What Colour Are the Bricks? Unboxing the DeFi Model - A Literature Survey, Empirical Study and Taxonomy of Decentralized Finance

38 Pages Posted: 16 Feb 2023 Last revised: 17 Feb 2023

See all articles by Patrick Schueffel

Patrick Schueffel

Haute école de gestion (HEG) de Fribourg

Date Written: September 27, 2022

Abstract

Decentralized Finance or DeFi is gaining momentum in the world of banking and finance and beyond. Yet, there is still a paucity of scientific works on decentralized finance and even more scarcity on its underpinning concepts. To address this problem, this work takes stock of the entire body of scientific literature on that topic as well as reflecting on it with a panel of DeFi experts. The result is a comprehensive literature review on DeFi as well as an empirically verified taxonomy of its characteristics, business models and risks and a refined definition of the term DeFi itself.

Keywords: DeFi; Decentralized Finance; DLT; blockchain; digital assets; Fintech

Suggested Citation

Schueffel, Patrick, What Colour Are the Bricks? Unboxing the DeFi Model - A Literature Survey, Empirical Study and Taxonomy of Decentralized Finance (September 27, 2022). Available at SSRN: https://ssrn.com/abstract=4358428

Patrick Schueffel (Contact Author)

Haute école de gestion (HEG) de Fribourg ( email )

Chemin du Musée 4
Fribourg, 1700
Switzerland

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