Understanding Defi: The Roles, Tools, Risks, and Rewards of Decentralized Finance

Decentralized finance (DeFi) is a rapidly growing field in fintech, but the lack of reliable information makes it risky and murky. This book explains DeFi's role in blockchain and finance, compares it to traditional bank-led fintech, and explores the growing array of DApps and platforms. It also provides insights into the risks, benefits, regulatory concerns, and unresolved issues in this nascent and fast-growing industry and assesses the risk level to determine which strategies are most appropriate.

Format: Paperback / softback
Length: 200 pages
Publication date: 15 March 2024
Publisher: O'Reilly Media

Decentralized finance (DeFi) is a rapidly expanding sector within the fintech industry, with its value increasing from $700 million to $100 billion in just three years. However, the lack of accurate information in this field poses significant risks and uncertainties. In this comprehensive guide, experienced securities attorney Alexandra Damsker delves into the role of DeFi in blockchain and finance. This book is particularly valuable for developers seeking to create decentralized applications (DApps), as it provides a comparison between DeFi and traditional bank-led fintech. It explains why DeFi is gaining immense interest and popularity. The book explores the diverse range of DApps and platforms across various categories, highlighting their advantages and disadvantages. It also sheds light on how DeFi tools collaborate from the perspectives of both users and developers. By reading this book, readers will gain a deep understanding of how DeFi integrates with blockchain and fintech, recognize the importance of moving beyond the traditional banking system, explore the tools necessary for building practical and functional DApps, and gain insights into the risks, benefits, regulatory considerations, and unresolved issues in this rapidly evolving industry. Furthermore, the book provides a valuable assessment of individual risk levels to help determine the most suitable strategies for participating in DeFi.

Weight: 390g
Dimension: 176 x 233 x 15 (mm)
ISBN-13: 9781098120764