# Decentralized Finance (DeFi): A Survey

arXiv: https://arxiv.org/abs/2308.05282 · HTML: https://mlsanity.com/paper/2308.05282/

## Key facts

- Cited by 4 papers in the map (data through 14 Oct 2026).
- First posted on arXiv 10 Aug 2023.

## Built on by (most cited first, 4 of 4)

- [SoK: Blockchain-Based Decentralized AI (DeAI)](https://mlsanity.com/paper/2411.17461/) (2024)
- [Logic Meets Magic: LLMs Cracking Smart Contract Vulnerabilities](https://mlsanity.com/paper/2501.07058/) (2025)
- [A Survey of Blockchain, Artificial Intelligence, and Edge Computing for Web 3.0](https://mlsanity.com/paper/2311.13731/) (2023)
- [Slow is Fast! Dissecting Ethereum's Slow Liquidity Drain Scams](https://mlsanity.com/paper/2503.04850/) (2025)

## Abstract (arXiv)

Decentralized Finance (DeFi) is a new paradigm in the creation, distribution, and utilization of financial services via the integration of blockchain technology. Our research conducts a comprehensive introduction and meticulous classification of various DeFi applications. Beyond that, we thoroughly analyze these risks from both technical and economic perspectives, spanning multiple layers. We point out research gaps and revenues, covering technical advancements, innovative economics, and sociology and ecology optimization.