DEVELOPMENT OF CREDIT IN THE DECENTRALIZED FINANCE SYSTEM

Burov P. D.

The article explores the concept of "decentralized finance," highlighted the essence and features of this category. A comparative analysis of the classical and decentralized financial system was carried out. The benefits and risks of decentralized finance have been identified. The areas of use of decentralized finance were investigated: lending, insurance, financial derivatives, asset management. To streamline the types, the classification of crypto assets was carried out according to various criteria: by the connection of the crypto asset with the asset in the real world, by interchangeability, by the areas of use of crypto assets. The main risks of lending in the system of decentralized finance were identified and ways to reduce them were proposed. An improved lending scheme in the decentralized finance system is proposed, based on the introduction of an additional stage of identification of a participant in the decentralized finance market, in order to reduce the risk of non-payment of loans and various financial frauds. The article will be of interest to investors, economists, whose scientific interests are decentralized finance.

Keywords:Decentralized finance, crypto assets, lending, smart contracts.