Stylized Facts of Decentralized Finance (DeFi)

Yuanyuan Zhang, Stephen Chan, Jeffrey Chu, Xin Liao, Helu Min

Research output: Chapter in Book/Conference proceedingChapterpeer-review

Abstract

Decentralized Finance (DeFi) represents an emerging sector within the cryptocurrency space. DeFi is currently one of the most groundbreaking and disruptive technologies impacting upon the centralized finance systems, bringing with it many distinctive features and huge potential. In this chapter, we present stylized facts on DeFi and shed light on the broader empirical features of market efficiency, volatility clustering, leverage effects, and the return volume relationship of this market.
Original languageEnglish
Title of host publication Artificial Intelligence and Beyond for Finance
EditorsMarco Corazza , René Garcia , Faisal Shah Khan , Davide La Torre , Hatem Masri
PublisherWorld Scientific Publishing Co
Pages289-314
Number of pages25
ISBN (Print)9781800615212
Publication statusPublished - 2024

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