Management in the field of decentralized finance based on blockchain technologies

Currently, the benefits of decentralization through blockchain technology in the financial sector are actively discussed, but rarely quantified. This article attempts to examine the potential benefits and limitations of blockchain technology in improving governance and performance in digital financial ecosystems. The possibilities of using blockchain technology from traditional financial structures to the creation of new business models operating on blockchain networks and using smart contracts are shown. The impact of decentralization in the management of decentralized autonomous organizations (DAOs) on the financial performance of companies in the field of decentralized finance (DeFi) was assessed. In the process of research, we use the Gini coefficient as an indicator of inequality among token holders. This metric is analyzed in the context of return on investment (ROI) for DeFi companies. The method of linear regression analysis and the rule of interpretation of natural logarithms in regression were used for calculations. This analysis revealed a significant relationship and positive impact of decentralization on the functioning and profitability of organizations in the DeFi field. The resulting relationship indicates that with increasing decentralization in management, the return on invested capital increases. To improve investment attractiveness and long-term stability, DeFi companies should consider fairer ways to allocate tokens so that decentralized governance models based on blockchain and DAO become more profitable. The results and conclusions obtained from the study are based on academic research articles, open data, industry reports and company reports in the DeFi industry.

Авторы
Manakhova I.V. 1, 2 , Kolmykov K.A. 1
Издательство
Санкт-Петербургский государственный университет
Номер выпуска
3
Язык
Русский
Страницы
416-432
Статус
Опубликовано
Том
40
Год
2024
Организации
  • 1 Lomonosov Moscow State Univ, 1 Lenenskie Gory, Moscow 119991, Russia
  • 2 Peoples Friendship Univ Russia, 6 Ul Miklukho Maklaya, Moscow 117198, Russia
Ключевые слова
blockchain; management; decentralized finance; decentralized autonomous organizations
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