Cryptocurrencies and Decentralized Finance (DeFi)

⚠ The summary and findings below are the editor's working notes, pending verification against the source.

Survey of crypto and DeFi market structure, including the central role of stablecoins as settlement assets.

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Key findings

• Stablecoins are the primary settlement and collateral asset across crypto and DeFi.
• DeFi remains highly interconnected and reliant on a few large stablecoins.

Topics: DeFi & Collateral · Market Structure & Adoption

Cite this

Igor Makarov, Antoinette Schoar (2022). Cryptocurrencies and Decentralized Finance (DeFi) Brookings Papers on Economic Activity (NBER WP 30006).

@techreport{makarov2022cryptoanddefi,
  title = {Cryptocurrencies and Decentralized Finance (DeFi)},
  author = {Igor Makarov and Antoinette Schoar},
  year = {2022},
  institution = {NBER},
  howpublished = {Brookings Papers on Economic Activity (NBER WP 30006)},
  url = {https://www.nber.org/papers/w30006},
  note = {Indexed by Stablecoin Beat},
}

Indexed by Stablecoin Beat — we link to and summarise sources; we do not host copyrighted full text, and summaries are our own.  ·  All research  ·  Methodology