Decentralized Finance (DeFi): A Survey

Erya Jiang; Bo Qin; Qin Wang; Zhipeng Wang; Qianhong Wu; Jian Weng; Xinyu Li; Chenyang Wang; Yuhang Ding; Yanran Zhang

Paper 2023/1210 Original: eprint.iacr.org/2023/1210 ↗

Decentralized Finance (DeFi): A Survey

Erya Jiang

Bo Qin

Qin Wang

Zhipeng Wang

Qianhong Wu

Jian Weng

Xinyu Li

Chenyang Wang

Yuhang Ding

Yanran Zhang

Abstract

Decentralized Finance (DeFi) is a new paradigm in the creation, distribution, and utilization of financial services via the integration of blockchain technology. Our research conducts a comprehensive introduction and meticulous classification of various DeFi applications. Beyond that, we thoroughly analyze these risks from both technical and economic perspectives, spanning multiple layers. We point out research gaps and revenues, covering technical advancements, innovative economics, and sociology and ecology optimization.

Metadata

Available format(s): PDF
Category: Attacks and cryptanalysis
Publication info: Preprint.
History: 2023-11-30: last updated; 2023-08-10: published
Short URL: https://ia.cr/2023/1210
License: https://creativecommons.org/licenses/by/4.0/

BibTeX

@misc{cryptoeprint:2023/1210,
      author = {Erya Jiang and Bo Qin and Qin Wang and Zhipeng Wang and Qianhong Wu and Jian Weng and Xinyu Li and Chenyang Wang and Yuhang Ding and Yanran Zhang},
      title = {Decentralized Finance (DeFi): A Survey},
      howpublished = {Cryptology {ePrint} Archive, Paper 2023/1210},
      year = {2023},
      url = {https://eprint.iacr.org/2023/1210}
}