作者
Stefan Kitzler, Friedhelm Victor, Pietro Saggese, Bernhard Haslhofer
发表日期
2023/3/27
期刊
ACM Transactions on the Web
卷号
17
期号
2
页码范围
1-26
出版商
ACM
简介
We present a measurement study on compositions of Decentralized Finance (DeFi) protocols, which aim to disrupt traditional finance and offer services on top of distributed ledgers, such as Ethereum. Understanding DeFi compositions is of great importance, as they may impact the development of ecosystem interoperability, are increasingly integrated with web technologies, and may introduce risks through complexity. Starting from a dataset of 23 labeled DeFi protocols and 10,663,881 associated Ethereum accounts, we study the interactions of protocols and associated smart contracts. From a network perspective, we find that decentralized exchange (DEX) and lending protocol account nodes have high degree and centrality values, that interactions among protocol nodes primarily occur in a strongly connected component, and that known community detection methods cannot disentangle DeFi protocols. Therefore …
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S Kitzler, F Victor, P Saggese, B Haslhofer - ACM Transactions on the Web, 2023