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In this paper, we propose a fully decentralized and smart contract-based insurance protocol. We identify various issues in the Decentralized Finance (DeFi) insurance context and propose a solution to overcome these shortcomings. We…

综合金融 · 定量金融 2022-12-21 Matthias Nadler , Felix Bekemeier , Fabian Schär

Decentralized Finance (DeFi) is reshaping traditional finance by enabling direct transactions without intermediaries, creating a rich source of open financial data. Layer 2 (L2) solutions are emerging to enhance the scalability and…

综合经济学 · 经济学 2025-08-11 Nir Chemaya , Lin William Cong , Emma Jorgensen , Dingyue Liu , Luyao Zhang

Blockchain has been increasingly used as a software component to enable decentralisation in software architecture for a variety of applications. Blockchain governance has received considerable attention to ensure the safe and appropriate…

软件工程 · 计算机科学 2022-03-29 Yue Liu , Qinghua Lu , Liming Zhu , Hye-Young Paik , Mark Staples

Smart contracts power decentralized financial (DeFi) services but are vulnerable to security exploits that can lead to significant financial losses. Existing security measures often fail to adequately protect these contracts due to the…

密码学与安全 · 计算机科学 2026-04-22 Zhiyang Chen , Sidi Mohamed Beillahi , Pasha Barahimi , Cyrus Minwalla , Han Du , Andreas Veneris , Fan Long

The exploitation of smart contract vulnerabilities in Decentralized Finance (DeFi) has resulted in financial losses exceeding 3 billion US dollars. Existing defense mechanisms primarily focus on detecting and reacting to adversarial…

密码学与安全 · 计算机科学 2025-04-22 Shoupeng Ren , Lipeng He , Tianyu Tu , Di Wu , Jian Liu , Kui Ren , Chun Chen

Permissionless blockchains offer an information environment where users can interact privately without fear of censorship. Financial services can be programmatically coded via smart contracts to automate transactions without the need for…

综合金融 · 定量金融 2022-12-13 Kanis Saengchote

We introduce the Clockwork Finance Framework (CFF), a general purpose, formal verification framework for mechanized reasoning about the economic security properties of composed decentralized-finance (DeFi) smart contracts. CFF features…

密码学与安全 · 计算机科学 2023-05-22 Kushal Babel , Philip Daian , Mahimna Kelkar , Ari Juels

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…

密码学与安全 · 计算机科学 2025-01-23 Catherine Carpentier-Desjardins , Masarah Paquet-Clouston , Stefan Kitzler , Bernhard Haslhofer

Lending protocols are one of the main applications of Decentralized Finance (DeFi), enabling crypto-assets loan markets with a total value estimated in the tens of billions of dollars. Unlike traditional lending systems, these protocols…

计算机科学与博弈论 · 计算机科学 2025-06-19 Massimo Bartoletti , Enrico Lipparini

Many classical blockchains are known to have an embarrassingly low transaction throughput, down to Bitcoin's notorious seven transactions per second limit.Various proposals and implementations for increasing throughput emerged in the first…

密码学与安全 · 计算机科学 2023-03-08 Lioba Heimbach , Quentin Kniep , Yann Vonlanthen , Roger Wattenhofer

We examine blockchain technologies, especially smart contracts, as a platform for decentralized applications. By providing a basis for consensus, blockchain promises to upend business models that presuppose a central authority. However,…

计算机与社会 · 计算机科学 2018-01-10 Munindar P. Singh , Amit K. Chopra

Blockchain systems come with a promise of decentralization that often stumbles on a roadblock when key decisions about modifying the software codebase need to be made. This is attested by the fact that both of the two major…

密码学与安全 · 计算机科学 2023-01-19 Aggelos Kiayias , Philip Lazos

Smart contracts govern billions of dollars in decentralized finance (DeFi), yet automated vulnerability detection remains challenging because many vulnerabilities are tightly coupled with project-specific business logic. We observe that…

密码学与安全 · 计算机科学 2026-03-30 Ziqiao Kong , Wanxu Xia , Chong Wang , Yi Lu , Pan Li , Shaohua Li , Zong Cao , Yang Liu

Decentralized applications are often composed of multiple interconnected smart contracts. This is especially evident in DeFi, where protocols are heavily intertwined and rely on a variety of basic building blocks such as tokens,…

密码学与安全 · 计算机科学 2025-05-27 Emily Priyadarshini , Massimo Bartoletti

With the agile development process of most academic and corporate entities, designing a robust computational back-end system that can support their ever-changing data needs is a constantly evolving challenge. We propose the implementation…

分布式、并行与集群计算 · 计算机科学 2023-11-07 Conor Flynn , Kristin P. Bennett , John S. Erickson , Aaron Green , Oshani Seneviratne

Decentralized Autonomous Organizations (DAOs) are blockchain-based organizations that facilitate decentralized governance. Today, DAOs not only hold billions of dollars in their treasury but also govern many of the most popular…

密码学与安全 · 计算机科学 2024-08-08 Rainer Feichtinger , Robin Fritsch , Lioba Heimbach , Yann Vonlanthen , Roger Wattenhofer

The rapid growth of Decentralized Finance (DeFi) boosts the Ethereum ecosystem. At the same time, attacks towards DeFi applications (apps) are increasing. However, to the best of our knowledge, existing smart contract vulnerability…

密码学与安全 · 计算机科学 2021-05-03 Siwei Wu , Dabao Wang , Jianting He , Yajin Zhou , Lei Wu , Xingliang Yuan , Qinming He , Kui Ren

As of August 2022, blockchain-based assets boast a combined market capitalisation exceeding one trillion USD, among which the most prominent are the decentralised autonomous organisation (DAO) tokens associated with decentralised finance…

综合经济学 · 经济学 2025-05-08 Teng Andrea Xu , Jiahua Xu , Kristof Lommers

With technological advances and the establishment of e-commerce models, business challenges have shifted to online platforms. The promise of embedding self-executing and autonomous programs into blockchain technologies has attracted…

计算机与社会 · 计算机科学 2022-08-03 Kamal Kishor Singh

Smart contracts, integral to blockchain ecosystems, enable decentralized applications to execute predefined operations without intermediaries. Their ability to enforce trustless interactions has made them a core component of platforms such…

密码学与安全 · 计算机科学 2025-06-10 Mesut Ozdag