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

DeFi Protocol Tender.fi Hacker Returns $1.6M Following Pricing Oracle Glitch

The bug allowed the hacker to borrow $1.6 million despite depositing just one GMX token worth $70.

By Oliver KnightMar 10, 2023

Finance

Finance Headed Toward Bank-Free, Decentralized Future: Bernstein

Bank-free decentralized finance will be a trillion-dollar asset pool with over $40 billion in revenue by 2028, a report from the firm said.

By Will CannyMar 10, 2023

Markets

Lido Finance Weighs Sunsetting Liquid Staking on Polkadot, Kusama

The proposal comes as MixBytes, Lido’s partner developer firm for Polkadot and Kusama liquid staking, announced it would stop supporting the networks.

By Krisztian SandorMar 9, 2023

Finance

Crypto Trading Protocol Vertex Eyes Institutional Traders on Arbitrum

“You can never scale the way we’re planning to scale if you’re just" automatic market maker-driven, co-founder Darius Tabatabai said.

By Danny NelsonMar 8, 2023

Vertex co-founder Darius Tabatabai (Danny Nelson/CoinDesk)

Finance

Stargate Finance Token Down 8% on Coinbase Delisting

The cross-chain bridge protocol is migrating to a new smart contract on March 15.

By Oliver KnightMar 8, 2023

Finance

Three Arrows-Backed Crypto Liquidity Protocol Rook Surges 23% on Fundraise Speculation

The ROOK token is experiencing a resurgence on speculation that Three Arrows' founders have completed a $25 million fundraise.

By Oliver KnightMar 8, 2023

Markets

Curve Yield Farmers Rush to Deploy $60M on Newly Launched Conic Finance, Capture 21% APY on USD Coin

Conic is the latest player in the game to offer unlocked yield rewards to users from the prominent DeFi protocol Curve.

By Shaurya MalwaMar 8, 2023

(Peter Zelei Images/Moment/Getty Images)

Videos

DeFi Protocol Tender.fi Security Risks Exposed by White Hat Hack

TND, the native token of decentralized finance (DeFi) protocol Tender.fi, fell by 34% before recovering on Tuesday after a white hat hacker exploited $1.6 million from the platform. "The Hash" panel discusses the latest in the world of crypto crime and the vulnerabilities of open finance.

Mar 7, 2023