Standard
Measuring Asset Composability as a Proxy for DeFi Integration. / von Wachter, Victor; Jensen, Johannes Rude; Ross, Omri.
Financial Cryptography and Data Security. FC 2021 International Workshops - CoDecFin, DeFi, VOTING, and WTSC, Revised Selected Papers. red. / Matthew Bernhard; Andrea Bracciali; Lewis Gudgeon; Thomas Haines; Ariah Klages-Mundt; Shin'ichiro Matsuo; Daniel Perez; Massimiliano Sala; Sam Werner. Springer, 2021. s. 109-114 (Lecture Notes in Computer Science, Bind 12676).
Publikation: Bidrag til bog/antologi/rapport › Konferencebidrag i proceedings › Forskning › fagfællebedømt
Harvard
von Wachter, V, Jensen, JR
& Ross, O 2021,
Measuring Asset Composability as a Proxy for DeFi Integration. i M Bernhard, A Bracciali, L Gudgeon, T Haines, A Klages-Mundt, S Matsuo, D Perez, M Sala & S Werner (red),
Financial Cryptography and Data Security. FC 2021 International Workshops - CoDecFin, DeFi, VOTING, and WTSC, Revised Selected Papers. Springer, Lecture Notes in Computer Science, bind 12676, s. 109-114, 2nd Workshop on Coordination of Decentralized Finance, CoDecFin 2021, 1st Workshop on Decentralized Finance, DeFi 2021, 6th Workshop on Advances in Secure Electronic Voting, VOTING 2021, and 5th Workshop on Trusted Smart Contracts, WTSC 2021, held in conjunction with the 25th International Conference on Financial Cryptography and Data Security, FC 2021, Virtual, Online,
05/03/2021.
https://doi.org/10.1007/978-3-662-63958-0_9
APA
von Wachter, V., Jensen, J. R.
, & Ross, O. (2021).
Measuring Asset Composability as a Proxy for DeFi Integration. I M. Bernhard, A. Bracciali, L. Gudgeon, T. Haines, A. Klages-Mundt, S. Matsuo, D. Perez, M. Sala, & S. Werner (red.),
Financial Cryptography and Data Security. FC 2021 International Workshops - CoDecFin, DeFi, VOTING, and WTSC, Revised Selected Papers (s. 109-114). Springer. Lecture Notes in Computer Science Bind 12676
https://doi.org/10.1007/978-3-662-63958-0_9
Vancouver
von Wachter V, Jensen JR
, Ross O.
Measuring Asset Composability as a Proxy for DeFi Integration. I Bernhard M, Bracciali A, Gudgeon L, Haines T, Klages-Mundt A, Matsuo S, Perez D, Sala M, Werner S, red., Financial Cryptography and Data Security. FC 2021 International Workshops - CoDecFin, DeFi, VOTING, and WTSC, Revised Selected Papers. Springer. 2021. s. 109-114. (Lecture Notes in Computer Science, Bind 12676).
https://doi.org/10.1007/978-3-662-63958-0_9
Author
von Wachter, Victor ; Jensen, Johannes Rude ; Ross, Omri. / Measuring Asset Composability as a Proxy for DeFi Integration. Financial Cryptography and Data Security. FC 2021 International Workshops - CoDecFin, DeFi, VOTING, and WTSC, Revised Selected Papers. red. / Matthew Bernhard ; Andrea Bracciali ; Lewis Gudgeon ; Thomas Haines ; Ariah Klages-Mundt ; Shin'ichiro Matsuo ; Daniel Perez ; Massimiliano Sala ; Sam Werner. Springer, 2021. s. 109-114 (Lecture Notes in Computer Science, Bind 12676).
