DEFI
What is 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.
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.
Binance Launchpool to Integrate DeFi BNB Assets with Web3 Wallet
Binance extends DeFi BNB Assets support to its Web3 Wallet, enhancing the BNB ecosystem. New integrations include liquid staking tokens and more.
Injective (INJ) Integrates Mountain Protocol to Introduce Tokenized T-Bills
Injective (INJ)has integrated with Mountain Protocol to launch USDM, a yield-bearing stablecoin, enhancing the DeFi ecosystem with tokenized treasury bills.
Baanx and Tezos Launch First Non-Custodial On-Chain Crypto Card
Baanx and Tezos introduce the first non-custodial on-chain crypto card, leveraging Etherlink for secure, efficient, and user-friendly payments.
dYdX Announces Strategic Shift Towards dYdX Chain, Evaluating v3 Alternatives
dYdX Trading Inc. is exploring strategic alternatives for its v3 software to focus entirely on the decentralized dYdX Chain, emphasizing the ethos of DeFi.
BNB Chain Unveils New Projects for Early July 2024
BNB Chain introduces new projects from July 1st to 7th, spanning DeFi, AI, Web3 gaming, and more.
Ripple (XRP) Advances Financial Infrastructure with Blockchain and Digital Assets
Ripple (XRP) aims to revolutionize financial services using blockchain and digital assets, focusing on institutional DeFi, cross-border payments, and stablecoins.
OKX Ventures Backs zkLink to Enhance Liquidity with Aggregated Rollups
OKX Ventures has invested in zkLink, aiming to unify liquidity across various blockchain ecosystems with its Aggregated Layer 3 zkEVM network.
DeepBook Enhances DeFi Protocols with Superior Liquidity and Speed
DeepBook's deep liquidity, quick execution, and ease of integration give Sui DeFi protocols a competitive edge.
BNB Chain Announces $250K 'Train Like a Champion' Challenge
BNB Chain launches the 'Train Like a Champion' challenge with a $250K prize pool, timed with the 2024 Summer Olympics.
Binance Research Reports 37.3% Growth in Crypto Market for H1 2024
Binance Research reveals a 37.3% growth in the crypto market for the first half of 2024, driven by strong performance in Layer-1s, DeFi, and stablecoins.