Decentralized Finance

Jincheng Zheng

Chapter 4 in Global Web3 Eco Innovation, 2023, pp 67-95 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Decentralized finance (DeFi) is an open global financial system in the Web 3.0 era. It enables users to manage financial assets without tedious procedures and control of third parties. Users can borrow, swap, and generate interest through DeFi to improve capital efficiency. DeFi is the first large-scale application of blockchain.

Keywords: Web3; Metaverse; Decentralized Finance (DeFi); Non-Fungible Token (NFT); GameFi; Infrastructure; Digital Assets; Blockchain; Decentralized Applications (DApp); Financial Technology; Cryptocurrency; Financial Inclusion; Digital Economy; Digital Transformation; Robo Advisory; Financial Regulation (search for similar items in EconPapers)
JEL-codes: G2 O32 O33 (search for similar items in EconPapers)
Date: 2023
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