去中心化金融(DeFi):一种新兴的替代金融架构

Econometric Modeling: International Financial Markets - Foreign Exchange eJournal Pub Date : 2021-01-26 DOI:10.2139/ssrn.3791921

Usman W. Chohan

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引用次数: 26

摘要

去中心化金融(DeFi)提供了一种新兴的替代金融架构的承诺，它优先考虑非中介化和去中心化，以根据加密无政府主义原则赋予个人权力。然而，它陷入了相当大的困难，包括市场操纵、扭曲性激励、过度的短期主义、庞氏骗局和洗钱挑战，这些也在很大程度上阻碍了对DeFi的广泛采用。本文在DeFi作为一种非中介和实验性金融实践出现的时候，批判性地评估了许多这些重要方面。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Decentralized Finance (DeFi): An Emergent Alternative Financial Architecture

Decentralized Finance (DeFi) offers the promise of an emergent alternative financial architecture that prioritizes disintermediation and decentralization to empower individuals along cryptoanarchist principles. Yet it is mired in considerable difficulties including market manipulation, distortionary incentives, excess short-termism, Ponzi-schemes, and money-laundering challenges that also foment a considerable level of dissuasion against DeFi’s wider adoption. This paper critically evaluates many of these important facets at a time when DeFi is emerging as a disintermediated and experimental financial praxis.

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Econometric Modeling: International Financial Markets - Foreign Exchange eJournal

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