An Introduction to Decentralized Finance (DeFi)

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningfagfællebedømt

Decentralized financial applications (DeFi) are a new breed of consumer-facing financial applications composed as smart contracts, deployed on permissionless blockchain technologies. In this article, we situate the DeFi concept in the theoretical context of permissionless blockchain technology and provide a taxonomical overview of agents, incentives and risks. We examine the key market categories and use-cases for DeFi applications today and identify four key risk groups for potential stakeholders contemplating the advantages of decentralized financial applications. We contribute novel insights into a rapidly emerging field, with far-reaching implications for the financial services.
TidsskriftComplex Systems Informatics and Modeling Quarterly
Udgave nummer26
Sider (fra-til)46-54
StatusUdgivet - 2021

ID: 336129865