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What Is DeFi?


DeFi is short for "decentralized finance," an umbrella term for Ethereum and blockchain applications geared toward disrupting financial intermediaries

FirstDerivative Yield Farming Project is Now Live with x10 Bonus!


Disclaimer: The text below is a press release that was not written by Cryptonews.com. ___________ The latest trends at the cryptocurrency market are largely characterized by DeFi gaining more momentum and the upcoming launch of ETH 2.0 staking algorithm. As both DeFi and staking markets keep...

Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts


Growing Ethereum network transaction fees, which touched new highs recently, are a direct consequence of the increasing number of defi projects and yield farming. Yield farmers need to pay ETH for transactions like moving funds in and out of pools. The increased number of yield farmers leads...

After Bashing Yield Farming, Buterin Offers a 'Billion Dollar' DeFi Idea


Vitalik Buterin. After criticizing yield farming once again and looking for a “least favorite DeFi project”, Ethereum (ETH) Co-founder Vitalik Buterin revealed his own vision for a new decentralized finance (DeFi) project. This time, it’s about forking Maker (MKR). “All I want for [DeFi] is...

Total Value Locked in Defi Jumped 85% in August, $8 Billion in Assets Held


A lot has changed during the last month, as the popular decentralized finance (defi) ecosystem has swelled considerably in value. Since the first week of August, the total value locked in defi jumped over 85% in 27 days from $4.2 billion to $7.88 billion on August 30. The total value locked (TVL)...

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