- Provides valuable context for finance professionals who need to understand the fast-moving world of DeFi and how to react to it
- Highlights the points of difference, the similarities and integration opportunities with the traditional finance sector
- Analyzes key actors and events in the world of DeFi, including Goldman Sachs' digital innovations, the $69 million sale of Beeple's First 1000 Days, and Visa's recent purchase of a Cryptopunk
- Examines the regulatory situation for DeFi in major countries
- Scrutinizes the range of financial instruments that are available in the DeFi market, how NFTs fit into DeFi, and how collectibles can be financialized
Understanding Decentralized Finance
How DeFi Is Changing the Future of Money
Understand the past, present and future of DeFi to unlock new opportunities, valuable takeaways and gain a competitive advantage in this emerging and rapidly-moving sector.
Key features at a glance
EAN: 9781398609372
Edition: 1
Published:
Format: 235x156
232 pages
About the book
Understanding Decentralized Finance demystifies DeFi, locating the integration points between decentralized and centralized finance to help finance professionals unlock valuable opportunities.
DeFi - the next evolution of cryptocurrency - has brought a new wave of investors into the world of finance. As fintechs and financial institutions seek to integrate with DeFi, this book explores its history, its present context, and its future. It explains the world of DeFi by comparing it to the traditional finance sector, highlighting points of similarity, difference and integration.
Understanding Decentralized Finance explores the technologies underlying the DeFi market and how they differ from those of traditional financial markets. It scrutinizes the difference between centralized and decentralized cryptocurrency exchanges, how NFTs fit into DeFi and how collectibles can be financialized. Readers will also find out how collateralized loans, derivatives, margin trading and liquidity provision work in a world where there is no centralized institution to coordinate these activities - and how regulators in different jurisdictions are ensuring that financial regulations keep up with these innovations.
With examples from key actors in the field, including the movement of luxury organizations like Christie's and Sotheby's into the NFT space and the SushiSwap vampire attack, this is an essential read for anyone working in finance, fintech and technology who needs to understand the fast-moving world of DeFi.
About the authors
Rhian Lewis is a consultant software engineer and former digital journalist at The Times who is a regular international conference speaker and panellist on all things blockchain and cryptocurrency. She launched the altcoin portfolio tracker countmycrypto.com, co-founded the London Women in Bitcoin meetup group in 2014 and has acted as an advisor and strategist on various blockchain projects for the last seven years. She blogs on cryptocurrency and is the author of The Cryptocurrency Revolution (Kogan Page). She is based near Plymouth, the UK.
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