Paper 2023/1210

Decentralized Finance (DeFi): A Survey

Erya Jiang, Renmin University of China
Bo Qin, Renmin University of China
Qin Wang, University of New South Wales
Zhipeng Wang, Imperial College London
Qianhong Wu, Beihang University
Jian Weng, Jinan University
Xinyu Li, Renmin University of China
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.
Keywords
DeFiBlockchainSecurityEconomicsDApp
Contact author(s)
jiangey2018202191 @ ruc edu cn
bo qin @ ruc edu cn
qinwangtech @ gmail com
zhipeng wang20 @ imperial ac uk
Qianhong wu @ buaa edu cn
cryptjweng @ gmail com
2020202279 @ ruc edu cn
2020201555 @ ruc edu cn
ding9949 @ 163 com
1207146524 @ qq com
History
2023-11-30: revised
2023-08-10: received
See all versions
Short URL
https://ia.cr/2023/1210
License
Creative Commons Attribution
CC BY

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}
}
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