Short for decentralized finance. DeFi offers financial vehicles without relying on intermediaries such as brokerages, exchanges, or banks by using smart contracts on a blockchain. The most popular platform for DeFi applications is Ethereum.
DeFi needs to be regulated ‘carefully and thoughtfully,’ says Fed chair Jerome Powell
Powell said that central banks will always be the main trust anchor behind money and stablecoins borrow the trust from the underlying issuer.
Wintermute reveals $160M hack in DeFi operations
Wintermute CEO Evgeny Gaevoy said the firm's Cefi and OTC operations were not affected by the hack.
Research: Ethereum gas usage by stablecoins, DeFi, NFTs, and ERC -20 contracts
During the current bear market, gas usage has trended downwards for each of the four categories, however, ERC-20 contract gas usage appears to have bottomed.
DeFi protocol Kyber Network suffers frontend hack, loses $265K
Kyber Network says the threat has been neutralized, offered the hacker a 15% bug bounty.
FBI warns against DeFi after data reveals sector accounts for 97% of stolen $1.3B during Q1
FBI cited Chainalysis data and said the amount stolen from DeFi increased by 72% compared to 2021.
Interest Protocol partners with Chainlink Labs to bring more security to DeFi lending
Aside from receiving strategic advice from Chainlink Labs, the partnership will enable IP to integrate both Chainlink Keepers and Chainlink Proof of Reserve (PoR).
DeFi protocols Aave, Uniswap, Balancer, ban users following OFAC sanctions on Tornado Cash
Decentralization may be under attack as Aave, Uniswap, Balancer and more reportedly ban wallets which have interacted with Tornado Cash. A centralized dataset created by TRM Labs appears to be responsible for the accounts being banned.
DeFi Sybil attack created $7.5B fake TVL on Solana from ‘anon’ developers
How did two brothers from Texas create $7.5 billion worth of fake TVL on Solana and what is the wider implication for Sybil resistance in a decentralized, open-source ecosystem?
Nested on a mission to turn DeFi into SocialFi
The wilderness of DeFi and its consequent lack of accessibility has warded-off too many potential CeFi users – and makes the possibility of mass adoption all but a sweet dream.