Defi News

Understanding DeFi: A Brief Overview

Decentralized Finance (DeFi) refers to a financial ecosystem built on blockchain technology, enabling permissionless access to financial services without intermediaries.

DeFi platforms offer a wide range of services, including lending, borrowing, trading, and yield farming, all conducted on decentralized networks.Smart contracts power DeFi protocols, automating transactions and removing the need for traditional financial institutions.DeFi has democratized finance, allowing anyone with an internet connection to participate in global financial markets and earn passive income.Despite its rapid growth and potential benefits, DeFi also faces challenges such as security vulnerabilities and regulatory uncertainty as it continues to reshape the future of finance.

 
 

Defi News

Defi news
BIS report on DeFi activity reveals institutional traders heavily outmaneuver retail on Uniswap
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The Bank for International Settlements (BIS) has revealed that institutional players dominate liquidity provision on decentralized exchanges (DEXs) like Uniswap, according to a Nov. 19 report, In a recent report ...
Defi news
The 8 next big trends to watch in DeFi
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The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock. DeFi is driving one of the most aggressive waves of innovation in decades. While it may feel ...
Defi news
Bitfinity bridges Bitcoin and Ethereum with new Layer-2 mainnet, raises $12 million
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Bitfinity Network, a Bitcoin Layer-2 solution compatible with the Ethereum Virtual Machine (EVM), has officially launched its mainnet after raising nearly $12 million, according to a Nov. 19 statement shared ...
Defi news
Wintermute secures approval to overhaul Ethena’s revenue sharing model
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The Ethena Foundation announced on Nov. 15 that the risk committee approved Wintermute’s proposal to overhaul revenue sharing for the Ethena protocol. The changes, aimed at benefiting staked ENA (sENA) ...
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Donald Trump-backed DeFi project leans on Chainlink amid criticism and unmet financial goals
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World Liberty Financial (WLFI), a DeFi project backed by US President-elect Donald Trump, has partnered with Chainlink to accelerate DeFi adoption. This new alliance, announced on Nov. 14, names Chainlink ...
Defi news
Binance Labs invests in BIO Protocol to advance DeSci, disrupt traditional funding
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Binance Labs, the venture capital arm of crypto exchange Binance, has made a strategic investment in BIO Protocol, a blockchain-based platform that aims to reshape early-stage scientific research funding. The ...
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MakerDAO community decides to continue Sky rebrand amid centralization concerns in vote
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The DeFi project Sky has retained its new brand identity rather than revert to MakerDAO following a community vote. Polling data revealed that 79.3% of votes supported maintaining the Sky ...
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Dapps’ revenue hits $164M in October amid growing adoption
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According to a report by Binance Research, decentralized applications (dApps) represented 12 out of 15 protocols with the most significant revenues in October, amounting to $164 million. This suggests growing ...
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DEGEN L3 migration hindered by Conduit standoff and financial losses
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In a post shared with its community, DEGEN revealed mounting challenges in its ongoing effort to migrate DEGEN L3 to a new service provider. The prolonged standoff, which DEGEN claims ...
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Donald Trump’s World Liberty will limit token sales in the US to $30 million
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World Liberty Financial, a decentralized finance (DeFi) crypto project being promoted by former president Donald Trump and his sons, will only sell up to $30 million of its tokens in ...
Defi news
Tron’s DeFi ecosystem set for a boost with Chainlink collaboration
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Tron founder Justin Sun said the blockchain’s integration of Chainlink would present significant opportunities for the two networks to grow in the stablecoin and real-world asset sector. In an Oct. ...
Defi news
Cardano unlocks Bitcoin liquidity with BitcoinOS Grail Bridge integration
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Cardano has integrated with the Bitcoin ecosystem through BitcoinOS’s Grail Bridge, unlocking the top digital asset’s substantial liquidity for its DeFi ecosystem. On Oct. 24, BitcoinOS explained that the move ...