Can Cryptocurrencies and Crypto-protocols be rigorously analyzed?

Over the past decade the world has witnessed the rapid rise of Cryptocurrencies and Crypto-assets. Yet many financial professionals and students still struggle to confidently engage with these emerging digital instruments. Drawing on deep experience, this book bridges that critical knowledge gap demystifying the design, risks, and economics of Crypto-protocols and their Tokens.

Inside, you'll discover:

• How blockchain ecosystem agents interact with Cryptocurrencies and Crypto-Tokens
• The mechanisms by which Tokens are created, exchanged, stored, and destroyed
• A stable taxonomy of Crypto-Tokens through a traditional finance lens
• How to analyze Token features relevant to valuation, inflation, and property rights
• The connection between Token design and financial or operational risks
• Real-world implementation in major Crypto-protocols
• A practical interpretation of decentralized finance (DeFi)

Designed as both a textbook and a long-term professional reference, this book features over 200 original illustrations and hundreds of up-to-date references. Whether you're a financial advisor, quantitative analyst, auditor, venture capitalist, consultant, regulator, or legal professional, you'll find the principles, tools, and methodology you need for clear, explainable results.

Unlock the world of Crypto with clarity and confidence.

Contains detailed explanations of how notions from traditional Economics carry over to Cryptocurrencies/Crypto-Tokens Features hundreds of illustrations and current references to clarify the usage of Cryptocurrencies and tradable Tokens Demystifies Crypto-Token protocols through detailed case studies of real-world market and Token designs

Autorentext

Ioannis Giannakouros is a financial and regulatory risk consultant looking back at a 25-year career in financial services and risk consulting. Working for international consultancies and based in Zurich, Switzerland, he has advised global clients banks, central banks, insurers/reinsurers, commodity traders, fintechs on financial products and innovation, as well as management of their financial and non-financial (including regulatory) risks. He has been active in Cryptocurrencies, Crypto-Assets and Blockchain since 2015, bringing deep insight at the intersection of traditional finance and digital assets. He holds a PhD in applied & computational mathematics from Princeton University, an LL.M. in banking & finance law from the University of London, and an engineering degree from the National Technical University of Athens.

Klappentext

Can Cryptocurrencies and Crypto-protocols be rigorously analyzed?

Over the past decade the world has witnessed the rapid rise of Cryptocurrencies and Crypto-assets. Yet many financial professionals and students still struggle to confidently engage with these emerging digital instruments. Drawing on deep experience, this book bridges that critical knowledge gap demystifying the design, risks, and economics of Crypto-protocols and their Tokens.

Inside, you'll discover:

• How blockchain ecosystem agents interact with Cryptocurrencies and Crypto-Tokens
• The mechanisms by which Tokens are created, exchanged, stored, and destroyed
• A stable taxonomy of Crypto-Tokens through a traditional finance lens
• How to analyze Token features relevant to valuation, inflation, and property rights
• The connection between Token design and financial or operational risks
• Real-world implementation in major Crypto-protocols
• A practical interpretation of decentralized finance (DeFi)

Designed as both a textbook and a long-term professional reference, this book features over 200 original illustrations and hundreds of up-to-date references. Whether you're a financial advisor, quantitative analyst, auditor, venture capitalist, consultant, regulator, or legal professional, you'll find the principles, tools, and methodology you need for clear, explainable results.

Unlock the world of Crypto with clarity and confidence.

Inhalt

Chapter1: Foundations of Token Ecosystems.- Chapter2: A new paradigm of economic organization.- Chapter3: Economic value creation in Token ecosystems.- Chapter4: Cryptocurrencies and tradable Crypto Tokens.- Chapter5: The need for Token ecosystem design.- Chapter6: Market design.- Chapter7: Case study in Market design Nexus Mutual.- Chapter8: Mechanism design.- Chapter9: Case study in Mechanism design Lido.- Chapter10: Token design.- Chapter11: Case study in Token design Bumper.- Chapter12: Bonding Function design.- Chapter13: Case study in Bonding Function design: Bancor Carbon.- Chapter14: Case study in End to End design Aave.- Chapter15: Cryptocurrencies and Crypto Tokens in short.