A New Era of Blockchain-Powered Decentralized Finance (DeFi) - A Review

Santos, Saulo dos; Singh, Japjeet; Thulasiram, Ruppa K.; Kamali, Shahin; Sirico, Louis J.; Loud, Lisa

doi:10.1109/compsac54236.2022.00203

Cited by 27 publications

(15 citation statements)

References 11 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Г. Корраль, Ф. Хав'єр, Х. Кордеро Гарсія дослідили види криптова лют [7]. Одною серед найактуальніших та докладних робіт є доповідь, представлена на 46 й щорічній кон ференції IEEE Computers, Software and Applications Conference, про нові фінансові технології на основі блокчейн, авторами якої є Д. Сантос, Д. Сінгх, Р. Тула сірам, Ш. Камалі, Л. Сіріко, Л. Лауд [8]. Вважаю, що ро боти даних спеціалістів заслуговують уваги.…”

Section: аналіз останніх досліджень і публікаційunclassified

“…Ці цілі полягають у створенні цифрової валюти, альтернативній готівці (Bitcoin, Monero та Bitcoin Cash), у підтримці пла тіжної системи за низькою вартістю (Ripple, Particl та Utility Settlement Coin), у підтримці однорангової торгівлі, шляхом створення токенів (RMG і Maecenas), для полегшення безпечного доступу до товару чи по слуги в одноранговій торгівлі (Golem, Filecoin), а також для підтримки базової платформи чи протоколу (Ether і NEO). Блокчейн є базовою технологією для більшості криптовалют [8].…”

Section: виклад основного матеріалу дослідженняunclassified

See 1 more Smart Citation

Сучасні Тенденції На Ринку Криптовалют В Україні

Глущенко,

Швайко,

Хмельков

et al. 2023

Журнал "Інвестиції: практика та досвід"

View full text Add to dashboard Cite

Section: аналіз останніх досліджень і публікаційunclassified

Section: виклад основного матеріалу дослідженняunclassified

Сучасні Тенденції На Ринку Криптовалют В Україні

Глущенко,

Швайко,

Хмельков

et al. 2023

Журнал "Інвестиції: практика та досвід"

View full text Add to dashboard Cite

“…The market size of the DeFi market 1 is estimated to be over 180 billion USD in late 2021 and 39.6 billion USD in December 2022. The common DeFi applications include decentralized exchanges (DEXs) that allow the exchange of cryptocurrencies, systems enabling locking coins for earning interest, lending systems where cryptocurrencies serve as collateral, and even insurance services [1], [2], [3], [4].…”

Section: Introductionmentioning

confidence: 99%

Allowing Blockchain Loans with Low Collateral

Azoulay,

Carl,

Rottenstreich

2023

2023 IEEE International Conference on Blockchain and Cryptocurrency (ICBC)

View full text Add to dashboard Cite

Collateral is an item of value serving as security for the repayment of a loan. In blockchain-based loans, cryptocurrencies serve as the collateral. The high volatility of cryptocurrencies implies a serious barrier of entry with a common practice that collateral values equal multiple times the value of the loan. As assets serving as collateral are locked, this requirement prevents many candidates from obtaining loans. In this paper, we aim to make loans more accessible by offering loans with lower collateral, while keeping the risk for lenders bound. We propose a credit score based on data recovered from the blockchain to predict how likely a potential borrower is to repay a loan. Our protocol does not risk the initial amount granted by liquidity providers, but only risks part of the interest yield gained from the borrower by the protocol in the past.

show abstract

“…At its core, DeFi is a system where financial products become available on a public decentralized blockchain network, making them open to anyone to use, rather than going through intermediaries like banks or brokerages (dos Santos et al, 2022). Unlike traditional finance, DeFi is characterized by its open-source nature, immutable transactions, and lack of centralized control.…”

mentioning

confidence: 99%

“…The emergence of DeFi can be traced back to the development of blockchain technology and the introduction of Bitcoin in 2008, which laid the foundation for decentralized financial systems. However, it was the launch of Ethereum in 2015, a Turing-complete blockchain that significantly expanded the scope of blockchain-based financial systems beyond simple cryptocurrency transactions (dos Santos et al, 2022). Ethereum's introduction of smart contracts enabled the creation of more complex financial services, such as lending, borrowing, and yield farming, all operating in a trustless environment.…”

mentioning

confidence: 99%

Decentralized Finance (DEFI) in the U. S. economy: A review: Assessing the rise, challenges, and implications of blockchain-driven financial systems.

Olawale Adisa,

Bamidele Segun Ilugbusi,

Ogugua Chimezie Obi

et al. 2024

World J. Adv. Res. Rev.

View full text Add to dashboard Cite

This study provides a comprehensive analysis of Decentralized Finance (DeFi) within the U.S. economy, focusing on its rise, challenges, and implications. The primary objective is to unravel the concept of DeFi, delineate its role in the U.S. financial landscape, and explore its historical evolution from traditional to blockchain-based finance. Employing a systematic literature review and content analysis, the study synthesizes data from academic journals, industry reports, and regulatory publications. The methodology involves a meticulous selection process, adhering to specific inclusion and exclusion criteria to ensure the relevance and quality of the literature. Key findings reveal that DeFi, underpinned by blockchain technology and smart contracts, offers innovative financial services, enhancing inclusivity and efficiency. However, it faces challenges such as regulatory uncertainties, security concerns, and scalability issues. The study highlights the significant impact of DeFi on the U.S. economy, including technological advancements, economic integration, and regulatory shifts. It also underscores the implications for various stakeholders, including investors, institutions, and regulators. The future landscape of DeFi is poised for growth, marked by technological innovations and potential integration with traditional financial systems. The study concludes with recommendations for industry stakeholders and policymakers, emphasizing the need for clear regulatory frameworks, enhanced security protocols, and consumer education. Future research directions include exploring DeFi's integration with emerging technologies and its role in addressing global financial challenges. This study contributes to the academic discourse on DeFi and offers insights for policymakers, investors, and financial institutions navigating this evolving landscape.

show abstract

A New Era of Blockchain-Powered Decentralized Finance (DeFi) - A Review

Cited by 27 publications

References 11 publications

Сучасні Тенденції На Ринку Криптовалют В Україні

Сучасні Тенденції На Ринку Криптовалют В Україні

Allowing Blockchain Loans with Low Collateral

Decentralized Finance (DEFI) in the U. S. economy: A review: Assessing the rise, challenges, and implications of blockchain-driven financial systems.

Contact Info

Product

Resources

About