Week 1 Week 1 of 12 Week 12

Week 1: Introduction to DeFi

Overview of decentralized finance, its history, and comparison with traditional finance

Complete
--- ## Learning Objectives
  1. Define DeFi and explain its core principles
  2. Compare DeFi with traditional financial systems
  3. Identify major DeFi protocols and their functions
  4. Understand the value proposition of DeFi
## Topics Covered
What is Decentralized Finance? History and evolution of DeFi DeFi vs Traditional Finance (TradFi) Key characteristics and principles The DeFi ecosystem overview
--- ## Resources --- ## Required Readings
PaperAuthorsYearLink
Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets Schaer 2021 Link
DeFi and the Future of Finance Harvey, Ramachandran, Santoro 2021 Link
--- ## Reading Guide: Reading Guide: DeFi Foundations
2-3 hours DeFi definition and taxonomy Financial infrastructure comparison Economic primitives

Introduction to the foundational academic literature on decentralized finance and its economic implications.

View Reading Guide
--- ## Exercise: Exploring the DeFi Ecosystem
100 Points 2-3 hours easy

Analyze the DeFi ecosystem by exploring TVL data, identifying major protocols, and comparing DeFi with traditional finance.

View Full Exercise
--- ## Discussion & Questions

Join the Conversation

Have questions about this week's material? Want to discuss concepts with fellow students?

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© 2025 Prof. Dr. Joerg Osterrieder | FHGR - University of Applied Sciences of the Grisons