Industry Reports

The DeFi Series — An overview of the ecosystem and major protocols

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This article by Althio introduces the overall DeFi landscape and shares knowledge collected around several major protocols. Althio touches on the overlap of user base between Maker and Compound, and offers additional research on user base and systematic risks.

Introduction
For the past few months, various projects have blossomed in decentralized finance space on Ethereum. Quoted from The Block, below is the landscape picturing the DeFi ecosystem. The most trending protocols fall into exchanges & liquidity, derivatives, prediction markets, stablecoins and credit & lending categories. We will dive into examples for each of them later in this article.

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