17 citations · 29 across the 10 of their papers we have counts for
10 papers
Tracing Stablecoin Contagion during the USDC Depeg after the Silicon Valley Bank Collapse
Krongtum Sankaewtong, Stefan Kitzler, Bernhard Haslhofer +1
The March 2023 collapse of Silicon Valley Bank (SVB) disrupted the core premise of stablecoins, which are digital tokens designed to maintain a fixed value against the U.S. dollar…
DeFi Yield Aggregators: Analysing Investment Strategies and Structural Dependencies
Stefan Kitzler, Kasra Zarinehbaf Asadi, Svetlana Kremer +1
Yield aggregators are financial services in Decentralised Finance (DeFi) providing automated investment management and return optimisation for users. In this study, we investigate…
Modern Portfolio Theory in the Crypto-Wilderness
Ivan Vynyavskyy, Stefan Kitzler, Bernhard Haslhofer +1
Modern Portfolio Theory (MPT) prescribes how to maximise the return of an asset portfolio for a given level of risk. The optimal trade-off between return and variance defines the e…
Slaying the Dragon: The Quest for Democracy in Decentralized Autonomous Organizations (DAOs)
Stefano Balietti, Pietro Saggese, Stefan Kitzler +1
This chapter explores how Decentralized Autonomous Organizations (DAOs), a novel institutional form based on blockchain technology, challenge traditional centralized governance str…
The Economic Impact of DeFi Crime Events on Decentralized Autonomous Organizations (DAOs)
Stefan Kitzler, Masarah Paquet-Clouston, Bernhard Haslhofer
The Decentralized Finance (DeFi) ecosystem has experienced over $10 billion in direct losses due to crime events. Beyond these immediate losses, such events often trigger broader…
Towards Verifiability of Total Value Locked (TVL) in Decentralized Finance
Pietro Saggese, Michael Fröwis, Stefan Kitzler +2
Total Value Locked (TVL) aims to measure the aggregate value of cryptoassets deposited in Decentralized Finance (DeFi) protocols. Although blockchain data is public, the way TVL is…
Investigating Similarities Across Decentralized Financial (DeFi) Services
Junliang Luo, Stefan Kitzler, Pietro Saggese
We explore the adoption of graph representation learning (GRL) algorithms to investigate similarities across services offered by Decentralized Finance (DeFi) protocols. Following e…
Mapping the DeFi crime landscape: an evidence-based picture
Catherine Carpentier-Desjardins, Masarah Paquet-Clouston, Stefan Kitzler +1
Decentralized finance (DeFi) has been the target of numerous profit-driven crimes, but the prevalence and cumulative impact of these crimes have not yet been assessed. This study p…
The Governance of Decentralized Autonomous Organizations: A Study of Contributors' Influence, Networks, and Shifts in Voting Power
Stefan Kitzler, Stefano Balietti, Pietro Saggese +2
We present a study analyzing the voting behavior of contributors, or vested users, in Decentralized Autonomous Organizations (DAOs). We evaluate their involvement in decision-makin…
Disentangling Decentralized Finance (DeFi) Compositions
Stefan Kitzler, Friedhelm Victor, Pietro Saggese +1
We present a measurement study on compositions of Decentralized Finance protocols, which aim to disrupt traditional finance and offer services on top of distributed ledgers, such a…