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Decentralized Finance

In: Global Web3 Eco Innovation

Author

Listed:
  • Jincheng Zheng

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.

Suggested Citation

  • Jincheng Zheng, 2023. "Decentralized Finance," World Scientific Book Chapters, in: Global Web3 Eco Innovation, chapter 4, pages 67-95, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811283680_0004
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    More about this item

    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;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • G2 - Financial Economics - - Financial Institutions and Services

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