Inu)

Finance

WisdomTree, T. Rowe Price Among TradFi Firms to Test Avalanche's Blockchain Subnet

The subnet is designed to make trade execution and settlements more efficient on Avalanche.

By Lyllah LedesmaApr 12, 2023

Finance

SushiSwap to Launch Claims Website for Whitehat Funds Following Exploit

Claims will expire on April 23 and unclaimed tokens will go to SushiSwap’s treasury.

By Elizabeth NapolitanoApr 12, 2023

Finance

Euler Finance Lets Users Redeem Recovered Funds Following $200M Theft

Allowing customers to withdraw money after last month's incident is a relatively happy ending for a crypto exploit.

By Sage D. YoungApr 12, 2023

Policy

Hong Kong Regulator Says DeFi Projects Could Face Regulatory Requirements

The SFC's comments come just after the United States and France published reports on regulating DeFi.

By Lavender AuApr 12, 2023

Policy

World Regulators Are Looking at DeFi

The U.S. Treasury Department and French central bank published reports looking at DeFi risks and providing recommendations for mitigating them.

By Nikhilesh DeApr 11, 2023

Finance

Lending Platform Maple Prepares New U.S. Treasury Pool; MPL Token Rises 23%

Maple’s pool will allow accredited investors and corporate treasuries based outside of the U.S. to invest in U.S. Treasury bonds on-chain, CEO Sid Powell said in a community call.

By Krisztian SandorApr 11, 2023

Videos

French Central Bank Says DeFi May Be Forced to Incorporate and Certify

Projects in decentralized finance (DeFi) could be forced to incorporate or prove that they meet governance and security norms, a report by the French central bank said, as regulators seek to extend planned crypto laws to cover more kinds of blockchain-based structures. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what this means for the sector as lawmakers in the EU are due to vote on the Markets in Crypto Assets regulation, or MiCA, next week.

Apr 11, 2023