Author : Alexander Haack
Publisher : GRIN Verlag
ISBN 13 : 3346686191
Total Pages : 51 pages
Book Rating : 4.90/5 ( download)
Book Synopsis Decentralized Finance (DeFi). A financial revolution? by : Alexander Haack
Download or read book Decentralized Finance (DeFi). A financial revolution? written by Alexander Haack and published by GRIN Verlag. This book was released on 2022-08-02 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2022 in the subject Economics - Finance, grade: 1,3, Hamburg University of Applied Sciences, course: International Management, language: English, abstract: Decentralized Finance (DeFi) is a rapidly growing topic which continuously gained in importance in recent times. With its blockchain based foundation and the use of smart contracts it aims to revolutionize the traditional financial system by making centralized intermediaries like banks redundant. The DeFi ecosystem includes stablecoins and Decentralized Applications (DApps) which intend to offer their users better financial services compared to traditional ones. Such financial services include but are not limited to decentralized exchange services, payment services as well as savings and loans services. Thus, DeFi must further eliminate certain risks like smart contract risks, scalability risks, oracle risks and governance risks. Moreover, DeFi needs to tackle the regulatory issues it entails to become mainstream and revolutionize the traditional financial system.