Blockchain technology is believed by many to be a game changer in many application
domains. While the first generation of blockchain technology (ie, Blockchain 1.0) is almost …

Modern financial markets are characterized by a rapid flow of information, a vast number of
participants having diversified investment horizons, and multiple feedback mechanisms …

Decentralized Finance (DeFi), a blockchain powered peer-to-peer financial system, is
mushrooming. Two years ago the total value locked in DeFi systems was approximately …

Non-Fungible Tokens (NFTs) have emerged as a way to collect digital art as well as an
investment vehicle. Despite having been popularized only recently, NFT markets have …

Blockchains, and specifically smart contracts, have promised to create fair and transparent
trading ecosystems. Unfortunately, we show that this promise has not been met. We …

Blockchain systems have seen much growth in recent years due to the immense potential
attributed to the technology behind these systems. However, this popularity has outlined a …

Decentralized exchanges (DEXs) allow parties to participate in financial markets while
retaining full custody of their funds. However, the transparency of blockchain-based DEX in …

To non-experts, the traditional Centralized Finance (CeFi) ecosystem may seem obscure,
because users are typically not aware of the underlying rules or agreements of financial …

Credit allows a lender to loan out surplus capital to a borrower. In the traditional economy,
credit bears the risk that the borrower may default on its debt, the lender hence requires …

A transaction fee mechanism (TFM) is an essential component of a blockchain protocol.
However, a systematic evaluation of the real-world impact of TFMs is still absent. Using rich …