1、1DeFi and Web3 forOrganizationsA guide to decentralized finance(DeFi)and Web3 for crypto funds,market makers,trading desks,and other organizationsINSIGHT REPORTDeFi and Web3 for Organizations February 2022 Updateby ConsenSyssDeFi and Web3 for Organizations 2OutlineIntroduction 3 DeFi is the Future o

2、f Finance 4The Surge in Institutional Interest 5Institutional Opportunities 8Checklist:Getting Started with Defi and Web3 11 The Challenges of Institutional Engagement12Crypto Custody Solutions 16DeFi and Web3 in 2022:Where are We Now?19Engaging in DeFi and Web3 25Conclusion 28Appendix 29DeFi and We

3、b3 for Organizations 3IntroductionDecentralized finance?DeFi?refers to the shift from traditional,centralized financial systems to peer-to-peer finance enabled by the Ethereum blockchain.In the past eighteen months,weve seen significant traction from decentralized versions of lending and borrowing p

4、latforms,prediction markets,margin trading,payments products,insurance,and more.Notable traction has also been evident across entirely new forms of investment,such as staking and yield farming.The DeFi ecosystem has attracted more than 4M users as well as some of the world?s leading financial instit

5、utions,funds,exchanges,and family offices.Since late 2020,we have seen a Cambrian explosion of innovation in the DeFi ecosystem.The entire financial system is being rebuilt from first principles with more security,transparency and interoperability?in weeks and months rather than years and decades.Wi

6、th radical financial innovation and growth comes radical investment returns and opportunity,leading to more and more institutional capital flooding into this space.The user needs of institutional finance can be mapped using the capital allocation cycle?from research,pre-trade compliance,and best exe