DeFi

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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.

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Algorand signage inside the Drone Racing League arena. (DRL)
Algorand Foundation Appoints JPMorgan, Nasdaq Alum Staci Warden as CEO
Warden replaces Sean Lee at the payments-focused blockchain.
Algorand signage inside the Drone Racing League arena. (DRL)

On Purpose Podcast Cover
Education and Innovation in DeFi and Web 3
The current state and future of the crypto industry with Jeff Garzik.
On Purpose Podcast Cover

Anonymity is highly valued in crypto and hacker culture. But a higher standard of transparency may apply for those with power over others' fates. (Boy_Anupog/Getty Images)
Your Right to Anonymity Ends Where Risk to My Money Begins
Privacy is a key value of crypto, and of a healthy society. But it ends when you seek wealth and influence – for good reason.
Anonymity is highly valued in crypto and hacker culture. But a higher standard of transparency may apply for those with power over others' fates. (Boy_Anupog/Getty Images)

Brazilian flag (Mateus Campos Felipe/Unsplash)
Brazilian Asset Manager QR Launches First Local DeFi ETF
QDFI11 was listed on the Brazilian stock exchange, B3, and tracks the Bloomberg Galaxy DeFi index.
Brazilian flag (Mateus Campos Felipe/Unsplash)

Axie Infinity reached a record-high of $2.5 billion in trading volume in September 2021 (AxieInfinity.com)
Axie Infinity Reduces SLP Emissions to Prevent 'Collapse'
Concerns around emissions of an in-game token caused falling user numbers and a drastic plunge in SLP prices.
Axie Infinity reached a record-high of $2.5 billion in trading volume in September 2021 (AxieInfinity.com)

Aave founder Stani Kulechov (third from left) speaks at 2021's Token2049 event in London. (Ian Allison/CoinDesk archives)
DeFi’s Aave Launches Web 3 Social Media Platform ‘Lens’
Composability will be a key feature of the new offering.
Aave founder Stani Kulechov (third from left) speaks at 2021's Token2049 event in London. (Ian Allison/CoinDesk archives)

Aleo Blockchain CEO the Largest Fundraising Round Ever In the Zero-Knowledge Space
Aleo Blockchain CEO the Largest Fundraising Round Ever In the Zero-Knowledge Space
Pledging to launch its private, programmable Aleo blockchain network “later this year,” crypto startup Aleo Systems raised $200 million in a Series B funding round led by Soft...
Aleo Blockchain CEO the Largest Fundraising Round Ever In the Zero-Knowledge Space

(Shutterstock)
$4.4M Stolen in Hack of Blockchain Infrastructure Firm Meter
According to PeckShield, the hack on Saturday saw more than 1391 ETH and 2.74 BTC stolen.
(Shutterstock)

DeFi infrastructure provider Qredo has raised $80 million. (Getty Images)
DeFi Infrastructure Provider Qredo Raises $80M at $460M Valuation
10T Holdings, a crypto investment firm led by hedge fund manager Dan Tapiero, led the round.
DeFi infrastructure provider Qredo has raised $80 million. (Getty Images)

Tron founder Justin Sun
Tron’s Justin Sun Accused of ‘Governance Attack’ on DeFi Lender Compound
Crypto think tank GFX Labs says a prominent whale may be attempting to swing a vote in his favor.
Tron founder Justin Sun