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Decentralized Finance

GMX has risen close to an all-time high. (Midjourney/CoinDesk)
Markets
Markets
Decentralized Exchange Token GMX Surges After Binance, FTX Listings
GMX gained popularity for defying this year’s crypto rout, and it nearly hit its previous all-time high after the listings news.
GMX has risen close to an all-time high. (Midjourney/CoinDesk)
By Krisztian Sandor
Oct 5, 2022 at 2:18 p.m. UTC
Oct 5, 2022
MarketsDecentralized exchangeDecentralized FinanceTradingInvesting
Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin
Video
Circle
Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin
Circle said on Wednesday that it plans to launch its USD coin (USDC) stablecoin – the second-largest dollar-backed stablecoin by market capitalization – natively on Cosmos in...
Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin
By CoinDesk Staff
Sep 30, 2022 at 3:30 p.m. UTC
Sep 30, 2022
CirclecdtvFM ClipCosmosDecentralized FinanceUSDCStablecoinJelena Djuric
Cryptocurrency Market Maker Wintermute Lost $160M in Hack
Video
Defi
Cryptocurrency Market Maker Wintermute Lost $160M in Hack
Cryptocurrency market maker Wintermute lost $160 million in a hack relating to its decentralized finance (DeFi) operation, but the company’s lending and OTC operations have no...
Cryptocurrency Market Maker Wintermute Lost $160M in Hack
By CoinDesk Staff
Sep 20, 2022 at 6:30 p.m. UTC
Sep 20, 2022
DeFicdtvHash clipDecentralized FinanceHackWintermutemarket makerOTC
Detail of the tomb of monk Johannes Trithemius, author of one of the first Western works on cryptography - and one of the first to be blacklisted. (Wikimedia)
Consensus Magazine
Tornado cash
As Government Takes on the Tornado Mixer, It May Reap a Whirlwind
Tornado Cash isn’t a company, a service or a person – it’s a series of words, and likely protected by the U.S. First Amendment.
Detail of the tomb of monk Johannes Trithemius, author of one of the first Western works on cryptography - and one of the first to be blacklisted. (Wikimedia)
By David Z. Morris
Aug 9, 2022 at 6:23 p.m. UTC
Aug 9, 2022
Tornado CashPrivacy CoinsEthereumDecentralized FinanceCensorshipOpinion
Kujira will issue its own stablecoin. (Unsplash, modified by CoinDesk)
Markets
Cosmos
Former Terra-Affiliated Project Kujira to Issue Stablecoin
The USK token is set to maintain its price peg by combining overcollateralization of ATOM tokens with trading incentives.
Kujira will issue its own stablecoin. (Unsplash, modified by CoinDesk)
By Krisztian Sandor
Aug 9, 2022 at 12:44 p.m. UTC
Aug 9, 2022
CosmosStablecoinDecentralized Finance
With memories still fresh from this year's crypto market crash, the Voltz protocol is already looking for ways to let traders use leverage to take more risk. (Pixabay, modified by CoinDesk)
Markets
Ether
DeFi Protocol Voltz Could Bring 150% Interest Rate on Ether Deposits
As the Ethereum blockchain's Merge approaches, traders and venues are seeing the event as an opportunity to pocket fat yields – possibly signaling a renewed appetite for risk...
With memories still fresh from this year's crypto market crash, the Voltz protocol is already looking for ways to let traders use leverage to take more risk. (Pixabay, modified by CoinDesk)
By Omkar Godbole
Aug 5, 2022 at 5:47 p.m. UTC
Aug 5, 2022
EtherEthereumMarketsTradingInvestingDeFiDecentralized FinanceAutomated Market MakersThe Merge
To preserve the anonymity of some of its founding members, Cell Protocol is using non-fungible tokens. (Cell Protocol, modified by CoinDesk)
Consensus Magazine
Defi
Cell Protocol Wants to 'Democratize' Liquidity in DeFi
The team, finalists during Web 3 Pitch Fest, wants to expand the network "horizontally and vertically" across exchanges and blockchains.
To preserve the anonymity of some of its founding members, Cell Protocol is using non-fungible tokens. (Cell Protocol, modified by CoinDesk)
By Xinyi Luo
Jun 6, 2022 at 9:55 p.m. UTC
Jun 6, 2022
DeFiConsensus 2022Decentralized FinanceDecentralized exchangeSolanaHackathon
Debate rages on how to regulate decentralized finance. (Jeremy Moeller/Getty Images)
Policy
Regulations
DeFi 'Casino' May Need New Global Regulator, German Central Banker Says
Joachim Wuermeling called for immediate discussions on how to treat DeFi as the Financial Stability Board prepares a rule book for the crypto sector.
Debate rages on how to regulate decentralized finance. (Jeremy Moeller/Getty Images)
By Jack Schickler
Jun 2, 2022 at 10:24 a.m. UTC
Jun 2, 2022
RegulationsFinancial Stability BoardBundesbankDecentralized FinanceDeFi