* Collateralized debt positions
* Pooled collateralized debt markets
* P2P collateralized debt 

Variations of Collateralized Loan Platforms

Loans where the borrower receives, uses, and repays the funds within a single blockchain transaction

Flash loans

These are lending platforms that require neither lender nor borrower to identify themselves, increasing the level of privacy.

New York University

- Asset tokenization
- Decentralized exchange protocols
- Decentralized lending platforms
- Decentralized derivatives
- On-chain asset management 

Key DeFi Terms

Schär, Fabian, Decentralized Finance: On Blockchain- and Smart Contract-based Financial Markets (March 8, 2020). Available at SSRN: https://ssrn.com/abstract=3571335 or http://dx.doi.org/10.2139/ssrn.3571335 



Decentralized Finance: On Blockchain and Smart Contract-based Financial Markets

The process of adding assets to a blockchain ledger. This is done to make assets easier to access and transfer.

Asset tokenization 

These are protocols designed to mitigate issues in centralized exchanges such as the requirement of trust. For example, trade execution occurs automatically through a smart contract rather than through facilitation by a central exchange.

Decentralized exchange protocols

Decentralized lending platforms

These are derivative products where the contract used has multiple independent data sources.

Decentralized derivatives

The management of assets through the blockchain. Unlike traditional asset management, there is no need for a custodian. 

On-chain asset management

Decentralized Autonomous Organizations that offer Bond Services:
- Olympus DAO
- Hector DAO
- FantOHM

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