Decentralized Finance
The Emerald Handbook on Cryptoassets: Investment Opportunities and Challenges
ISBN: 978-1-80455-321-3, eISBN: 978-1-80455-320-6
Publication date: 16 January 2023
Abstract
One aspect of the opportunities and challenges for cryptoassets concerns decentralized finance (DeFi). DeFi is a growing area of cryptoassets that couples blockchain technology, digital assets, and financial services. DeFi is a publicly available system on a decentralized blockchain network, offering financial products and applications. This chapter provides an overview of the DeFi universe that has enormous potential in various industries in the global market. It also discusses the implications of DeFi’s new wave and its applications involving initial coin offerings and stablecoins and specific challenges like the scalability trilemma in DeFi and financial markets.
Keywords
Citation
Pandian, K., Pfeiffer, D. and Qian, S. (2023), "Decentralized Finance", Baker, H.K., Benedetti, H., Nikbakht, E. and Smith, S.S. (Ed.) The Emerald Handbook on Cryptoassets: Investment Opportunities and Challenges, Emerald Publishing Limited, Leeds, pp. 141-156. https://doi.org/10.1108/978-1-80455-320-620221010
Publisher
:Emerald Publishing Limited
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