Mapping DeFi projects of Ethereum blockchain

Decentralized finance (DeFi) is a nascent field that recently gained a lot of media attention. DeFi refers to financial service applications that are operated on blockchain technologies such as Ethereum. Such financial service applications include lending and borrowing, leveraged trading, asset management, insurance, and many new products and services that come out every day. These applications are currently active, and more than $10 billion has been circulating in the DeFi ecosystem. Thus the market for DeFi is real. The interoperability of smart contracts also made it possible to build “money lego,” where the user could chain together DeFi smart contract operations and perform advanced actions such as no-collateral flash loans. This study aims to survey the existing DeFi applications, establish a taxonomy of DeFi applications, and build a foundation for a follow-up study on DeFi. Due to the interdisciplinary nature of DeFi, the research output will help scholars from other academic disciplines to navigate the arcane DeFi application ecosystem.

Faculty Supervisor:

Zehua Wang

Student:

Dingan Chen

Partner:

AquaNow

Discipline:

Other

Sector:

Professional, scientific and technical services

University:

University of British Columbia