Understanding Decentralized Finance (how Defi Is Changing The Future Of Money)

By (author) Lewis, Rhian
Short description/annotation
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.
Description
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.
Table of contents

• • Chapter - 01: Introduction;
  • Chapter - 02: The current state of financial markets and how they work;
  • Chapter - 03: Overview of DeFi;
  • Chapter - 04: Decentralized Exchanges;
  • Chapter - 05: Decentralized Lending and other financial instruments;
  • Chapter - 06: Risks and challenges;
  • Chapter - 07: What is a DAO?;
  • Chapter - 08: NFTs and DeFi;
  • Chapter - 09: The regulatory environment;
  • Chapter - 10: What the future holds

Review quote
"Understanding Decentralized Finance is a comprehensive guide to the world of DeFi. In a space that is fast moving and hard to navigate, Rhian takes the reader by the hand and describes the promise, the evolution and the current state of this emerging technology. A great read for newcomers and degens alike."
Review quote
"Rhian Lewis presents a balanced and informative view that expertly intertwines the evolution of money and markets with these novel, and potentially game changing, set of technologies whilst unravelling and demystifying the lexicon of arcane terminology and acronyms that have followed the hype into the public psyche in recent years."
Review quote
"If you think about the factors stopping DeFi to fulfil its potential, many cite regulation (or lack of regulation) and lack of understanding/knowledge of this space. As it is difficult to control the regulatory part, we can build a deep understanding of what DeFi represents, its components, and the exciting new opportunities it offers - as well as the considerable challenges that occur when the old system collides head-on with the new. I found it exciting that you can boost your knowledge by learning cool concepts such as DeFi mullet, social trading, finfluencer, crypto meme culture and more."
Review quote
"Weaving together concepts, definitions and real-world examples, Rhian Lewis covers the basics of decentralized finance, the realities of today, the hopes of tomorrow, and the potential blocks to the realization of truly decentralized finance