Bibtex
@inproceedings{f9c091b61e224dd6bbaa7485bfd7d724,
title = "Measuring Asset Composability as a Proxy for DeFi Integration",
abstract = "Decentralized financial (DeFi) applications on the Ethereum blockchain are highly interoperable because they share a single state in a deterministic computational environment. Stakeholders can deposit claims on assets, referred to as {\textquoteleft}liquidity shares{\textquoteright}, across applications producing effects equivalent to rehypothecation in traditional financial systems. We seek to understand the degree to which this practice may contribute to financial integration on Ethereum by examining transactions in {\textquoteleft}composed{\textquoteright} derivatives for the assets DAI, USDC, USDT, ETH and tokenized BTC for the full set of 344.8 million Ethereum transactions computed in 2020. We identify a salient trend for {\textquoteleft}composing{\textquoteright} assets in multiple sequential generations of derivatives and comment on potential systemic implications for the Ethereum network.",
keywords = "Asset composability, Blockchain, DeFi, Integration risks",
author = "{von Wachter}, Victor and Jensen, {Johannes Rude} and Omri Ross",
note = "Publisher Copyright: {\textcopyright} 2021, International Financial Cryptography Association.; 2nd Workshop on Coordination of Decentralized Finance, CoDecFin 2021, 1st Workshop on Decentralized Finance, DeFi 2021, 6th Workshop on Advances in Secure Electronic Voting, VOTING 2021, and 5th Workshop on Trusted Smart Contracts, WTSC 2021, held in conjunction with the 25th International Conference on Financial Cryptography and Data Security, FC 2021 ; Conference date: 05-03-2021 Through 05-03-2021",
year = "2021",
doi = "10.1007/978-3-662-63958-0_9",
language = "English",
isbn = "9783662639573",
series = "Lecture Notes in Computer Science",
publisher = "Springer",
pages = "109--114",
editor = "Matthew Bernhard and Andrea Bracciali and Lewis Gudgeon and Thomas Haines and Ariah Klages-Mundt and Shin'ichiro Matsuo and Daniel Perez and Massimiliano Sala and Sam Werner",
booktitle = "Financial Cryptography and Data Security. FC 2021 International Workshops - CoDecFin, DeFi, VOTING, and WTSC, Revised Selected Papers",
address = "Switzerland",
}
RIS
TY - GEN
T1 - Measuring Asset Composability as a Proxy for DeFi Integration
AU - von Wachter, Victor
AU - Jensen, Johannes Rude
AU - Ross, Omri
N1 - Publisher Copyright:
© 2021, International Financial Cryptography Association.
PY - 2021
Y1 - 2021
N2 - Decentralized financial (DeFi) applications on the Ethereum blockchain are highly interoperable because they share a single state in a deterministic computational environment. Stakeholders can deposit claims on assets, referred to as ‘liquidity shares’, across applications producing effects equivalent to rehypothecation in traditional financial systems. We seek to understand the degree to which this practice may contribute to financial integration on Ethereum by examining transactions in ‘composed’ derivatives for the assets DAI, USDC, USDT, ETH and tokenized BTC for the full set of 344.8 million Ethereum transactions computed in 2020. We identify a salient trend for ‘composing’ assets in multiple sequential generations of derivatives and comment on potential systemic implications for the Ethereum network.
AB - Decentralized financial (DeFi) applications on the Ethereum blockchain are highly interoperable because they share a single state in a deterministic computational environment. Stakeholders can deposit claims on assets, referred to as ‘liquidity shares’, across applications producing effects equivalent to rehypothecation in traditional financial systems. We seek to understand the degree to which this practice may contribute to financial integration on Ethereum by examining transactions in ‘composed’ derivatives for the assets DAI, USDC, USDT, ETH and tokenized BTC for the full set of 344.8 million Ethereum transactions computed in 2020. We identify a salient trend for ‘composing’ assets in multiple sequential generations of derivatives and comment on potential systemic implications for the Ethereum network.
KW - Asset composability
KW - Blockchain
KW - DeFi
KW - Integration risks
U2 - 10.1007/978-3-662-63958-0_9
DO - 10.1007/978-3-662-63958-0_9
M3 - Article in proceedings
AN - SCOPUS:85115875065
SN - 9783662639573
T3 - Lecture Notes in Computer Science
SP - 109
EP - 114
BT - Financial Cryptography and Data Security. FC 2021 International Workshops - CoDecFin, DeFi, VOTING, and WTSC, Revised Selected Papers
A2 - Bernhard, Matthew
A2 - Bracciali, Andrea
A2 - Gudgeon, Lewis
A2 - Haines, Thomas
A2 - Klages-Mundt, Ariah
A2 - Matsuo, Shin'ichiro
A2 - Perez, Daniel
A2 - Sala, Massimiliano
A2 - Werner, Sam
PB - Springer
T2 - 2nd Workshop on Coordination of Decentralized Finance, CoDecFin 2021, 1st Workshop on Decentralized Finance, DeFi 2021, 6th Workshop on Advances in Secure Electronic Voting, VOTING 2021, and 5th Workshop on Trusted Smart Contracts, WTSC 2021, held in conjunction with the 25th International Conference on Financial Cryptography and Data Security, FC 2021
Y2 - 5 March 2021 through 5 March 2021
ER -
