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2024 | OriginalPaper | Buchkapitel

11. Exploring DeFi: Foundations, Applications, and Challenges

verfasst von : Rameez Yousuf, Zubair Jeelani, Owais Bhat, Javaid Iqbal Bhat

Erschienen in: Intelligent Signal Processing and RF Energy Harvesting for State of art 5G and B5G Networks

Verlag: Springer Nature Singapore

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Abstract

Decentralized finance (DeFi) is a rapidly growing area of the blockchain and cryptocurrency space that enables the creation of financial applications and services on top of the decentralized infrastructure. This research paper explores the current state of DeFi, including its key features and benefits, as well as the challenges and risks associated with its implementation. The paper also examines various DeFi use cases, such as lending, borrowing, and trading, and analyzes the impact of DeFi on traditional financial institutions and the broader financial ecosystem. Additionally, the paper discusses the potential of DeFi to promote financial inclusion and democratize access to financial services. The paper includes a thorough review of existing literature on DeFi and its various applications, such as decentralized exchanges, lending and borrowing platforms, stablecoins, and more. Additionally, the paper discusses the risks and limitations associated with DeFi, including security concerns, lack of regulation, and scalability issues. Finally, the paper concludes by highlighting the future directions and opportunities for research in DeFi and its potential impact on the financial industry.

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Titel: Exploring DeFi: Foundations, Applications, and Challenges
verfasst von: Rameez Yousuf
Zubair Jeelani
Owais Bhat
Javaid Iqbal Bhat
Verlag: Springer Nature Singapore
Buch: Intelligent Signal Processing and RF Energy Harvesting for State of art 5G and B5G Networks
Print ISBN: 978-981-9987-70-2

Electronic ISBN: 978-981-9987-71-9

Copyright-Jahr: 2024
DOI: https://doi.org/10.1007/978-981-99-8771-9_11

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