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Recently emerging Decentralized Finance (DeFi) takes the promise of cryptocurrencies a step further, leveraging their decentralized networks to transform traditional financial products into trustless and transparent protocols that run…

密码学与安全 · 计算机科学 2021-06-28 Bowen Liu , Pawel Szalachowski , Jianying Zhou

With the rapid development of blockchain technology in recent years, all kinds of blockchain-based applications have emerged. Among them, the decentralized finance (DeFi) is one of the most successful applications, which is regarded as the…

密码学与安全 · 计算机科学 2022-01-10 Yinjie Zhao , Xin Kang , Tieyan Li , Cheng-Kang Chu , Haiguang Wang

This paper presents OVer, a framework designed to automatically analyze the behavior of decentralized finance (DeFi) protocols when subjected to a "skewed" oracle input. OVer firstly performs symbolic analysis on the given contract and…

软件工程 · 计算机科学 2024-01-12 Xun Deng , Sidi Mohamed Beillahi , Cyrus Minwalla , Han Du , Andreas Veneris , Fan Long

Decentralized Finance (DeFi) applications introduce novel financial instruments replicating and extending traditional ones through blockchain-based smart contracts. Among these applications, DeFi derivatives protocols enable the creation…

计算机科学与博弈论 · 计算机科学 2026-05-05 Luca Pennella , Pietro Saggese , Fabio Pinelli , Letterio Galletta

Decentralized Finance (DeFi) services are moving traditional financial operations to the Internet of Value (IOV) by exploiting smart contracts, distributed ledgers, and clever heterogeneous transactions among different protocols. The…

综合经济学 · 经济学 2023-07-18 Teng Andrea Xu , Jiahua Xu

Decentralized finance (DeFi) borrowing and lending platforms are crucial to the decentralized economy, involving two main participants: lenders who provide assets for interest and borrowers who offer collateral exceeding their debt and pay…

计算工程、金融与科学 · 计算机科学 2024-07-16 Mahsa Bastankhah , Viraj Nadkarni , Xuechao Wang , Chi Jin , Sanjeev Kulkarni , Pramod Viswanath

We present a measurement study on compositions of Decentralized Finance protocols, which aim to disrupt traditional finance and offer services on top of distributed ledgers, such as Ethereum. DeFi compositions may impact the development of…

密码学与安全 · 计算机科学 2022-10-03 Stefan Kitzler , Friedhelm Victor , Pietro Saggese , Bernhard Haslhofer

Decentralized Finance (DeFi) is a prominent application of smart contracts, representing a novel financial paradigm in contrast to centralized finance. While DeFi applications are rapidly emerging on mainstream blockchain platforms, their…

软件工程 · 计算机科学 2024-01-12 Wei Ma , Chenguang Zhu , Ye Liu , Xiaofei Xie , Yi Li

DeFi, or Decentralized Finance, is based on a distributed ledger called blockchain technology. Using blockchain, DeFi may customize the execution of predetermined operations between parties. The DeFi system use blockchain technology to…

密码学与安全 · 计算机科学 2023-04-27 Wenkai Li , Jiuyang Bu , Xiaoqi Li , Hongli Peng , Yuanzheng Niu , Yuqing Zhang

Decentralized Finance (DeFi) refers to financial services that are not necessarily related to crypto-currencies. By employing blockchain for security and integrity, DeFi creates new possibilities that attract retail and institution users,…

密码学与安全 · 计算机科学 2024-04-18 Krzysztof Gogol , Christian Killer , Malte Schlosser , Thomas Bocek , Burkhard Stiller , Claudio Tessone

Financial markets are undergoing an unprecedented transformation. Technological advances have brought major improvements to the operations of financial services. While these advances promote improved accessibility and convenience,…

交易与市场微观结构 · 定量金融 2023-12-05 Agostino Capponi , Garud Iyengar , Jay Sethuraman

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

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…

社会与信息网络 · 计算机科学 2024-08-23 Natkamon Tovanich , Célestin Coquidé , Rémy Cazabet

The financial sector's adoption of technology-driven data analysis has enhanced operational efficiency and revenue generation by leveraging personal sensitive data. However, the inherent characteristics of blockchain hinder decentralized…

密码学与安全 · 计算机科学 2023-11-13 Zhuangtong Huang , Jiawei Zhu , Zhongyu Huang , Yixin Xu , Jerome Yen , Ye Wang

Within just four years, the blockchain-based Decentralized Finance (DeFi) ecosystem has accumulated a peak total value locked (TVL) of more than 253 billion USD. This surge in DeFi's popularity has, unfortunately, been accompanied by many…

The limitation with smart contracts is that they cannot access external data which might be required to control the execution of business logic. Oracles can be used to provide external data to smart contracts. An oracle is an interface that…

密码学与安全 · 计算机科学 2020-07-16 Abdeljalil Beniiche

Smart contracts are dependent on oracle systems for their adoption and usability. We perform an empirical study of oracle systems' usage trends and adoption metrics to provide better insight into the health of the smart contract ecosystem.…

分布式、并行与集群计算 · 计算机科学 2021-06-03 Mudabbir Kaleem , Weidong Shi

Decentralized finance (DeFi) applications depend on accurate price oracles to ensure secure transactions, yet these oracles are highly vulnerable to manipulation, enabling attackers to exploit smart contract vulnerabilities for unfair asset…

密码学与安全 · 计算机科学 2025-02-12 Bo Gao , Yuan Wang , Qingsong Wei , Yong Liu , Rick Siow Mong Goh , David Lo

Blockchain has evolved into a platform for decentralized applications, with beneficial properties like high integrity, transparency, and resilience against censorship and tampering. However, blockchains are closed-world systems which do not…

The oracle problem refers to the inability of an agent to know if the information coming from an oracle is authentic and unbiased. In ancient times, philosophers and historians debated on how to evaluate, increase, and secure the…

密码学与安全 · 计算机科学 2026-05-22 Giulio Caldarelli , Massimiliano Ornaghi
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