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Financial services with no central authority
Decentralized finance provides financial instruments and services through smart contracts on a programmable, permissionless blockchain. This approach reduces the need for intermediaries such as brokerages, exchanges, or banks. DeFi platforms enable users to lend or borrow funds, speculate on asset price movements using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts. The DeFi ecosystem is built on a layered architecture and highly composable building blocks. While some applications offer high interest rates, they carry high risks.
More on Wikipedia ↗CCIP Vault Adapters let DeFi vaults accept deposits from more than 80 blockchains, while 681 LINK transactions worth at least $100,000 were recorded Oct. 8 UTC.
Chainlink released CCIP Vault Adapters, allowing users to deposit funds into DeFi vaults through 80 different blockchains in a step.
Chainlink launches CCIP Vault Adapters to enable cross-chain DeFi deposits across 80+ networks, while the LINK price targets $16.50 as resistance approaches.