DEFI
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
Mango Markets Community Set to Approve $47 Million Bounty for the Hacker
After the unfortunate hack incident, Mango Markets is now set to accept a large bug bounty for the hacker who stole $114 million from the protocol.
Binance Completes 21st Quarterly BNB Burn With $548M BNB Destroyed
Following its quarterly burn, the Binance (BNB) Chain has successfully eliminated $548 million worth of BNB; however, the market remains unaffected.
DeFi Startup Arch Secures $5m from Seed Round, to Achieve 'BlackRock of Web3'
Arch Finance, a DeFi startup, has acquired $5 million in funding from a seed round, aiming at becoming the "BlackRock of web3."
Could Current DeFi Rebound be Indicative of Broader Market Revival?
The growth of the DeFi subsector is quite unusual as the combined market cap had a 0.69% growth over the same time frame.
Maple Finance Loans $300m to help Struggling Bitcoin Miners
The lending fund is designed to support crypto mining firms impacted by the market downturn.
DeFi Protocol Wintermute Suffers $160M of Hack: CEO
Cryptocurrency market maker and Decentralized Finance (DeFi) lending protocol Wintermute has been hacked with over $160 million lost.
Compound Treasury Launches Borrowing for Institutions
Institutions will now be able to borrow loans from Compound Treasury using Bitcoin, Ether, and supported ERC20 tokens as collateral.
Tether Launches USDT Stablecoin on Near Network to Unlock New DeFi Products
Tether’s USDT, the world’s largest stablecoin by market cap, is now available on the Near Network proof-of-stake blockchain.
DeFi Platform Forward Raises $5M in Seed Funding
Some of Thailand's largest banks, KasikornBank and Bank of Ayudhya have supported Decentralized Finance (DeFi) platform Forward with $5 million in seed capital through their venture capital platforms
Stablecoin Protocol Frax Finance Launches Lending Market Fraxlend
Algorithmic stablecoin protocol Frax Finance has launched its own lending marketplace Fraxlend, allowing users to lend and borrow tokens belonging to the Chainlink data feed without permission.
FBI Warns Crypto Ecosystem Investors of DeFi Scams
The United States Federal Bureau of Investigation has issued a public warning to investors, especially those fond of the crypto ecosystem to be aware of scams specifically targeting the Decentralized Finance ecosystem
DeFi Lending Protocol Compound Launched its Compound III Version
Defi lending protocol Compound announced that Compound III (V3)was officially launched on the Ethereum mainnet.
DeFi Remains One of The Biggest Losers in H1
The crypto winter is almost wearing off based on several indices, and looking back to the outlook in H1, the ecosystem of DeFi can be tagged as one of the biggest losing sectors in the industry.
Injective Raises $40m Funding to Expand DeFi Applications
Injective is investing in the future of financial technology by creating avenues for diversified and equitable access to financial freedom.
Defi Cross-chain Interoperability Protocol Nomad Raises $22.4m from Crypto Leaders
Defi cross-chain interoperability protocol Nomad has secured a $22.4 million seed round from crypto industry leaders.