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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title A taxonomy for Decentralized Finance
Organization Unit
Authors
  • Thomas Puschmann
  • Marine Huang-Sui
Language
  • English
Series Name SSRN
Number 4360067
ISSN 1556-5068
Number of Pages 23
Date 2023
Abstract Text Decentralized Finance (‘DeFi’) has gained tremendous momentum over the past three years by using novel approaches to disintermediating financial institutions in the provision of financial services. However, empirical research in this field is still rare and a more comprehensive understanding of the domain is a missing component in academic research. This paper develops a taxonomy based on a comprehensive literature analysis to structure this emerging field systematically. The application of the taxonomy to 278 DeFi start-ups reveals that most of the DeFi start-ups focus on Ethereum (36.3%) and have a focus on analytics and automation (52%), while only a few incorporate decentralized governance approaches (3.3%), provide decentralized exchanges (14%) or integrate off-chain data.
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Digital Object Identifier 10.2139/ssrn.4360067
Other Identification Number merlin-id:22854
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Keywords Decentralized Finance, DeFi, dapps, taxonomy, blockchain