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2023\uff09\uff0c\u80ea\u5217\u6709\u5173DeFi\u7684\u6761\u6587\u3002<\/p>\n<p>\u7279\u533a\u653f\u5e9c\u8ba4\u540c\u865a\u62df\u8d44\u4ea7\u7684\u5408\u6cd5\u6027\u53ca\u5176\u5728\u91d1\u878d\u4e1a\u7684\u89d2\u8272\uff0c\u5e76\u6b22\u8fce\u670d\u52a1\u63d0\u4f9b\u5546\u5728\u9999\u6e2f\u843d\u6237\uff0c\u540c\u65f6\u5f3a\u8c03\u8bbe\u7acb\u9002\u65f6\u548c\u5fc5\u8981\u7684\u9632\u8303\u63aa\u65bd\u3002\u9999\u6e2f\u91d1\u878d\u5b66\u9662\u884c\u653f\u603b\u88c1\u51af\u6bb7\u8bfa\u8868\u793a\uff0c\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\u548c\u5143\u5b87\u5b99\u76f8\u5173\u7684\u65b0\u5174\u79d1\u6280\uff0c\u4e0e\u66f4\u5e7f\u6cdb\u7684\u865a\u62df\u8d44\u4ea7\u548cWeb 3.0\u53d1\u5c55\u606f\u606f\u76f8\u5173\uff0c\u6709\u671b\u4e3a\u91d1\u878d\u670d\u52a1\u4e1a\u5e26\u6765\u5404\u79cd\u673a\u9047\u3002\u5e02\u573a\u53c2\u4e0e\u8005\u5219\u8ba4\u4e3a\uff0c\u660e\u786e\u7684\u76d1\u7ba1\u6846\u67b6\u3001\u5f3a\u5927\u7684\u91d1\u878d\u57fa\u7840\u8bbe\u65bd\u548c\u7f51\u7edc\uff0c\u4ee5\u53ca\u5177\u5907\u533a\u5757\u94fe\u76f8\u5173\u6280\u80fd\u7684\u4eba\u624d\uff0c\u5bf9\u4fc3\u8fdb\u672c\u6e2fDeFi\u548c\u865a\u62df\u8d44\u4ea7\u5e02\u573a\u7684\u8fdb\u4e00\u6b65\u53d1\u5c55\u81f3\u5173\u91cd\u8981\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><a id=\"\u6ce8\" name=\"\u6ce8\"><\/a>\u3010\u6ce81\u3011 Hong Kong Institute for Monetary and Financial Research. &#8220;Decentralised Finance: Current Landscape and Regulatory Developments&#8221;. HKIMR Applied Research Report No.1\/2024.<\/p>\n<p><a id=\"\u6ce8\" name=\"\u6ce8\"><\/a>\u3010\u6ce82\u3011 Aramonte, S., Huang, W., &amp; Schrimpf, A. \uff082021\uff09. &#8220;DeFi risks and the decentralisation illusion&#8221;. 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