72 citations · 92 across the 4 of their papers we have counts for
3 papers · 1 filter
DeFi Protocols for Loanable Funds: Interest Rates, Liquidity and Market Efficiency
Lewis Gudgeon, Sam M. Werner, Daniel Perez +1
We coin the term *Protocols for Loanable Funds (PLFs)* to refer to protocols which establish distributed ledger-based markets for loanable funds. PLFs are emerging as one of the ma…
Stablecoins 2.0: Economic Foundations and Risk-based Models
Ariah Klages-Mundt, Dominik Harz, Lewis Gudgeon +2
Stablecoins are one of the most widely capitalized type of cryptocurrency. However, their risks vary significantly according to their design and are often poorly understood. We see…
The Decentralized Financial Crisis
Lewis Gudgeon, Daniel Perez, Dominik Harz +2
The Global Financial Crisis of 2008, caused by the accumulation of excessive financial risk, inspired Satoshi Nakamoto to create Bitcoin. Now, more than ten years later, Decentrali…