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AJIL Unbound
Decentralized finance (DeFi) is an ecosystem of financial applications that are built on top of blockchain networks. DeFi aims to create an open-source, permissionless, and transparent financial system that operates without any central authority. Instead, a smart contract—which is a self-executing contract with the terms of the agreement between transacting parties written into lines of code—replaces financial institutions in the transaction. As a result, DeFi is available to everyone with reliable access to electricity and Internet connectivity. It also serves as a form of non-custodial finance since users maintain full control of their assets and transact through smart contract programs that facilitate peer-to-peer interactions. While DeFi presents huge opportunities, it also poses significant risks to traditional finance ecosystems, including the use of stablecoins and the absence of a know-your-customer framework. This essay argues that for DeFi to secure credibility, it needs t...
Finance and Economics Discussion Series
Decentralized Finance (DeFi): Transformative Potential & Associated RisksDecentralized finance (DeFi) refers to a set of newly emerging financial products and services that operate on decentralized platforms using blockchains to record and share data. DeFi products and services are conducted without a trusted central intermediary such as a bank, and they include payments, lending and borrowing, trading and investments, capital raising (crowdfunding), and insurance. An important innovation that allowed for the development of DeFi was the growth of programming capability on blockchains. This innovation allows for the creation of computer code called smart contracts that can be invoked by users without going through a centralized intermediary. DeFi may pose financial stability risks, that are exacerbated by the fact that both are currently largely outside the prudential regulatory perimeter, which we discuss.
Journal of Innovation Management
DeFi: Decentralized Finance - An Introduction and OverviewDeFi, short for decentralized finance, is a new paradigm that enjoys increasing popularity in the financial world. DeFi posits that financial services should not rely on centralized intermediaries but should be provided by users for users. This is done by deploying software components to a decentralized peer-to-peer system which is grounded on blockchain technology. This introductory text discusses the origins of DeFi and delineates DeFi characteristics from those of traditional finance. Several examples of DeFi applications are given, the disadvantages resulting from this paradigm are discussed, and an outlook is provided.
2024 •
The intricate interplay between the realm of Decentralized Finance (DeFi) and the well-established domain of traditional banking constitutes a captivating narrative of convergence, divergence, and potential collaboration. This paper embarks on a comprehensive exploration of the multifaceted interactions between these two financial landscapes, seeking to decipher whether they are destined for convergence or if their collision is inevitable. Decentralized Finance, or DeFi, represents a paradigm shift in the financial sector. Empowered by blockchain technology and smart contracts, DeFi platforms offer innovative solutions for lending, borrowing, trading, and more. Meanwhile, traditional banking, with its longstanding institutional framework, has served as the cornerstone of financial services. However, the emergence of DeFi has challenged the established norms, questioning the necessity of intermediaries and centralization. The convergence hypothesis suggests a future where DeFi and traditional banking coalesce, fusing the innovation and accessibility of DeFi with the stability and regulatory oversight of traditional banking. This path envisions traditional financial institutions adopting DeFi technologies to streamline operations and enhance efficiency, ultimately benefiting consumers with faster, cheaper, and more inclusive services. Conversely, the collision theory posits that the inherent differences between DeFi and traditional banking-decentralization vs. centralization, innovation vs. regulation-will lead to clashes that hinder harmonious integration. Regulatory challenges, legal uncertainties surrounding smart contracts, and the potential for market disruptions www.scholink.org/ojs/index.php/eprd
International Journal of Computer and Information Engineering
Blockchain for Decentralized Finance: Impact, Challenges and Remediation2023 •
Blockchain technology can allow remote, untrusted parties in the banking and financial sector to reach consensus on the state of databases without the involvement of gatekeepers. Like a bookkeeper, it can manage all financial transactions including payments, settlements, fundraising, securities management, loans, credits and trade finance. It can outperform existing systems in terms of identity verification, asset transfers, peer-to-peer transfers, hedge funds, security and auditability. Blockchain-based decentralized finance (DeFi) is a new financial protocol. Being open and programmable, it enables various DeFi use-cases, including asset management, tokenization, tokenized derivatives, decentralized autonomous organizations, data analysis and valuation, payments, lending and borrowing, insurance, margin trading, prediction market, gambling and yield-farming, etc. In addition, it can ease financial transactions, cash-flow, use of programmable currency, no-loss lotteries, etc. This paper aims to assess the potential of decentralized finance by leveraging the blockchain-enabled Ethereum platform as an alternative to traditional finance. The study also aims to find out the impact of decentralized finance on prediction markets, quadratic funding and crowd-funding, together with the potential challenges and solutions associated with its implementation.
International Journal of Islamic Economics
Decentralizing Finance via Cryptocurrencies, Tokenization of Assets and Peer-to-Peer Platforms2021 •
The motivation behind this research is to direct the focus of DeFi discussion towards more productive outcomes to align to the philosophical foundations of decentralization and self-governance. We examine the tokenization of all types of assets, and how blockchain technology can improve the way we view digital exchange and use digital money. The finance industry is progressing towards innovative solutions, capable of dealing with traditional problems and of increasing efficiency, sustainability and accountability. This progression may also address market failures within the economy.
