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Revolutionizing Finance With Decentralized Finance (DeFi)

Book Chapter

Authors: Vijaya Kittu Manda, Arnold Mashud Abukari, Vivek Gupta, Madavarapu Jhansi Bharathi

Book Name: Decentralizing the Online Experience With Web3 Technologies

ISBN: ISBN13: 9798369315323|EISBN13: 9798369315330

Publisher: IGI Global

Publication Date: March 2024

Pages: 127 - 150

Abstract: Decentralized finance is an innovative use of blockchain technology in financial services. Because of its transparency and lack of intermediaries, it brings several advantages to the traditional finance ecosystem. Features like tokenization, total value locked (TVL), oracles, and data aggregation help in building a variety of DeFi products and services. Decentralized apps (dApps) run autonomously atop distributed ledger networks. Decentralized stablecoins, decentralized exchanges (DEX), decentralized credit and lending, derivates, and even decentralized insurance are offered on DeFi platforms. The chapter takes through three forms of decentralized insurance models. Case studies and examples for successful and unsuccessful claims are explored. However, the implementation of DeFi comes with its challenges and regulatory hurdles. Similarly, governance and security aspects are of increased importance.

Keywords: tokenization, oracle, data aggregation, lossless loans, decentralized exchanges, decentralized insurance, lossless loan

DOI: https://doi.org/10.4018/979-8-3693-1532-3.ch006

Google Scholar Link | Research Gate Link

Application of Extended Bass Approach to Statistical Description of Some Cases of Distributed Finances on Example of Stablecoins
Conference Paper; Springer; Victor Dostov, Pavel Shust & Svetlana Krivoruchko