Understanding Defi - Alexandra Damsker - książka wyd. 2024

Opis

Alexandra Damsker, an experienced securities attorney, begins by showing how DeFi has exploded from a niche concept into a financial ecosystem worth over $100 billion in just a few years. She explains how decentralized applications (DApps) and platforms work, comparing them to traditional bank‑led fintech systems, and highlights why DeFi is attracting so much attention. The book explores categories of DeFi tools such as lending, borrowing, trading, and yield farming, while also addressing their benefits and drawbacks. Readers gain insight into how smart contracts enable trustless transactions, how liquidity pools function, and how decentralized exchanges differ from centralized ones.

What makes Understanding DeFi stand out is its balance of technical clarity and legal perspective. Damsker not only explains how DeFi systems operate but also discusses the regulatory challenges, risks of fraud, and the murky areas that investors and developers must navigate. This makes the book especially valuable for those who want to understand both the opportunities and the dangers of decentralized finance.