Decentralized finance (DeFi) is an emerging and rapidly growing financial ecosystem with the defining feature that it is powered by blockchain technology. The focus of this paper is on risks for DeFi protocols that could lead to economic losses that could be insurable. This framework was designed around the risks associated with the existing and emerging DeFi protocols.
Zachary Tirrell, FSA, FIAA
Gwen Weng, FSA, CERA, FCIA
Publication Date: October 2022
Publication Site: Society of Actuaries