Xu, TA;
Xu, J;
(2023)
A Short Survey on Business Models of Decentralized Finance (DeFi) Protocols.
In:
Lecture Notes in Computer Science.
(pp. pp. 197-206).
Springer Nature
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Abstract
Decentralized Finance (DeFi) services are moving traditional financial operations to the Internet of Value (IOV) by exploiting smart contracts, distributed ledgers, and transactions among different protocols. The exponential increase of the Total Value Locked (TVL) in DeFi foreshadows a bright future for automated money transfers in a plethora of services. In this short survey paper, we describe the business models of various DeFi protocol types—namely, Protocols for Loanable Funds (PLFs), Decentralized Exchanges (DEXs), and Yield Aggregators. We then abstract and compare the general business models of those protocol types. Finally, we provide open research challenges that will involve different domains such as economics, finance, and computer science.
| Type: | Proceedings paper |
|---|---|
| Title: | A Short Survey on Business Models of Decentralized Finance (DeFi) Protocols |
| Event: | Financial Cryptography and Data Security. FC 2022 International Workshops |
| ISBN-13: | 978-3-031-32415-4 |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1007/978-3-031-32415-4_13 |
| Publisher version: | https://doi.org/10.1007/978-3-031-32415-4_13 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher's terms and conditions. |
| Keywords: | Decentralized Finance, Value Investing, Blockchain |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Computer Science |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10178663 |
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