DeFi DeBrief #25: Is contagion over? 🧐

 

Welcome to issue #25 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

DCG reaches agreement
Binance stops USD bank transfers
Revolut adds crypto staking

 

Onwards 👇

 

TAKE NOTE
DCG reaches initial agreement with main creditors 😅
Digital Currency Group (DCG) was seen as the biggest contagion risk following the FTX fallout.

If DCG collapsed, …

DeFi 101: What Is A Utility Token?

A utility token is a type of cryptocurrency that serves a specific purpose in an ecosystem. Utility tokens let users perform defined actions like voting on governance proposals, paying fees, or participating in proof of stake consensus mechanisms.
— —

The term cryptocurrency can be somewhat misleading.

Not all cryptocurrencies are ‘currencies’ per se. Many only exist …

DeFi DeBrief #24: All eyes on The Fed 👀

Welcome to issue #24 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

Rates rise by 0.25%
Car titles coming to Tezos
NFTs swept up by Amazon

 

Onwards 👇

 

TAKE NOTE
Interest rates slow down once more 😅
This newsletter cycles back to the same subject every four weeks.

That’s because The Fed’s actions are …

DeFi 101: What Is A Smart Contract?

Smart contracts are self-executing computer programs that automatically enforce an agreement. They are considered one of the most innovative blockchain developments, potentially revolutionising finance, real estate, supply chain management, and more.
— —

A smart contract is a computer program that sits on the blockchain. 

It contains a set of rules and conditions that execute automatically when …

DeFi DeBrief #23: DeFi can solve a $2.2tn problem 😎

 

Welcome to issue #23 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

How DeFi can help FX markets
Genesis files for bankruptcy protection
Uniswap move to BNB Chain?

 

Onwards 👇

 

TAKE NOTE
Research suggests DeFi can mitigate $2.2tn risk in FX markets 😳
Some people still question the value of blockchain technology.

Well, research …

DeFi 101: What Is A CBDC?

CBDC stands for central bank digital currency. CBDCs are a new type of money created by governments, often (but not always) with blockchain technology at their core.
— —

You’ve probably heard about CBDCs.

But that’s not to say you know the first thing about them. A CBDC is a central bank digital currency, a new …

DeFi DeBrief #22: GTX 🤦‍♂️🤦‍♀️

Welcome to issue #22 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

Crypto is pumping
SEC targets Gemini Earn
3AC founders return

 

Onwards 👇

 

TAKE NOTE
Positive signals bring crypto markets back to life 👀
We guess you noticed the crypto pump this week. 

Bitcoin is up 22% and Ethereum is up 18% at …

DeFi 101: What Is A DAO? And How Do They Work?

A decentralised autonomous organisation (DAO) is a member-owned community with no centralised leadership. DAOs create a safe environment for internet strangers to collaborate, alongside enabling them to commit funds to a specific cause.
— —

Building anything meaningful with anyone requires trust. When there’s money involved, the need for trust only deepens.

But how can you trust …

DeFi 101: What Is An NFT?

NFT is short for non-fungible token. Each token represents something unique, meaning you can’t exchange one NFT for another. They often represent digital artwork, collectables, in-game items, domain names, and other digital assets.
——

Non-fungible tokens (NFTs to you and me) hit the spotlight in 2021. 

Their watershed moment came when a digital artwork titled ‘Everydays: The …