What is DeFi? An explanation of the differences from traditional financial services and the risks involved for beginners

Have you ever heard the term "DeFi"?DeFi is attracting attention as a new financial service mechanism that utilizes ...
Yahoo Finance

Solana-Based DeFi Protocol OptiFi Loses $661K in Programming Blunder

Derivatives-focused decentralized finance (DeFi) platform OptiFi accidentally closed its mainnet platform in a programming blunder, locking away $661,000 in USDC. The ...

Can Finance Exist Without Banks? The Concept of DeFi (Decentralized Finance)

Depositing money.Lending to someone.Exchanging for another currency.When we do these things in our daily lives, we use ...
Cointelegraph

DeFi on the way to having ‘bank-like’ financial products — Mercuryo CEO

Mercuryo CEO Petr Kozyakov said many consumer apps will emerge before widespread institutional adoption comes to DeFi. The CEO of payments infrastructure platform Mercuryo predicted that decentralized ...
CoinDesk

Velocity Labs Announces First Cohort of the DeFi Builders Program, Empowering the Next Generation of Financial Applications on Polkadot Hub

This paid press release is provided by Velocity Labs and was not written by CoinDesk. CoinDesk does not endorse and is not responsible or liable for this content. The DeFi Builders Program was created ...
USA Today

Prime DeFi Onboards 300 Members in 6 Months for its DeFi Investment Coaching Program

Decentralized finance coaching community Prime DeFi has revealed that it has added around 300 members in a roughly six-month period since it opened its roll to applicants in early 2023. Prime DeFi ...