The financial crisis of 2007–2008 revealed that centralized finance (CeFi), which relies on
large, interconnected financial institutions, is easily destabilized. Since the crisis, significant …

Over the last decade, the green shoots of a new economic order have emerged as
decentralized technologies challenge traditional financial systems. Decentralized finance …

Abstract Decentralized Finance ('DeFi') has gained tremendous momentum over the past
three years by using novel approaches to disintermediating financial institutions in the …

This study provides a comprehensive analysis of Decentralized Finance (DeFi) within the
US economy, focusing on its rise, challenges, and implications. The primary objective is to …

While decentralized finance (DeFi) has the potential to emulate and, indeed, outperform
existing financial systems, it remains a complex phenomenon yet to be extensively …

Decentralized Finance (DeFi) has emerged as a disruptive force in the financial industry,
offering innovative solutions such as smart contracts, decentralized exchanges, and lending …

Abstract Decentralized Finance (DeFi) is the (r) evolutionary movement to create a solely
code-based, intermediary-independent financial system—a movement which has grown …

On a global scale blockchain and Distributed Ledger Technology are deployed to transform
existing centralised financial services. The purported divide between centralised and …

Decentralized finance is financial services offered on a public blockchain over the internet.
This paper reviews the decentralized finance (DeFi) research and development around the …

The financial system has undergone fundamental changes in recent years, with the
appearance of the FinTech sector. 1 New providers have entered the financial markets …