ICTACT Journal of Soft Computing
CHALLENGES, OPPORTUNITIES AND RISK ANALYSIS OF ADOPTION OF DECENTRALIZED FINANCE APPLICATIONS2023 •
Decentralised Finance or DeFi has emerged as a transformative and disruptive force within the financial industry, offering innovative financial services powered by blockchain technology and smart contracts. This paper provides in-depth knowledge of DeFi, its evolution, applications, and their adoption. It identifies the opportunities brought about by DeFi, comparing it with the traditional CeFi (Centralized Financial) system, including financial inclusion, transparency, and programmable money. It highlights the potential of applications of DeFi for decentralized lending, decentralized exchanges, and yield farming as innovative and promising avenues within the DeFi space. A SWOT analysis comparing DeFi and CeFi was performed to delve into the strengths, weaknesses, opportunities, and threats associated with DeFi. This study explored the intricate challenges and inherent risks involved in the adoption of DeFi applications, offering insights into the hype, fear, and apprehensions among governments and the masses regarding its adoption. The findings offer a nuanced understanding of the current state of DeFi, providing valuable insights for researchers, policymakers, and industry practitioners.
Claiming the People’s Past Populist Politics of History in the Twenty-First Century, edited by Berber Bevernage, Eline Mestdagh, Walderez Ramalho, and Marie-Gabrielle Verbergt
Chris Lorenz, The Role of Emotions in the Construction of Collective Identities in Populism, Nativism, and Ethnic Nationalism.2024 •
In this chapter, I address the role of emotions in populist politics and ask whether the emotions that populism appeals to form a specific set that distinguishes populism from other ideologies or discourses, especially from ethnic nationalism and nativism. In order to answer this first question, I first need to clarify the definitions of populism, ethnic nationalism, and nativism that I adopt. I depart from the well-known definition of populism formulated by Cas Mudde and Cristóbal Kaltwasser and indicate the problems connected with this kind of definition in the light of ethnic nationalism. Then I elucidate the concept of ethnic nationalism and its relationship to populism because at least in Western Europe and in the United States of America (USA) they both appear to be very closely related. In the chapter, I will further focus on this ‘Western’, right-wing brand of populism and only occasionally refer to other varieties. Second, I discuss the concept of nativism and argue why it enables us to explain the connection between the two main characteristics of ‘Western’ populism – that is, its fundamental critique of ‘the (corrupt) elites’ and its fundamental critique of those who do not belong to ‘the people’. Third, after having cleared the strong conceptual and historical interconnections between ‘Western’ populism, nativism, and ethnic nationalism, I analyse the relationship between this type of collective identity and collective emotions. I do so because populist discourse appeals to and formulates specific emotions and specific collective identities. This leads me to the role played by fear versus security, hope versus despair, pride versus shame, and anger versus guilt in the mobilization of collective identities connected to populism, nativism, and ethnic nationalism. It also leads me to the important distinction between ‘hot’ and ‘cold’ identities. Fourth, I go into the question of how the collective emotions typical of populism are connected to time and into the question of whether populism is following a specific narrative template that is different from ethnic nationalism, as Hakkı Taş has suggested. Here, I argue that the basic rise–fall–resurrection temporal trajectory is not only characteristic of populism but is also found in the Christian religion and in ethnic nationalism. Fifth and last, I end with concluding remarks
2023 •
Memory is a coincidence of uncertain explorations and definite authority. It cannot be relied upon, but it is essential to one’s inner life. Efforts to manage this ambivalence have been associated with the art of memory from its ancient origins to contemporary artificial memory. But is the mystery of memory really a problem that can be mastered by external technology? This paper will present Augustine’s Trinitarian ontology of the human soul, which includes memory as a distinctive centre of the inner life. In Augustine’s view, memory is the original encounter with the paternal reality that is the inner principle of filial thought, and therefore cannot be fully reconstructed as a product of an absolutized reason, which Augustine reveals as the ultimate theological and philosophical temptation.
Anuario De Estudios Medievales
Paleografía de la Baja Edad Media castellana1991 •
Освіта осіб з особливими потребами: шляхи розбудови.
ІНКЛЮЗИВНО-РЕСУРСНІ ЦЕНТРИ В УМОВАХ ВІЙНИ: ОКРЕМІ ПИТАННЯ ОСВІТИ ДІТЕЙ З ОСОБЛИВИМИ ПОТРЕБАМИJournal of The American College of Nutrition
The role of albumin in nutritional support1988 •
Archaeological Discovery
Fishtail Projectile Points from South America: The Brazilian Record2015 •
Nusantara Science and Technology Proceedings
Analysis of Property Tax Revenues Before and During the Covid-19 Pandemic in Sukabumi2021 •
Human Factors
Traffic Signal Color Recognition Is a Problem for Both Protan and Deutan Color-Vision Deficients2003 •
Journal of Theoretical Probability
Fractional Backward Stochastic Differential Equations and Fractional Backward Variational Inequalities2013 •
2011 IEEE International Conference on Dielectric Liquids
Review of Kraft paper/natural ester fluid insulation system aging2011 •