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.
FDUSD Stablecoin Launches on Sui Blockchain
First Digital introduces its stablecoin, FDUSD, as a native token on the Sui blockchain, expanding DeFi options and showcasing institutional confidence in Sui's growing ecosystem.
Bitcoin Layer 2 Projects Surge: A Detailed Look at the Modular Future
Bitcoin Layer 2 projects have grown significantly, with a sevenfold increase from 2021 to 2024. Explore the impact of this growth on venture funding and the future of Bitcoin's modular ecosystem.
VanEck Launches SUI-Backed Financial Instrument for Investors
VanEck introduces a new financial product backed by SUI tokens, enhancing investor access to the Sui network, known for substantial growth in DeFi and TVL.
OKX Ventures Invests in Corn's Ethereum Layer 2 for Bitcoin DeFi Integration
OKX Ventures invests in Corn, an Ethereum Layer 2 network, aiming to integrate Bitcoin into Ethereum's DeFi ecosystem. This strategic move leverages BTCN for seamless BTC transactions.
BounceBit Integrates MirrorX for Enhanced Automated Yield Optimization
BounceBit collaborates with Ceffu's MirrorX to enhance automated yield optimization through secure off-exchange settlements, aimed at simplifying yield farming and maximizing returns.
UBET Revolutionizes Sports Predictions with UAMM Algorithmic Pricing
UBET introduces UAMM, a decentralized algorithmic pricing mechanism for sports prediction markets, offering fairer odds and improved liquidity through blockchain technology.
EU DeFi Policy Roundtable: Insights and Challenges Explored
Polygon (MATIC) Labs and Coinbase held a roundtable in Brussels to discuss DeFi policy in the EU, focusing on regulation, innovation, and market fairness.
Injective (INJ)and Fetch Collaborate to Advance AI-Driven Finance with ASI
Injective (INJ)and Fetch.ai join forces with the Artificial Superintelligence Alliance to enhance AI-enabled finance on the Injective platform, marking a significant step in blockchain interoperability.
Injective's October Updates Highlight Advancements in TradFi and DeFi Integration
Injective's October 2024 update reveals significant advancements in blockchain, ecosystem, and community sectors, aiming to merge traditional finance with decentralized finance.
Taiko Network Achieves New Milestones and Plans for Future Innovations
Taiko Network reports significant growth in transactions and TVL, unveils plans for ZK proofs integration, DAO governance, and preconfirmations.