The term decentralized finance (DeFi) refers to an alternative financial infrastructure built on top of the Ethereum blockchain. DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way. This paper highlights...

Zusammenfassung: "This book introduces the reader to cryptocurrencies and blockchain technology. It focuses on Bitcoin, the most popular cryptocurrency, but discusses others such as Ethereum and even includes a short discussion of Libra, Facebook's recently announced crypto offering. Unlike...

The term decentralized finance (DeFi) refers to an alternative financial infrastructure built on top of the Ethereum blockchain. DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way. This article highlights...

This paper addresses the growing concern of shock propagation in crypto asset markets. The integration of conventional Financial institutions (CeFi) and decentralized Financial protocols (DeFi) has introduced a set of complexities that are not adequately accounted for in current models. We build...