Furkan Danisman - Latest

• DeFi Lending: Returns, Leverage, and Liquidation Risk

  Staff analytical paper 2026-13 Jonathan Chiu, Furkan Danisman

  DeFi lending with proper governance is operationally viable, but it also faces constraints related to capital efficiency, liquidation risk, and systemic fragility within the crypto ecosystem.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E5, E50, E58 Research Theme(s): Money and payments, Digital assets and fintech, Payment and financial market infrastructures