This is a chapter from the Token Economy book series. All subchapters are collapsed under their subchapter headings to make the page more readable. Find copyright information on this text and about the book an the end of the page.
<aside> 🦚 Token exchanges offer a marketplace where buyers and sellers of tokens can meet and exchange one token type for another. While they are important players in this new token economy, they are still predominantly operated by centralized institutions, which makes them vulnerable to hacks, mismanagement, or censorship. Decentralized exchanges try to mitigate these risks by using public blockchain networks as their execution layer. They have introduced novel forms of technical swapping mechanisms as well as new market mechanisms.
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1.8 Tokenized Credit & Lending
<aside> 📖 This is an excerpt from the book “Token Economy: Money, NFTs & DeFi”
RIGHTS Copyleft 2023, Shermin Voshmgir Creative Commons CC-BY-NC-SA
NON-COMMERCIAL USE This license only allows reusers to distribute, remix, adapt, and build upon the material in any medium or format for noncommercial purposes only, so long as attribution is given to the creator. If you remix, adapt, or build upon the material, you must license the modified material under identical terms.
COMMERCIAL USE For commercial use contact: [email protected]
BibTeX @book{title={Token Economy: Money, NFTs & DeFi}, author={Voshmgir, Shermin}, year={2023}, publisher={Token Kitchen} }
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