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.

Consensus Magazine

The Rise of Crypto's Brand of Regenerative Finance

Call it a culture shift or an evolutionary process, why this group of crypto-natives is building "public goods" for the longterm rather than focusing on short term profits.

By Jeff WilserFeb 6, 2023

Manuel Alzuru, fundador de DoinGud, dijo que “se está produciendo un despertar social” y que el futuro de las criptomonedas estará estrechamente vinculado a las ReFi. “Este es solo el principio”. (Kristopher Roller/Unsplash)

Markets

Decentralized Lending Protocol Centrifuge Accrues $6M Unpaid Debt

1754 Factory, the originator of the debt pool with the most distressed loans, said it is liquidating the assets off-chain and negotiating with borrowers for repayments.

By Krisztian SandorFeb 3, 2023

Videos

Russia's Largest Bank to Introduce DeFi Platform by May: Report

Russia's largest bank, Sberbank, will release a decentralized finance (DeFi) platform by May, according to a report by the Russian news agency Interfax. "The Hash" panel discusses what this suggests about the evolution of the traditional banking system and future of DeFi.

Feb 3, 2023

Finance

Russia's Sberbank Will Introduce DeFi Platform by May: Report

The bank's blockchain product director believes DeFi will one day replace traditional banking services.

By Oliver KnightFeb 3, 2023

Finance

Synapse Token Surges 44% as Cross-Chain Momentum Builds

The token has outperformed the broader DeFi sector since the turn of the year as investors flock to its cross-chain bridge.

By Oliver KnightFeb 2, 2023

Elliptic says RenBridge was used to launder $540 million in illicit funds. (Charlie Green/Unsplash)

Finance

Binance’s BNB Chain to Offer New Decentralized Storage System

BNB Greenfield’s test net will be released over the next few months, according to the project’s white paper, released Wednesday morning.

By Elizabeth NapolitanoFeb 1, 2023

Binance's BNB Chain has released the white paper for a new decentralized data storage system. (Unsplash)

Videos

DeFi Outlook in 2023

Decentralized derivatives exchange dYdX COO George Zeng discusses his outlook on DeFi in the coming year and how decentralized exchanges may be impacted as regulators narrow their scrutiny over recent bankrupt centralized exchanges like FTX. Plus, insights on navigating the crypto winter.

Feb 1, 2023

Finance