Ethereum Foundation Boosts DeFi Growth with Defipunk Initiative

The Ethereum Foundation has launched a new initiative aimed at strengthening decentralized finance (DeFi) on its network.

At the heart of this project is the Defipunk approach, which seeks to build financial infrastructure that is truly permissionless, private, secure, and fully open-source.

This means enabling anyone, anywhere, to save, borrow, hedge risk, or make payments without relying on big companies like banks or large corporations.

The key areas of focus include developing more secure price oracles, enhancing privacy loans to reduce unfair liquidations, and integrating artificial intelligence (AI) to strengthen system security.