DeFi: Decentralized Finance - An Introduction and Overview

Schueffel, Patrick

doi:10.24840/2183-0606_009.003_0001

Cited by 46 publications

(33 citation statements)

References 9 publications

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“…Regulatory ambiguity plagues the DeFi ecosystem. DeFi platforms are borderless and decentralized, presenting significant global regulatory issues for policymakers and regulators (Schueffel, 2021). Decentralized financial operations are hampered by a lack of defined standards and regulatory frameworks, which deters institutional investors and traditional financial institutions from adopting DeFi (Ozili, 2023).…”

Section: Statement Of the Problemmentioning

confidence: 99%

<strong>The Rise of DeFi: Transforming Traditional Finance with Blockchain Innovation</strong>

Ahmed

2024

Preprint

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The emergence of decentralized finance (DeFi) signifies a fundamental change in the financial sector, utilizing blockchain technology to revolutionize conventional financial structures. This study aims to investigate the development, underlying principles, and practical applications of DeFi while analyzing the regulatory factors, upcoming patterns, and policy consequences. This study employs a thorough research methodology encompassing a literature review and case studies to examine the fundamental elements, uses, and instances of success in DeFi. It emphasizes the potential for transformation and the obstacles it faces. The study identified legal ambiguity, difficulties in achieving scale, and constraints related to compliance as primary concerns for policymakers. The fundamental discoveries encompass the pivotal function of blockchain technology in facilitating DeFi platforms, the tangible implementations of DeFi in lending, borrowing, and trading, and the necessity for clear regulations and global cooperation. The policy implications encompass the significance of maintaining a balance between innovation and compliance, promoting international collaboration, and prioritizing consumer protection measures. In summary, this study enhances our comprehension of the emergence of DeFi and its consequences for conventional finance. It offers valuable insights for policymakers, industry participants, and scholars in effectively navigating the changing realm of decentralized finance.

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Section: Statement Of the Problemmentioning

confidence: 99%

<strong>The Rise of DeFi: Transforming Traditional Finance with Blockchain Innovation</strong>

Ahmed

2024

Preprint

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“…The total value of the assets locked in DeFi applications (TVL) increased from $675 million at the beginning of 2020 to more than $40 billion by the end of the first quarter of the following year due to a sharp rise in their popularity. Patrick Schueffel, 2021 [5] explained that decentralized finance, or "DeFi," is completely dominating the Fintech industry. True open innovation encourages a dispersed innovation process that permits managed information transfer across organizational boundaries (Chesbrough, Vanhaverbeke, &West, 2014).…”

Section: IImentioning

confidence: 99%

Decentralized Finance: A Review of the Current Landscape and Future Opportunities

John¹,

Yadav²,

Soni³

2023

IJRASET

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Decentralized finance (DeFi) is an ever-growing sector of the cryptocurrency and blockchain industry. Decentralized finance is aiming to transfigure the classical and traditional financial systems and modernize and innovate the old and rusty financial systems which regulate the centralized banks controlled by the governments of their respective countries. Decentralized finance provides a system that aims to penetrate all classes of society across the board to build an inclusive society regardless of background, race, or location. This research paper aims to provide a comprehensive outline of the present DeFi topography, including its history, major players, and significant applications. Additionally, the paper aims to explore the potential of DeFi and the challenges facing the DeFi industry to be brought into the mainstream of society averting the reluctance among a huge percentage of the skeptical population. This research paper also provides an overview of the problems associated with DeFi and their potential solutions.

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“…El ecosistema blockchain ha dado lugar a todo un ecosistema DeFi (finanzas descentralizadas), que ofrece servicios financieros transparentes sin intermediarios (Caldarelli y Ellul 2021;Grassi et al 2022). DeFi implica que los usuarios se prestan servicios financieros entre sí a través de un sistema descentralizado entre pares en la blockchain (Schueffel 2021). Los protocolos y plataformas DeFi son nuevos desarrollos tecnológicos ampliamente debatidos en las finanzas mundiales, caracterizados por la falta de confianza y la transparencia (Zetzsche et al 2020;Caldarelli y Ellul 2021).…”

Section: Introductionunclassified

Evaluación de los factores determinantes de las valoraciones de los protocolos DeFi: Un análisis cuantitativo

Metelski,

Sobieraj

2024

JASCS

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DeFi: Decentralized Finance - An Introduction and Overview

Cited by 46 publications

References 9 publications

<strong>The Rise of DeFi: Transforming Traditional Finance with Blockchain Innovation</strong>

<strong>The Rise of DeFi: Transforming Traditional Finance with Blockchain Innovation</strong>

Decentralized Finance: A Review of the Current Landscape and Future Opportunities

Evaluación de los factores determinantes de las valoraciones de los protocolos DeFi: Un análisis cuantitativo

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