Understanding DeFi through the lens of a production-network model / by Jonathan Chiu, Thorsten Koeppl, Hanna Yu and Shengxing Zhang.: FB3-5/2023-42E-PDF
"Decentralized finance (DeFi) is composed of a variety of heterogeneous sectors that are interconnected through an input-output network of its tokens. We first use a panel data set to empirically document the evolution of the DeFi network across its different sectors. Instead of looking at the misleading measure of total value locked, we then employ a standard, theoretical production-network model to measure the value added and service outputs of the different DeFi sectors. Finally, based on a calibrated version of our model, we study which factors drive DeFi token prices and predict the equilibrium effects when network interconnectedness increases"--Abstract.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.927604&sl=0
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| Title | Understanding DeFi through the lens of a production-network model / by Jonathan Chiu, Thorsten Koeppl, Hanna Yu and Shengxing Zhang. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
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| Description | 1 online resource (ii, 36 pages) : charts. |
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