Description
The advent of distributed ledger technologies presents an opportunity to alleviate some of the issues raised by centralised financial platforms, regardless of their integration of financial technology enhancements. These technologies have the potential to further disrupt the financial service industry by facilitating the transition to a decentralised trading environment, also referred to as decentralised finance (DeFi). DeFi enables the provision of services such as exchanges, lending, derivatives trading, and insurance without the need for a centralised intermediary. This monograph provides an overview of the DeFi ecosystem, with a focus on exchanges, lending protocols, and the decentralised governance structure in place. The monograph also discusses the operational risks inherent in the design of smart contracts and the DeFi ecosystem, and it concludes with remarks and directions for future research.
Book Information
ISBN 9781638282709
Author Agostino Capponi
Format Paperback
Page Count 56
Imprint now publishers Inc
Publisher now publishers Inc
Weight(grams) 97g