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Decentralized finance (DeFi) in Ethereum is a financial ecosystem built on the blockchain that has locked over 200 billion USD until April 2022. All transaction information is transparent and open when transacting through the DeFi protocol,…

密码学与安全 · 计算机科学 2022-05-20 Wenkai Li , Jiuyang Bu , Xiaoqi Li , Xianyi Chen

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

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

Ethereum's scalability has been a major concern due to its limited transaction throughput and high fees. To address these limitations, Polygon has emerged as a sidechain solution that facilitates asset transfers between Ethereum and…

分布式、并行与集群计算 · 计算机科学 2025-04-23 Tao Yan , Chuanshan Huang , Claudio J. Tessone

Options are fundamental to blockchain-based financial services, offering essential tools for risk management and price speculation, which enhance liquidity, flexibility, and market efficiency in decentralized finance (DeFi). Despite the…

密码学与安全 · 计算机科学 2025-05-27 Zifan Peng , Yingjie Xue , Jingyu Liu

Decentralized financial (DeFi) applications on the Ethereum blockchain are highly interoperable because they share a single state in a deterministic computational environment. Stakeholders can deposit claims on assets, referred to as…

计算机与社会 · 计算机科学 2021-11-30 Victor von Wachter , Johannes Rude Jensen , Omri Ross

Total Value Locked (TVL) aims to measure the aggregate value of cryptoassets deposited in Decentralized Finance (DeFi) protocols. Although blockchain data is public, the way TVL is computed is not well understood. In practice, its…

综合金融 · 定量金融 2025-05-21 Pietro Saggese , Michael Fröwis , Stefan Kitzler , Bernhard Haslhofer , Raphael Auer

Decentralized finance (DeFi) protocols now intermediate over USD 100 billion in value, including regulated stablecoins and tokenized assets deployed as collateral, yet no widely adopted framework operationalizes risk assessment at the rigor…

分布式、并行与集群计算 · 计算机科学 2026-05-07 Eva Oberholzer , Valeriy Zamaraiev

This paper emphasizes the critical role of interoperability in enabling efficient and secure communication for the fragmented distributed ledger ecosystem, particularly within on-chain finance. The purpose of this study is to streamline and…

密码学与安全 · 计算机科学 2026-04-14 Hasret Ozan Sevim

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

Intent-based cross-chain bridges have emerged as an alternative to traditional interoperability protocols by allowing off-chain entities (\emph{solvers}) to immediately fulfill users' orders by fronting their own liquidity. While improving…

密码学与安全 · 计算机科学 2026-02-23 André Augusto , Christof Ferreira Torres , André Vasconcelos , Miguel Correia

Decentralized finance (DeFi) lacks centralized oversight, often resulting in heightened volatility. In contrast, centralized finance (CeFi) offers a more stable environment with institutional safeguards. Institutional backing can play a…

计算金融 · 定量金融 2025-12-23 Ihlas Sovbetov

Credit allows a lender to loan out surplus capital to a borrower. In the traditional economy, credit bears the risk that the borrower may default on its debt, the lender hence requires upfront collateral from the borrower, plus interest fee…

密码学与安全 · 计算机科学 2021-03-23 Kaihua Qin , Liyi Zhou , Benjamin Livshits , Arthur Gervais

Billions of dollars are lost every year in DeFi platforms by transactions exploiting business logic or accounting vulnerabilities. Existing defenses focus on static code analysis, public mempool screening, attacker contract detection, or…

密码学与安全 · 计算机科学 2025-10-21 Abdulrahman Alhaidari , Balaji Palanisamy , Prashant Krishnamurthy

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 \$77 billion. However, detection methods for malicious…

密码学与安全 · 计算机科学 2024-05-21 Wenkai Li , Xiaoqi Li , Yuqing Zhang , Zongwei Li

The advent of smart contracts has enabled the rapid rise of Decentralized Finance (DeFi) on the Ethereum blockchain, offering substantial rewards in financial innovation and inclusivity. This growth, however, is accompanied by significant…

社会与信息网络 · 计算机科学 2026-05-05 Shabnam Fazliani , Mohammad Mowlavi Sorond , Arsalan Masoudifard

Spurred by the emerging blockchain technology and increased interest in tokenization, this forecasting research built on extensive literature and aggregated expertise to explore the potential implementation of blockchain-enabled…

计算机与社会 · 计算机科学 2022-12-02 Yifeng Tian , Chaofeng Wang , Junghoon Woo , Zheng Lu , Peter Adriaens

The trustless nature of permissionless blockchains renders overcollateralization a key safety component relied upon by decentralized finance (DeFi) protocols. Nonetheless, factors such as price volatility may undermine this mechanism. In…

综合金融 · 定量金融 2021-12-14 Daniel Perez , Sam M. Werner , Jiahua Xu , Benjamin Livshits

Decentralized Finance (DeFi), a financial ecosystem without centralized controlling organization, has introduced a new paradigm for lending and borrowing. However, its capital efficiency remains constrained by the inability to effectively…

风险管理 · 定量金融 2025-03-26 Rik Ghosh , Arka Datta , Vidhi Aggarwal , Sudipan Sinha , Rajdeep Sengupta

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