Tag Archives: defi

Decentralized Finance (DeFi) Assurance: Audit Adoption and Capital Market Effects 

By | June 8, 2023

Decentralized Finance (DeFi) represents a growing set of financial services that attempt to replicate key functions of the conventional financial system in an open and decentralized way using blockchain technology. This emerging form of capital markets has become economically meaningful; the Federal Reserve estimated the total value of digital contracts locked in DeFi applications exceeded… Read More »

DeFi’s Decentralization Myth

By | April 17, 2023

Decentralized Finance (“DeFi”) has grown in popularity due to its promise that it will, as its name suggests, disintermediate traditional finance structures. Total Value Locked, which represents all deposits in various DeFi platforms, grew from $1 billion in June 2020 to a peak of almost $200 billion in November 2021. As of April 2023, almost… Read More »

DeFi Common Sense: The Risks of Crypto-backed Lending   

By | March 30, 2023

Decentralized finance (‘DeFi’) through smart contract technology has been touted as a major use case for blockchain technology ever since the launch of the Ethereum blockchain. One area within DeFi that received particular interest from an early stage is secured lending. Yet, in both Commonwealth and UCC jurisdictions, doubts exist over how such assets function… Read More »