Welcome to the Decentralized Finance (DeFi) Category, your gateway to the exciting and transformative world of decentralized finance. Here, we explore the cutting-edge innovations, platforms, and concepts that are reshaping traditional financial systems and empowering individuals with unprecedented control over their financial assets.
In this category, we dive deep into the principles of DeFi, where traditional financial services such as lending, borrowing, trading, and yield farming are being reinvented on blockchain networks. Discover a wealth of information about decentralized lending protocols, liquidity pools, decentralized exchanges (DEXs), and other groundbreaking DeFi applications that eliminate intermediaries and foster peer-to-peer interactions.
Stay up-to-date with the latest developments in the DeFi ecosystem, including new projects, partnerships, governance models, and security considerations. Our expert analysis provides insights into the potential risks and rewards associated with participating in DeFi, as well as guidance on how to navigate this dynamic landscape.
Explore educational content that breaks down complex DeFi concepts, from automated market makers (AMMs) to stablecoins and flash loans, ensuring that both newcomers and seasoned enthusiasts can grasp the intricacies of this rapidly evolving sector.
Join us on a journey to understand how DeFi is democratizing access to financial services, enabling financial inclusion on a global scale, and challenging traditional financial institutions. Whether you’re an investor looking to diversify your portfolio, a developer interested in building on decentralized platforms, or simply intrigued by the future of finance, our DeFi Category offers valuable insights and resources to keep you informed and engaged.
1inch Investment Fund, a fund closely tied to the crypto exchange aggregating platform, 1inch, has sold 4,685 stETH for 8.54 million USDC at $1,823, according to Scopescan, an analytics platform, on October 24. This move has resulted in a net profit of $1.28 million since the stETH was bought for an average price of $1,550 … Read more
In a recent interview with CNBC, Paul Brody, the Global Blockchain Leader at Ernst & Young (EY), highlighted the increasing demand for cryptocurrencies, with Bitcoin at the forefront. Brody specifically pointed out that family offices, which manage the wealth of affluent families, are increasingly diversifying their portfolios with cryptocurrencies like Bitcoin. This is not surprising … Read more
The cryptocurrency industry has seen significant growth this week, with leading cryptocurrencies experiencing substantial increases in their market value. One standout performer is Solana (SOL), which has seen a notable increase of over 34% in value over the course of a week. Solana is well-known for its scalability and is considered a prominent Layer-1 network. … Read more
Security researcher and developer Antoine Riard has announced his departure from the Lightning Network’s development team, citing security concerns and fundamental challenges to the Bitcoin ecosystem. Riard’s concerns stem from a new class of replacement cycling attacks that he believes puts the Lightning Network in a “perilous position.” These attacks target the payment channels of … Read more
In the next three days, our team at NewsBTC will cover xDay 2023, an event organized by MultiversX in the Palace of Parliament, Romania. Formerly known as Elrond, the project rebranded in 2022 and focused on the Metaverse, scalability, and global adoption by simplifying users’ access to crypto. MultiversX’s native token EGLD trends to the … Read more
The total amount of Ethereum (ETH) staked on Lido Finance has been steadily increasing over the past few years. However, the revenue generated by the platform has not grown as fast as expected compared to the staking rewards distributed. According to Token Terminal data, the staking rewards paid by Lido Finance, which are counted as … Read more
Bitcoin layer-2 infrastructure firm Lightning Labs has launched the mainnet alpha version of Taproot Assets, a protocol designed to enable the issuance of stablecoins and real-world assets on the Bitcoin and Lightning Network. According to Ryan Gentry, head of business development at Lightning Labs, Taproot Assets v0.3 will offer a “feature-complete developer experience” for issuing, … Read more
Bitcoin’s dominance in the cryptocurrency market has surged to its highest level since April 2021, indicating a significant shift in the landscape. This development, illustrated by the accompanying chart, highlights the enduring appeal and resilience of the world’s largest digital currency. The image portrays Bitcoin’s market share climbing steadily in recent months, reaffirming its position … Read more
Contango, a decentralized market focused on building futures on top of money markets, has expanded its flagship product, cPerps, to the Optimism network. This move comes shortly after a successful launch on Arbitrum. The Contango team announced this development and highlighted the automated looping strategy employed in cPerps, which leverages on-chain flash loans and borrowing … Read more
BitVM, a Bitcoin-based virtual machine, is primarily focused on scaling Bitcoin rather than implementing decentralized finance applications like Ethereum, according to one of its developers. The project lead, Robin Linus, released BitVM’s white paper on October 10, with support from the pseudonymous developer “Super Testnet” for the first proof-of-concept and expanding BitVM’s capabilities. Some industry … Read more
