DeFi News

Decentralized finance (DeFi) has been gaining traction in recent years as a new way to access financial services without traditional intermediaries. DeFi crypto refers to using blockchain technology to create decentralized financial applications.

For those interested in investing in DeFi, it’s important to understand the risks and rewards associated with this new form of finance. DeFi investments can be highly volatile, and investors should carefully consider their risk tolerance before investing.

There are several ways to invest in DeFi, including buying and holding cryptocurrencies used in DeFi applications, investing in DeFi protocols or platforms, or participating in liquidity pools to earn rewards.

If you’re new to DeFi and wondering how to invest in DeFi, we have several resources available to help you get started. These include online guides and tutorials, as well as the latest news and opinion pieces, to help our audience stay ahead of the curve.

As DeFi continues to evolve and mature, staying informed on the latest developments and best practices is important. By staying informed and being proactive, investors can navigate the exciting and rapidly-changing world of DeFi and potentially achieve significant financial rewards.

Latest DeFi News

Swiss digital asset infrastructure platform Taurus integrates with Polygon

Swiss digital asset service provider, Taurus, has formed a strategic alliance with Ethereum blockchain scaling network, Polygon.

Web3 hacks declined in May despite a $19.7m loss

May witnessed a notable decrease in web3 hacks and scams. The total losses reached $19.69 million, marking a significant 79% decline compared to April. According to data released by blockchain analytics and security platform Beosin EagleEye, a significant decline in…

Injective releases Avalon upgrade, INJ prices rally 14%

Injective protocol, the decentralized derivatives trading exchange, has activated the Avalon upgrade on the mainnet

Level Finance exploiter moves $1m worth of BNB to Tornado Cash

Level Finance was hacked on May 2. According to on-chain data, the hacker stole over $1m worth of BNB and is now moving the funds to Tornado Cash

Jimbo, a DeFi protocol, hacked for $7.5m in a slippage-related flaw

Jimbo, a decentralized finance (DeFi) protocol, is the latest to suffer an attack resulting in the loss of 4,090 ethereum (ETH), worth $7.5 million

MakerDAO’s new proposal to boost DAI savings rate to 3.33%

MakerDAO's new proposal aims to increase DAI savings rate to 3.33%, potentially reshaping DeFi interest rates and attracting more capital to DAI.

DeFi protocol SeaSwapSui steals $32k from investors

CeriK Alert has revealed that DeFi platform SeaSwap has rug-pulled its users, stealing about $32,000 worth of SUI tokens. SeaSwap has also abandoned its other social media channels. SeaSwapSui, a decentralized finance protocol on the recently launched Sui network, has…

Binance enters the NFT lending market with loan service

Binance is preparing to roll out a new product that would enable non-fungible token (NFT) holders to borrow crypto against NFT assets.

MetaMask revamps terms of use to include a vital tax update

MetaMask, a popular Ethereum native non-custodial wallet, has updated its terms of use and now has the right to “withhold taxes where required”

Uniswap to expand DeFi reach with upcoming Polkadot deployment

Decentralized finance platform Uniswap is set to launch on the Polkadot network, marking a step forward in expanding its accessibility.

IOVLabs launches $2.5 million grants program to boost Rootstock development

IOVLabs has unveiled a $2.5 million strategic grants program to enhance the development and adoption of Rootstock, the world's first bitcoin sidechain and a thriving hub of decentralized finance (DeFi) activity on the Bitcoin network

MakerDAO plans major changes, including banning VPN and US users

MakerDAO, a decentralized crypto lending and borrowing protocol, is making changes on its roadmap, including banning virtual private networks (VPN) and users from the United States

Binance Research says crypto lending gaining traction

Binance Research unveils its latest report on the lending industry, revealing remarkable growth in lending protocols amidst market setbacks.

MakerDAO introduces Spark Protocol for DeFi lending

MakerDAO, a leading decentralized autonomous organization (DAO) on the Ethereum blockchain, announced the launch of its Spark Protocol on May 9.

DeFi ecosystem sees shift as liquid staking outperforms lending

According to CoinGecko’s recent study, DEXs and oracles have been fundamental components of DeFi since the beginning of 2021, but their market shares have steadily decreased.