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.
CoinGecko Report: Crypto Market Declines 14.4% in Q2 2024 Amid Key Developments
CoinGecko's Q2 2024 report reveals a 14.4% decline in the crypto market, with Bitcoin's halving, mining hash rate drop, and trading volume shifts.
BNB Chain Introduces New Projects for Mid-July 2024
Explore the latest projects onboarded by BNB Chain from July 8th to July 14th, including innovations in DeFi, AI, and Web3 gaming.
Stellar (XLM) Unveils Soroban: A Developer-Focused Smart Contract Platform
Stellar (XLM) introduces Soroban, a smart contract platform emphasizing performance, sustainability, and security for scalable DeFi applications.
Taiko Launches DeFi Challenge in Trailblazers Campaign
Taiko's Trailblazers campaign introduces the Trail 4 challenge, encouraging participants to engage with DeFi protocols and earn the Master Faction Badge.
Tezos Foundation Awards Grants to Innovative Projects Across DeFi and Gaming
Tezos Foundation announces grants for projects in DeFi, gaming, and more for May and June 2024, enhancing its blockchain ecosystem.
Manta Foundation Allocates Treasury to wUSDM, Backed by BlackRock’s BUIDL Fund
Manta Foundation strategically allocates its stable crypto assets to wUSDM, supported by BlackRock's BUIDL Fund, enhancing financial security within the Manta Network ecosystem.
Brian Pak Sheds Light on Web3 Security Challenges and Innovations
Brian Pak of ChainLight discusses combating Web3 hacks and DeFi exploits, and the role of law enforcement in securing the crypto ecosystem.
OKX Ventures Invests in Lombard to Enhance Bitcoin (BTC) Restaking Ecosystem
OKX Ventures announces investment in Lombard to transform Bitcoin into a dynamic financial asset with LBTC, enhancing utility and liquidity.
Cronos (CRO) Unveils zkEVM Pioneer Program to Reward Active Community Participation
Cronos (CRO) launches zkEVM Pioneer Program, enabling users to earn points through quests, fostering community engagement and ecosystem growth.
BounceBit Unveils New Products and Campaigns for July 2024
BounceBit announces the launch of two new products, Easy and Superfast, along with several lucrative campaigns for July 2024.