IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/22115_1.html
   My bibliography  Save this book chapter

DeFi: an overview of use cases and a status quo analysis of the ecosystem

In: The Elgar Companion to Decentralized Finance, Digital Assets, and Blockchain Technologies

Author

Listed:
  • Anies Khan
  • Philipp Sandner

Abstract

Decentralized finance (DeFi) is an emerging alternative financial infrastructure to the existing centralized financial system built on top of public and permissionless blockchains. In the last year, DeFi has grown rapidly and is considered one of the hot topics in blockchain. It may offer promising solutions to the key problems inherent in the existing financial system: inefficiency, limited access, opacity, centralized control, and the lack of interoperability. To examine the existing DeFi ecosystem, this paper gives an overview of the current status quo by exploring the existing applications and evaluates the benefits and risks in order to draw a comprehensive picture. Additionally, this paper gives an outlook on DeFi’s potential impact on the existing financial system, opportunities for collaboration, and the hurdles it is facing for widespread adoption.

Suggested Citation

  • Anies Khan & Philipp Sandner, 2024. "DeFi: an overview of use cases and a status quo analysis of the ecosystem," Chapters, in: Henrik Cronqvist & Desiree-Jessica Pely (ed.), The Elgar Companion to Decentralized Finance, Digital Assets, and Blockchain Technologies, chapter 1, pages 5-34, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:22115_1
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/doi/10.4337/9781035307760.00006
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:22115_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.