Within just four years, the blockchain-based Decentralized Finance (DeFi) ecosystem has
accumulated a peak total value locked (TVL) of more than 253 billion USD. This surge in …

On 15 September 2022, the Ethereum network adopted a proof-of-stake (PoS) consensus
mechanism. We study the impact on the network and competing platforms in a two month …

Decentralized Autonomous Organizations (DAOs) are blockchain-based organizations that
facilitate decentralized governance. Today, DAOs not only hold billions of dollars in their …

This paper examines DeFi leverage, using wallet-level data on major lending platforms. The
overall leverage typically ranges between 1.4 and 1.9, while the largest and most active …

Lido, the leading Liquid Staking Derivative (LSD) provider on Ethereum, allows users to
stake an arbitrary amount of ETH to receive stETH, which can be integrated with …

Anxiety levels in the Aave community spiked in November 2022 as Avi Eisenberg performed
an attack on Aave. Eisenberg attempted to short the CRV token by using funds borrowed on …

Decentralised finance (DeFi) lending protocols have experienced significant growth
recently, yet the motivations driving investors remain largely unexplored. We use granular …

We study financial contagion in Compound V2, a decentralized lending protocol deployed
on the Ethereum blockchain. We explain how to construct the balance sheets of …

Web3 is reshaping decentralized ecosystems through innovations like Ethereum. Recently,
EIP-4844 is implemented in Ethereum to support its Layer-2 scaling solutions, which …

The supply chain of mining businesses listed on the Indonesia Stock Exchange (IDX) has
declined due to the significant impact brought about by the uncertainty of an increasingly …