Pith. sign in

REVIEW 2 cited by

SoK: Decentralized Finance (DeFi)

Not yet reviewed by Pith; the record is open.

Re-run · record.json Download PDF Read on arXiv ↗

This paper has not been read by Pith yet. Machine review is queued; the pith claim, tier, and objections will appear here once it completes.

SPECIMEN: schema-true, not a live event

T0 review · schema-true

One-sentence machine reading of the paper's core claim.

pith:XXXXXXXX · record.json · timestamp

arxiv 2101.08778 v6 pith:5B2G5HXI submitted 2021-01-21 cs.CR econ.GNq-fin.EC

Sam M. Werner , Daniel Perez , Lewis Gudgeon , Ariah Klages-Mundt , Dominik Harz , William J. Knottenbelt This is my paper · ORCID
classification cs.CRecon.GNq-fin.EC
keywords securitydefiecosystemfinancechallengesdecentralizedsystemstypes
verification ladder T0 review T1 audit T2 compute T3 formal

Signed reviews

No signed human review yet.

0 comments
read the original abstract

Decentralized Finance (DeFi), a blockchain powered peer-to-peer financial system, is mushrooming. Two years ago the total value locked in DeFi systems was approximately 700m USD, now, as of April 2022, it stands at around 150bn USD. The frenetic evolution of the ecosystem has created challenges in understanding the basic principles of these systems and their security risks. In this Systematization of Knowledge (SoK) we delineate the DeFi ecosystem along the following axes: its primitives, its operational protocol types and its security. We provide a distinction between technical security, which has a healthy literature, and economic security, which is largely unexplored, connecting the latter with new models and thereby synthesizing insights from computer science, economics and finance. Finally, we outline the open research challenges in the ecosystem across these security types.

Discussion (0). Continue with ORCID to comment.

Forward citations

Cited by 2 Pith papers

Reviewed papers in the Pith corpus that reference this work. Sorted by Pith novelty score. Full citation record

  1. IntraLayer: A Platform of Digital Finance Platforms

    q-fin.GN 2024-12 unverdicted novelty 3.0 of 10

    IntraLayer is a proposed decentralized hub that aggregates data, value, and liquidity across blockchains, but the paper provides only an unsolved framework rather than a working result.

  2. DeFi: Concepts and Ecosystem

    cs.CE 2024-12 conditional novelty 2.0 of 10

    A bibliometric and thematic review of DeFi research shows a shift from technical topics toward sustainability and regulation, with a catalog of ecosystem roles.

Pith tools