DecentralizedFinance—A Systematic Literature Review and Research Directions

ArXiv ID: ssrn-4016497 “View on arXiv”

Authors: Unknown

Abstract

Decentralized Finance (DeFi) is the (r)evolutionary movement to create a solely code-based, intermediary-independent financial system—a movement which has grown

Keywords: Decentralized Finance (DeFi), code-based finance, intermediary-independent, Crypto Assets

Complexity vs Empirical Score

• Math Complexity: 0.8/10
• Empirical Rigor: 2.0/10
• Quadrant: Philosophers
• Why: The paper is a systematic literature review that synthesizes existing academic work; it does not present novel mathematical models or algorithms, and its empirical focus is on analyzing prior research methods rather than conducting new data-driven backtests.

  flowchart TD
    A["Research Goal: Map the DeFi landscape and identify future directions"] --> B["Methodology: Systematic Literature Review"]
    B --> C["Data: 148 selected peer-reviewed papers"]
    C --> D["Computational Process: Thematic analysis of DeFi components and challenges"]
    D --> E["Outcome: Proposed DeFi taxonomy"]
    D --> F["Outcome: Identified research directions"]