Decentralized Finance (DeFi) is a rapidly growing topic which continuously gained in importance in recent times. With its blockchain based foundation and the use of smart contracts it aims to revolutionize the traditional financial system by making centralized intermediaries like banks redundant. The DeFi ecosystem includes stablecoins and Decentralized Applications (DApps) which intend to offer their users better financial services compared to traditional ones. Such financial services include but are not limited to decentralized exchange services, payment services as well as savings and loans services. Thus, DeFi must further eliminate certain risks like smart contract risks, scalability risks, oracle risks and governance risks. Moreover, DeFi needs to tackle the regulatory issues it entails to become mainstream and revolutionize the traditional financial system.
Inhaltsverzeichnis (Table of Contents)
- 1 Introduction
- 1.1 Research problem
- 1.2 Research methodology
- 1.3 Course of investigation
- 2 Theoretical foundations
- 2.1 Traditional finance
- 2.2 Decentralized Finance (DeFi)
- 2.2.1 Definition
- 2.2.2 Foundation
- 2.2.2.1 Blockchain technology
- 2.2.2.2 Smart contracts
- 3 Method
- 3.1 Systematic literature review
- 3.2 Research strategy
- 3.2.1 Sources of data
- 3.2.2 Inclusion and exclusion criteria
- 3.2.3 Search terms and filters
- 3.3 Literature search results
- 3.4 Review of results
- 3.4.1 Abstract review
- 3.4.2 Full text review
- 4 Analysis and discussion
- 4.1 Stablecoins
- 4.2 Decentralized Applications (DApps)
- 4.2.1 Overview
- 4.2.2 Decentralized Exchanges (DEX)
- 4.2.3 Savings and loans
- 4.2.4 Payment service providers
- 4.2.5 Benefits
- 4.3 Elimination of risks
- 4.3.1 Smart contract risks
- 4.3.2 Scalability risks
- 4.3.3 Oracle risks
- 4.3.4 Governance risks
- 4.4 Regulation
- 5 Conclusion
- 5.1 Summary
- 5.2 Critical acclaim
- 5.3 Outlook
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This bachelor thesis aims to explore the potential of Decentralized Finance (DeFi) as a financial revolution. It investigates the fundamentals of DeFi, its underlying technologies, and its potential impact on the traditional financial system. The thesis delves into the key components of the DeFi ecosystem, including stablecoins and Decentralized Applications (DApps), analyzing their functionalities and benefits. Additionally, it examines the challenges and risks associated with DeFi, such as smart contract risks, scalability issues, and governance concerns. The study also explores the regulatory landscape of DeFi and its implications for the future of the financial industry.
- The evolution and functionalities of Decentralized Finance (DeFi)
- The impact of DeFi on the traditional financial system
- The role of blockchain technology and smart contracts in DeFi
- The benefits and challenges of DeFi, including risks and regulatory considerations
- The future of DeFi and its potential to revolutionize the financial landscape
Zusammenfassung der Kapitel (Chapter Summaries)
The thesis begins by introducing the research problem and outlining the research methodology and course of investigation. Chapter 2 delves into the theoretical foundations of traditional finance and Decentralized Finance (DeFi), defining DeFi and explaining its foundation in blockchain technology and smart contracts. Chapter 3 outlines the methodology used for the systematic literature review, detailing the research strategy, sources of data, inclusion and exclusion criteria, and search terms and filters. Chapter 4 analyzes and discusses the key aspects of DeFi, examining stablecoins, Decentralized Applications (DApps), and the benefits and risks associated with the DeFi ecosystem. The chapter also explores the regulatory landscape of DeFi.
Schlüsselwörter (Keywords)
The primary keywords and focus topics of this bachelor thesis are Decentralized Finance (DeFi), smart contracts, blockchain technology, stablecoins, Decentralized Applications (DApps), risk elimination, and financial regulation. These terms represent the core concepts and themes explored throughout the study, examining the potential of DeFi to revolutionize the traditional financial system while addressing the challenges and opportunities associated with this emerging technology.
- Citar trabajo
- Alexander Haack (Autor), 2022, Decentralized Finance (DeFi). A financial revolution?, Múnich, GRIN Verlag, https://www.grin.com/document/1252708
