An Overview on Decentralized Finance (DeFI) and Its Current Status in Türkiye

“Ödemeler Alanına İlişkin Basın Duyurusu”, TCMB 2021-17 (April 16, 2021), https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Announcements/Press+Releases/2021/ANO2021-40 last accessed 29.08.2023.

“Statement,” SEC Emblem, November 9, 2021, https://www.sec.gov/news/statement/crenshaw-defi-20211109 last accessed 18.06.2023.

“The Future of Defi: What to Expect in 2023,” Fluid (May 10, 2023), https://www.fluid.finance/news-detail/the-future-of-defi-what-to-expect-in-2023/ last accessed 18.06.2023.

“Türkiye Fintek Rehberi”, T.C. Cumhurbaşkanlığı Finans Ofisi (2023), https://www.cbfo.gov.tr/turkiye-fintek-rehberi-web last accessed 29.08.2023.

Andrei Dragoş Popescu, “Decentralized Finance (DEFI) – The Lego of Finance,” Social Sciences and Education Research Review (July, 2020), https://portal.issn.org/resource/issn/2393-1264 last accessed 19.06.2023.

Asli Demirguc-Kunt et al., “Global Findex Database 2017,” Open Knowledge Repository, https://openknowledge.worldbank.org/handle/10986/29510 last accessed 18.06.2023.

Bhabendu Kumar Mohanta, Soumyashree S Panda, and Debasish Jena, “An Overview of Smart Contract and Use Cases in Blockchain Technology,” 2018 9th International Conference on Computing, Communication and Networking Technologies (ICCCNT) (2018), https://doi.org/10.1109/icccnt.2018.8494045 last accessed 18.06.2023.

Carter Hoffman, “What Is Defi and Why Is Everyone Talking about It?” Trade Finance Global (December 13, 2022), https://www.tradefinanceglobal.com/posts/what-is-defi-decentralized-finance/ last accessed 18.06.2023.

Dabao Wang et al., “Towards a First Step to Understand Flash Loan and Its Applications in Defi Ecosystem: Proceedings of the Ninth International Workshop on Security in Blockchain and Cloud Computing,” ACM Conferences (May 1, 2021), https://dl.acm.org/doi/pdf/10.1145/3457977.3460301 last accessed 18.06.2023.

Fabian Schär, “Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets,” Review 103, no. 2 (2021), https://doi.org/10.20955/r.103.153-74.

Iwa Salami, “Decentralised Finance: The Case for a Holistic Approach to Regulating the Crypto Industry,” SSRN Electronic Journal, 2020, https://doi.org/10.2139/ssrn.3733647 last accessed 18.06.2023.

Jakub, “History of Defi – from Inception to 2021 and Beyond,” Finematics (April 1, 2021), https://finematics.com/history-of-defi-explained/ last accessed 18.06.2023.

James Manning, “The History of Defi: Mawson,” Mawson Infrastructure Group (July 18, 2022), https://mawsoninc.com/the-history-of-defi/ last accessed 18.06.2023.

Michael Abadha, “Asset Tokenization and Fractional Ownership: The Masses Will Invest in Everything,” InvestingCube (April 17, 2023), https://www.investingcube.com/asset-tokenization-and-fractional-ownership-the-masses-will-invest-in-everything/ last accessed 18.06.2023.

Peterson K. Ozili, “Decentralized Finance Research and Developments around the World,” Journal of Banking and Financial Technology 6, no. 2 (2022): 117–33, https://doi.org/10.1007/s42786-022-00044-x.

Raynor de Best, “Brand share of 25 apps available on Google and Apple for decentralized assets - cryptocurrency, DeFi, NFT, Web3 (metaverse) - in Türkiye as of April 2022” (April. 2022), https://www.statista.com/statistics/1303357/brand-market-share-of-crypto-wallets-in-Türkiye/ last accessed 29.08.2023.

Saulo Dos Santos et al., “A New Era of Blockchain-Powered Decentralized Finance,” in 2022 IEEE 46th Annual Computers, Software, and Applications Conference (COMPSAC) (IEEE, n.d.).Bikramaditya Ghosh, Hayfa Kazouz, and Zaghum Umar, “Do Automated Market Makers in Defi Ecosystem Exhibit Time-Varying Connectedness during Stressed Events?,” Journal of Risk and Financial Management 16, no. 5 (2023): 259, https://doi.org/10.3390/jrfm16050259 last accessed 18.06.2023.

Svetoslav Borisov, “DeFi – Potential, Advantages and Challenges,” Economic Studies (Ikonomicheski Izsledvania) 31, no. 4 (2022): 33–54. https://search.ebscohost.com/login.aspx?direct=true&db=edo&AN=157067185&site=eds-live last accessed 18.06.2023.

Vitalik Buterin, Ethereum: A Next-Generation Smart Contract and Decentralized Application Platform, https://ethereum.org/669c9e2e2027310b6b3cdce6e1c52962/Ethereum_Whitepaper_-_Buterin_2014.pdf last accessed 18.06.2023.