An Introduction to Decentralized Finance (DeFi)

Research output: Contribution to journal › Journal article › Research › peer-review

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An Introduction to Decentralized Finance (DeFi). / Jensen, Johannes Rude; Von Wachter, Victor; Ross, Omri.

In: Complex Systems Informatics and Modeling Quarterly, Vol. 26, No. 26, 150, 2021, p. 46-54.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Jensen, JR, Von Wachter, V & Ross, O 2021, 'An Introduction to Decentralized Finance (DeFi)', Complex Systems Informatics and Modeling Quarterly, vol. 26, no. 26, 150, pp. 46-54. https://doi.org/10.7250/csimq.2021-26.03

APA

Jensen, J. R., Von Wachter, V., & Ross, O. (2021). An Introduction to Decentralized Finance (DeFi). Complex Systems Informatics and Modeling Quarterly, 26(26), 46-54. [150]. https://doi.org/10.7250/csimq.2021-26.03

Vancouver

Jensen JR, Von Wachter V, Ross O. An Introduction to Decentralized Finance (DeFi). Complex Systems Informatics and Modeling Quarterly. 2021;26(26):46-54. 150. https://doi.org/10.7250/csimq.2021-26.03

Author

Jensen, Johannes Rude ; Von Wachter, Victor ; Ross, Omri. / An Introduction to Decentralized Finance (DeFi). In: Complex Systems Informatics and Modeling Quarterly. 2021 ; Vol. 26, No. 26. pp. 46-54.

Bibtex

@article{224eabf52fb645caa78cdec7f834c043,
title = "An Introduction to Decentralized Finance (DeFi)",
abstract = "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.",
author = "Jensen, {Johannes Rude} and {Von Wachter}, Victor and Omri Ross",
year = "2021",
doi = "10.7250/csimq.2021-26.03",
language = "English",
volume = "26",
pages = "46--54",
journal = "Complex Systems Informatics and Modeling Quarterly",
issn = "2255-9922",
publisher = "Riga Technical University",
number = "26",

}

RIS

TY - JOUR

T1 - An Introduction to Decentralized Finance (DeFi)

AU - Jensen, Johannes Rude

AU - Von Wachter, Victor

AU - Ross, Omri

PY - 2021

Y1 - 2021

N2 - 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.

AB - 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.

U2 - 10.7250/csimq.2021-26.03

DO - 10.7250/csimq.2021-26.03

M3 - Journal article

VL - 26

SP - 46

EP - 54

JO - Complex Systems Informatics and Modeling Quarterly

JF - Complex Systems Informatics and Modeling Quarterly

SN - 2255-9922

IS - 26

M1 - 150

ER -

ID: 336129865