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.

Tech

Fantom Blockchain to Release Version 2 of fUSD Stablecoin

The migration from version 1 will result in liquidations of any positions where fUSD debt is equal to or greater than the FTM backing it.

By Shaurya MalwaJan 30, 2023

Markets

Floki Inu DAO Passes Proposal to Burn Over $100M Worth of Tokens

FLOKI's price has rallied more than 100% in the past week.

By Shaurya MalwaJan 30, 2023

Portrait Of Shiba Inu Dogs Traveling In Car (Getty Images)

Opinion

The Best Tool for Designing Effective DeFi Policies Is Web3 Itself

Code can be better than law.

By Matthew NiemergJan 27, 2023

Finance

DeFi Lender Aave Deploys Version 3 on Ethereum Network

Aave v3 allows users to benefit from the highest borrowing power out of their collateral.

By Oliver KnightJan 27, 2023

Markets

Polygon Derivatives DEX Gains Network Crosses $1.5B in Trading Volume on Arbitrum

Trading volumes on Gains Network deployed on Arbitrum reached $230 million in the past 24 hours alone, data shows.

By Shaurya MalwaJan 27, 2023

Markets

Floki Inu Developers Float DAO Proposal to Burn $55M of Its Own Tokens

The proposal is part of a broader move towards positioning Floki Inu as a serious DeFi project, developers told CoinDesk.

By Shaurya MalwaJan 27, 2023

DOGE rally is news-driven and doesn't represent speculative frenzy. (Thorsten/Pixabay)

Tech

Cardano DEXs Will Support Djed Stablecoin Liquidity Pools Starting Next Week

The issuance of Djed’s overcollateralized stablecoin has been a much-hyped topic in the Cardano community.

By Shaurya MalwaJan 27, 2023

Opinion

Web3 Loyalty Programs Are a Trojan Horse for Good Crypto Policy

Crypto's three pillars of ownership, control and interoperability are likely to resonate with policymakers the most, writes Josh Rosenblatt of Co:Create.

By Josh RosenblattJan 26, 2023