Understanding Decentralized Finance How Defi Is Changing the Future of Money.
Understand the past, present and future of DeFi to unlock new opportunities, valuable takeaways and gain a competitive advantage in this emerging and rapidly-moving sector.
Saved in:
| Online Access: |
Full Text (via ProQuest) |
|---|---|
| Main Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
London :
Kogan Page, Limited,
2023.
|
| Subjects: |
Table of Contents:
- Cover
- Contents
- List of figures and tables
- Preface
- Acknowledgements
- Introduction
- Too good to be true?
- What is decentralized finance?
- How the financial system evolved
- Cryptocurrency: the foundational building block of DeFi
- How Bitcoin works
- Ethereum and smart contracts
- Why is decentralization important
- and is it achievable?
- How mainstream are cryptocurrencies and DeFi?
- Legacy banks and institutions move into the space
- The cryptocurrency bear market
- Managing risk within the DeFi system
- References
- Further reading.
- 01 Why DeFi developed and how it works
- Cultural movements and low returns on investment
- Developments that enabled the growth of DeFi
- The NFT boom
- DeFi: finance without a central authority
- Key moments in the evolution of DeFi
- The DeFi summer of 2020
- Beyond Ethereum: other Layer 1 networks
- References
- 02 The current face of retail finance
- Retail customers and their attitude to risk
- Why this book focuses on DeFi for retail customers
- Demographics and retail investment
- The rise of the finfluencer
- The most-used financial services
- Riskier investments.
- Banks or technology companies?
- Fintech × DeFi
- Wallstreetbets, meme stocks and crypto meme culture
- Opportunities and challenges
- References
- 03 Decentralized exchanges: the start of DeFi
- Centralized crypto exchanges
- Hacks and fraud
- The decentralization dream
- Automated market makers and liquidity pools
- 'Pump and dump' tokens
- Forked codebases and vampire attacks
- Non-Ethereum DEXs
- NFT exchanges
- What is a wallet?
- Wrapped Bitcoin
- What else can you do with DeFi?
- References
- 04 Beyond DEXs: other DeFi protocols
- Staking
- Loans.
- Decentralized lending protocols
- Composability
- Gamified savings projects
- Borrowing
- Democratizing finance
- More complex loans
- Derivatives
- Perpetuals
- Options
- Insurance
- Creating your own financial instruments
- Institution-focused initiatives
- Evaluating risk
- Further reading
- 05 Risks and challenges
- Blockchain-specific challenges
- Governance risks
- Insufficient decentralization
- Maximal extractable value and front-running
- Open-source code and its liabilities
- Audits do not offer guarantees
- Hacks, heists and other disasters.
- Knowledge and education challenges
- Risks around technology and integration
- Product challenges
- Systemic risk
- The future of DeFi as an integral part of the financial system
- Insurance, bug bounties and audits
- Conclusion
- References
- Further reading
- 06 DAOs: decentralized autonomous organizations
- What is a DAO and how does it differ from traditional company models?
- The history of DAOs
- Collaboration in pursuit of a common goal
- The 2016 DAO hack and its impact
- DAOs for different purposes
- DeFi DAOs: Uniswap and Compound
- Legal liability and legal standing.