Decentralized Finance (DeFi) : How decentralized applications (dApps) disrupt banking / Cordelia Friesendorf, Alena Blütener.
Friesendorf, Cordelia, author.; Blütener, Alena, author.
2023
HG173 .F75 2023
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Title
Decentralized Finance (DeFi) : How decentralized applications (dApps) disrupt banking / Cordelia Friesendorf, Alena Blütener.
Author
Friesendorf, Cordelia, author.
ISBN
9783031374883 electronic book
3031374886 electronic book
9783031374876
3031374878
DOI
https://doi.org/10.1007/978-3-031-37488-3
Published
Cham, Switzerland : Springer, [2023]
Language
English
Description
1 online resource (x, 111 pages) : illustrations (some color).
Item Number
10.1007/978-3-031-37488-3 doi
Call Number
HG173 .F75 2023
Dewey Decimal Classification
332.1028
Summary
This book explores how decentralized finance (DeFi) can disrupt traditional centralized finance including the business areas of insurance companies, banks, money markets, and bonds. DeFi is not a company or a single product, rather it is a collection of products or services. As part of the Ethereum ecosystem, DeFi services are provided as Decentralized Applications (dApps), which require smart contracts to lock in assets for processing transactions. Changing consumer expectations, the availability of affordable technologies, and entrepreneurial drive create space for DeFi. Geopolitical crises and trust deterioration exacerbate the need. This book explains the concept of DeFi, the technological opportunities, the current reality and status quo of business transactions, and demonstrates the potential for future use and the eventual transformation of the financial industry. It further provides a comprehensive analysis of the real-world applications of DeFi, the Decentralized Ledger Technology (DLT), and digital assets, as well as their potential risks to consumers and financial institutions to bankers, managers, investors, and policymakers.
Access Note
Access limited to authorized users.
Source of Description
Description based on online resource; title from digital title page (viewed on September 28, 2023).
Added Author
Blütener, Alena, author.
Series
Business guides on the go, 2731-4766
Available in Other Form
Print version: 9783031374876
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Intro
Contents
Chapter 1: Decentralized Finance: How dApps Disrupt Banking
1.1 Loss of Trust in Banking
1.1.1 Rethink and Innovation
1.1.2 Democratization of Global Banking
1.1.3 Motivation and Plan of the Book
References
Chapter 2: Centralized Finance
2.1 The Evolution of Banking in Europe
2.2 Trust as a Store of Value
2.3 The Institutionalization of Trust
2.4 Banking License Types
2.4.1 E-Money Licenses
2.4.2 Fintech License
2.4.3 Extended License
2.4.4 Traditional License
2.5 Banking License Criteria
2.5.1 Initial Capital

2.5.2 Business Plan
2.5.3 Requirements for Managing Directors
2.5.4 Requirements for the Holders of Qualifying Holdings
2.6 Bank Categories, Business Models, and Products
2.6.1 Global Banking
2.6.2 Private Banking/Wealth Management
2.6.3 Investment Banking
2.6.4 Retail/Consumer Banking
2.6.5 Corporate Banking
2.6.6 Bulge Brackets
2.6.7 Middle Market
2.6.8 Elite Boutique
2.6.9 Regional or Industry Boutiques
2.7 Banking Competition in Retail Markets
References
Chapter 3: Decentralized Finance: Concept and Characteristics

3.1 Features of Decentralized Finance
3.1.1 Decentralized Applications (dApps)
3.1.2 Total Value Locked
3.1.2.1 Centralized
3.1.2.2 Semi-Decentralized
3.1.2.3 Fully Decentralized
3.1.3 Accessibility and Market Expansion
3.1.4 Remittance Convenience
3.1.5 Security via Transparency
References
Chapter 4: Decentralized Finance: Technical Basis
4.1 Blockchain as Centrifugal Technology
4.1.1 Distributed Ledger Technology
4.1.2 Non-fungible Tokes
4.2 Ethereum's Robust Complementarity
4.2.1 Solidity and Ether
4.2.2 Gas Fee Pricing Model

4.2.3 Decentralized Autonomous Organization
4.3 Smart Contract Efficiency
References
Chapter 5: Decentralized Finance: Categories
5.1 Decentralized Stablecoins
5.2 Decentralized Derivatives
5.2.1 Future
5.2.2 Forwards
5.2.3 Options
5.2.4 Swaps
5.3 Decentralized Payments
5.4 Decentralized Lending and Borrowing
5.5 Decentralized Exchange
5.6 Decentralized Wealth Management
5.7 Decentralized Lotteries
5.8 Decentralized Insurance
References
Chapter 6: Decentralized Finance: Safety and Security
6.1 Financial Risks
6.2 Technology Risks

6.3 Procedural Risks
6.4 Regulatory Risks
References
Chapter 7: Decentralized Finance: Regulation
7.1 Financial Action Task Force (FATF)
7.2 Markets in Crypto Assets
7.3 Environment, Social, and Governance (ESG)
7.4 Regulatory Transformation
References
Chapter 8: Comparison of Centralized and Decentralized Finance
8.1 Criterion-Based Tabular Comparison
8.2 Scope of Differences
References
Chapter 9: Decentralized Finance: Use-Cases
9.1 Decentralized Stablecoins
9.1.1 Custodial Stablecoins
9.1.2 Asset-Backed Stablecoins

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