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In this paper, we analyze various Decentralized Finance (DeFi) protocols in terms of their token distributions. We propose an iterative mapping process that allows us to split aggregate token holdings from custodial and escrow contracts and…

General Economics · Economics 2020-12-18 Matthias Nadler , Fabian Schär

Blockchain has empowered computer systems to be more secure using a distributed network. However, the current blockchain design suffers from fairness issues in transaction ordering. Miners are able to reorder transactions to generate…

Cryptography and Security · Computer Science 2025-08-11 Yihang Fu , Zesen Zhuang , Luyao Zhang

Virtualization has become more important since cloud computing is getting more and more popular than before. There is an increasing demand for security among the cloud customers. AMD plans to provide Secure Encrypted Virtualization (SEV)…

Cryptography and Security · Computer Science 2017-12-15 Zhao-Hui Du , Zhiwei Ying , Zhenke Ma , Yufei Mai , Phoebe Wang , Jesse Liu , Jesse Fang

Decentralized Finance (DeFi) is increasingly studied and adopted for its potential to provide accessible and transparent financial services. Analyzing how investors use DeFi is important for reaching a better understanding of their usage…

Social and Information Networks · Computer Science 2024-08-23 Natkamon Tovanich , Célestin Coquidé , Rémy Cazabet

Decentralized finance (DeFi) has been the target of numerous profit-driven crimes, but the prevalence and cumulative impact of these crimes have not yet been assessed. This study provides a comprehensive assessment of profit-driven crimes…

Cryptography and Security · Computer Science 2025-01-23 Catherine Carpentier-Desjardins , Masarah Paquet-Clouston , Stefan Kitzler , Bernhard Haslhofer

The Decentralized Finance (DeFi) ecosystem has experienced over \$10 billion in direct losses due to crime events. Beyond these immediate losses, such events often trigger broader market reactions, including price declines, trading activity…

Computational Engineering, Finance, and Science · Computer Science 2025-10-02 Stefan Kitzler , Masarah Paquet-Clouston , Bernhard Haslhofer

We provide an economic model of Execution Tickets and use it to study the ability of the Ethereum protocol to capture MEV from block construction. We demonstrate that Execution Tickets extract all MEV when all buyers are homogeneous, risk…

Computer Science and Game Theory · Computer Science 2024-08-22 Jonah Burian , Davide Crapis , Fahad Saleh

Decentralized cryptocurrency exchanges offer compelling security benefits over centralized exchanges: users control their funds and avoid the risk of an exchange hack or malicious operator. However, because user assets are fully accessible…

Cryptography and Security · Computer Science 2021-06-22 Robert Annessi , Ethan Fast

This paper examines the feasibility of demand-side cyberattacks on power grids launched via internet-connected high-power EV Charging Stations (EVCSs). By distorting power grid frequency and voltage, these attacks can trigger system-wide…

Systems and Control · Electrical Eng. & Systems 2023-11-13 Samrat Acharya , Hafiz Anwar Ullah Khan , Ramesh Karri , Yury Dvorkin

Decentralized finance (DeFi) has become one of the most successful applications of blockchain and smart contracts. The DeFi ecosystem enables a wide range of crypto-financial activities, while the underlying smart contracts often contain…

Cryptography and Security · Computer Science 2021-04-20 Palina Tolmach , Yi Li , Shang-Wei Lin , Yang Liu

Total value locked (TVL) is widely used to measure the size and popularity of decentralized finance (DeFi). However, TVL can be easily manipulated and inflated through "double counting" activities such as wrapping and leveraging. As…

General Finance · Quantitative Finance 2025-07-08 Yichen Luo , Yebo Feng , Jiahua Xu , Paolo Tasca

We present the first formal treatment of \emph{yield tokenization}, a mechanism that decomposes yield-bearing assets into principal and yield components to facilitate risk transfer and price discovery in decentralized finance (DeFi). We…

Theoretical Economics · Economics 2025-08-07 Viraj Nadkarni , Pramod Viswanath

Quantum cryptographic protocols are typically analysed by assuming that potential opponents can carry out all physical operations, an assumption which grants capabilities far in excess of present technology. Adjusting this assumption to…

Quantum Physics · Physics 2019-05-27 Nedasadat Hosseinidehaj , Nathan Walk , Timothy C. Ralph

Users of decentralized finance (DeFi) applications face significant risks from adversarial actions that manipulate the order of transactions to extract value from users. Such actions -- an adversarial form of what is called…

Cryptography and Security · Computer Science 2024-08-06 Kushal Babel , Nerla Jean-Louis , Yan Ji , Ujval Misra , Mahimna Kelkar , Kosala Yapa Mudiyanselage , Andrew Miller , Ari Juels

Decentralized finance (DeFi) protocols are crypto projects developed on the blockchain to manage digital assets. Attacks on DeFi have been frequent and have resulted in losses exceeding $80 billion. Current tools detect and locate possible…

Cryptography and Security · Computer Science 2025-11-04 Xiaoqi Li , Wenkai Li , Zhiquan Liu , Yuqing Zhang , Yingjie Mao

Decentralized Finance (DeFi) is a new financial industry built on blockchain technologies. Decentralized financial services have consequently increased the ability to lend, borrow, and invest in decentralized investment vehicles, allowing…

Portfolio Management · Quantitative Finance 2022-09-27 Hugo Inzirillo , Stanislas de Quenetain

The ongoing trend of moving data and computation to the cloud is met with concerns regarding privacy and protection of intellectual property. Cloud Service Providers (CSP) must be fully trusted to not tamper with or disclose processed data,…

Cryptography and Security · Computer Science 2021-07-14 Luca Wilke , Jan Wichelmann , Florian Sieck , Thomas Eisenbarth

Latest ARM processors are approaching the computational power of x86 architectures while consuming much less energy. Consequently, supply follows demand with Amazon EC2, Equinix Metal and Microsoft Azure offering ARM-based instances, while…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-05-13 Christian Göttel , Konstantinos Parasyris , Osman Unsal , Pascal Felber , Marcelo Pasin , Valerio Schiavoni

Decentralized Autonomous Organizations (DAOs) run protocol governance by letting token holders vote on proposals. The dominant rule, voting power proportional to wallet balance, concentrates control among a small number of large holders,…

Computer Science and Game Theory · Computer Science 2026-05-20 Austin Bennett , Preston Vander Vos , Duc V. Le , Mira Belenkiy

Decentralized Finance (DeFi) is a new paradigm in the creation, distribution, and utilization of financial services via the integration of blockchain technology. Our research conducts a comprehensive introduction and meticulous…

Cryptography and Security · Computer Science 2023-12-04 Erya Jiang , Bo Qin , Qin Wang , Zhipeng Wang , Qianhong Wu , Jian Weng , Xinyu Li , Chenyang Wang , Yuhang Ding , Yanran Zhang
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