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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 雷立芬 | zh_TW |
| dc.contributor.advisor | Li-Fen Lei | en |
| dc.contributor.author | 歐陽廷 | zh_TW |
| dc.contributor.author | Ting Ou Yang | en |
| dc.date.accessioned | 2023-08-15T17:35:52Z | - |
| dc.date.available | 2023-11-09 | - |
| dc.date.copyright | 2023-08-15 | - |
| dc.date.issued | 2023 | - |
| dc.date.submitted | 2023-08-04 | - |
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Binance Academy（2018）。什麼是區塊鏈共識演算法？。取自https://academy.binance.com/zt/articles/what-is-a-blockchain-consensus-algorithm （上網日期20230617） Lynn（2017）。比特幣及以太坊vs Visa及Paypal：每秒交易次數。區塊客。取自https://blockcast.it/2017/04/25/bitcoin-and-ethereum-vs-visa-and-paypal-transactions-per-second/ （上網日期20230615） Marco Lee（2020）。科普區塊鏈：在分散與不變的基礎上，建立可信任的激勵機制。The News Lens。取自https://www.thenewslens.com/article/143427 （上網日期20230617） Yeh, I（2020）。小故事｜比特幣 Pizza 日的由來？一個工程師花1萬BTC買披薩(現值30億)。動區動趨BlockTempo。取自https://www.blocktempo.com/bitcoin-pizza-day-event-may-twenty-second/ （上網日期20230615） Beekhuizen, D. (2020, Jan 13). Validated, staking on eth2:#1 – Incentives. Ethereum Foundation. https://blog.ethereum.org/2020/01/13/validated-staking-on-eth2-1-incentives Buterin, V. (2013). Ethereum white paper. GitHub repository, 1, 22-23. https://ethereum.org/en/whitepaper/ Caldarelli, G., & Ellul, J. (2021). The blockchain oracle problem in decentralized finance—A multivocal approach. Applied Sciences, 11(16), 1-32. https://doi.org/10.3390/app11167572 Chohan, U.W. (2021). Decentralized Finance (DeFi): An Emergent Alternative Financial Architecture. Critical Blockchain Research Initiative (CBRI) Working Papers.https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3791921 Granger, C.W.J. (1969). Investigating Causal Relations by Econometric Models and Cross-Spectral Methods. Econometrica, 37(3), 424-438. https://doi.org/10.2307/1912791 Maouchi, Y., Charfeddine, L., Montasser, G. E. (2022). Understanding digital bubbles amidst the COVID-19 pandemic: Evidence from DeFi and NFTs. Finance Research Letter, 47(A), 102584. https://doi.org/10.1016/j.frl.2021.102584 Metelski, D., & Sobieraj, J. (2022). Decentralized Finance (DeFi) Projects: A Study of Key Performance Indicators in Terms of DeFi Protocols’ Valuations. International Journal of Financial Studies, 10(4), 108. https://doi.org/10.3390/ijfs10040108 Nakamoto, S. (2008). Bitcoin: A Peer-to-Peer Electronic Cash System. https://bitcoin.org/bitcoin.pdf Qin, K. Zhou, L. Livshits, B., & Gervais, A. (2021). Attacking the defi ecosystem with flash loans for fun and profit. In Proceedings of International Conference on Financial Cryptography and Data Security, Berlin/Heidelberg, Germany, 3-32. https://doi.org/10.1007/978-3-662-64322-8_1 Saengchote, K. (2021). Where do DeFi stablecoins go? A closer look at what DeFi composability really means. