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Understanding Decentralized Finance: How DeFi Is Changing the Future of Money

Understanding Decentralized Finance: How DeFi Is Changing the Future of Money

Author: Rhian Lewis
Publisher: Kogan Page
ISBN: 9781398609372
Published In: April 2023
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

HKD 389.87

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Understanding Decentralized Finance demystifies DeFi, locating the integration points between decentralised and centralized finance to help finance professionals unlock valuable opportunities.

DeFi - the next evolution of cryptocurrency - has brought a new wave of investors into the world of finance. As fintechs and financial institutions seek to integrate with DeFi, this book explores its history, its present context, and its future. It explains the world of DeFi by comparing it to the traditional finance sector, highlighting points of similarity, difference and integration.

Understanding Decentralized Finance explores the technologies underlying the DeFi market and how they differ from those of traditional financial markets. It scrutinizes the difference between centralized and decentralized cryptocurrency exchanges, how NFTs fit into DeFi and how collectibles can be financialized. Readers will also find out how collateralized loans, derivatives, margin trading and liquidity provision work in a world where there is no centralized institution to coordinate these activities - and how regulators in different jurisdictions are ensuring that financial regulations keep up with these innovations.

With examples from key actors in the field, including the movement of luxury organizations like Christie's and Sotheby's into the NFT space and the SushiSwap vampire attack, this is an essential read for anyone working in finance, fintech and technology who needs to understand the fast-moving world of DeFi.

Chapter - 01: Introduction

Chapter - 02: The current state of financial markets and how they work

Chapter - 03: Overview of DeFi

Chapter - 04: Decentralized Exchanges

Chapter - 05: Decentralized Lending and other financial instruments

Chapter - 06: Risks and challenges

Chapter - 07: What is a DAO?

Chapter - 08: NFTs and DeFi

Chapter - 09: The regulatory environment

Chapter - 10: What the future holds