RSM2322H: Special Topics in Finance

Blockchain and Decentralized Finance — the course introduces students to the nascent area of decentralized finance, the provision of financial services in decentralized networks, without the default involvement of financial institutions. Blockchain technology allows organizational changes that will change and replace the core operations and infrastructure of the financial industry. We will study how and which financial services that have traditionally been provided by "siloed" institutions can be provided on "decentralized platforms." We will study the functions of these platforms both in terms of the basic technological functionality and the economic mechanisms that drive the interactions on platforms. As part of the content, students will learn about blockchain technology, cryptography, smart contracts, tokens, digital money, oracles, yield farming, decentralized exchanges, blockchain-based borrowing and lending, crypto trading, corporate finance with tokens, decentralized autonomous organizations and their governance, non-fungible tokens, crypto-regulations, stablecoins, and central-bank-issued digital currencies.

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St. George