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.
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Aave to Activate Fee Switch, Rewarding Token Holders with $60M Annual Profits
Aave plans to enable a "fee switch" that will distribute transaction fees, estimated at $60 million annually, to Aave token holders.
dYdX Community Votes to Stake $61M in DYDX Tokens for Enhanced Security
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In Q1 2024, crypto narratives experienced impressive returns, with memecoins leading the pack with an average return of 1312.6%, followed by RWA and AI.
Lido's Faulty Contract Locks $24 Million in Solana stSOL Tokens
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Bitwise Explores ETP Offering for Ethereum Layer-2 Networks
Bitwise is eyeing an Exchange Traded Product (ETP) focused on Ethereum's layer-2 solutions, with CIO Matt Hougan confident in the ecosystem's potential.
Base Layer-2 Protocol Shatters DEX Trading Volume Record with $1.21B Surge
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Lido Finance Community Votes on Critical Governance Proposal
Lido Finance community members cast their votes on a pivotal governance proposal, shaping the future direction of the staking platform.
OKX Announces Spot Trading for Ether.fi's ETHFI Token Amidst Growing DeFi Interest
Global crypto exchange OKX lists Ether.fi's governance token ETHFI for spot trading, highlighting the platform's expansion and the DeFi sector's growth.
Binance Research Reveals Key Crypto Market Trends
Binance Research's latest report reveals a thriving crypto market in February 2024, with a 40% increase in total market capitalization, driven by spot BTC ETF inflows and strong DeFi and NFT performance.