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3893487 Schär, F. (2021). Decentralized finance: On blockchain-and smart contract-based financial markets. FRB of St. Louis Review, 103(2), 153–74. http://dx.doi.org/10.20955/r.103.153-74 Nelson, C.R., & Plosser, C.I. (1982). Trends and random walks in macroeconmic time series: Some evidence and implications. Journal of Monetary Economics, 10(2), 139-162. https://doi.org/10.1016/0304-3932(82)90012-5 Sims, C.A. (1980). Macroeconomics and Reality. Econometrica, 48(1), 1-48. https://doi.org/10.2307/1912017 Şoiman, F. Dumas, G., & Jimenez-Garces, S. (2022). The return of (I) DeFiX. https://doi.org/10/48550/arXiv/2204/00251 Stepanova, V., & Eriņš, I. (2021). Review of decentralized finance applications and their total value locked. TEM Journal, 10(1), 327– 333. https://doi.org/10.18421/TEM101-41 Xu, T.A., & Xu, J. (2022). A Short Survey on Business Models of Decentralized Finance (DeFi) Protocols. https://doi.org/10/48550/arXiv.2202.07742 | - |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/88741 | - |
| dc.description.abstract | 近年來，區塊鏈技術的普及與應用催生了去中心化金融 (DeFi) 的蓬勃發展，成為區塊鏈領域的主要趨勢之一。DeFi項目基於智能合約，提供無需中介機構參與的金融服務：如借貸、交易、流動性提供等，吸引眾多投資者和用戶的關注與參。由於DeFi市場動態複雜，市場監測指標成為投資者能夠直接判斷項目好壞的依據。本研究的主要目的是探討DeFi項目代幣價格與總鎖定價值之因果關係，以期提供投資人參考。本研究以五大公共區塊鏈 (Ethereum、BNB Chain、Polygon、Tron、Avalanche) 為基準，挑選其中20項以總鎖定價值為篩選標準之DeFi項目，探討（一）個別DeFi項目之間的總鎖定價值與代幣價格以及（二）公鏈之間的DeFi價格與總鎖定價值是否存在因果關係。研究顯示，個別DeFi中，88%項目的總鎖定價值對項目代幣價格存在因果關係，表示總鎖定價值可以成為監測代幣價格的重要指標。各公鏈個別DeFi項目的價格/總鎖定價值間的因果關係，可能受其項目性質，例如：治理權、業務性質（借貸、流動性質押、去中心化交易所）等影響。根據本研究實證發現，建議投資人宜深入了解DeFi項目的特性以及與其他項目間的價格或總鎖定價值關係，才能做出正確抉擇。 | zh_TW |
| dc.description.abstract | In recent years, blockchain technology has driven the flourishing development of Decentralized Finance (DeFi), becoming a major trend in the blockchain field. DeFi projects, utilizing smart contracts, offer intermediary-free financial services such as lending, trading, and liquidity provision, attracting numerous investors and users. To help investors, this study explores the causality between DeFi project token prices and total value locked, aiming to provide valuable insights. Based on five major public blockchains (Ethereum, BNB Chain, Polygon, Tron, Avalanche), 20 DeFi projects are selected using total value locked as a filtering criterion. The research investigates the causality between the total value locked and token prices within individual DeFi projects and across different blockchains. The findings indicate that 88% of individual DeFi projects show a causality between the total value locked and token price, making the total value locked an important monitoring indicator. The causality between token prices and total locked values may be influenced by project characteristics such as governance rights and operational nature. Investors are advised to understand the features of DeFi projects and their relationships with others for informed decision-making. | en |
| dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2023-08-15T17:35:52Z No. of bitstreams: 0 | en |
| dc.description.provenance | Made available in DSpace on 2023-08-15T17:35:52Z (GMT). No. of bitstreams: 0 | en |
| dc.description.tableofcontents | 誌謝 i
中文摘要 ii ABSTRACT iii 表目錄 v 圖目錄 vi 第一章 緒論 1 第一節 研究背景與動機 1 第二節 研究目的 3 第二章 DeFi項目與文獻回顧 5 第一節 DeFi項目類型 5 第二節DeFi與總鎖定價值文獻 6 第三章 資料選取與研究方法 9 第一節 變數定義與資料來源 9 第二節 Granger因果關係與相關檢定 13 一、皮爾森相關係數 13 二、ADF單根檢定(Augmented Dickey-Fuller) 13 三、最適落後期數 14 第四章 實證結果與討論 15 第一節 樣本資料敘述統計 15 第二節 皮爾森相關係數 22 第三節ADF單根檢定與最適落後期數 26 第四節 Granger因果關係 28 第五章 結論 57 參考文獻 59 附錄 62 | - |
| dc.language.iso | zh_TW | - |
| dc.title | 去中心化金融項目代幣價格與總鎖定價值的因果關係研究 | zh_TW |
| dc.title | A Study on the Causality between Decentralized Finance Project Token Prices and Total Value Locked | en |
| dc.type | Thesis | - |
| dc.date.schoolyear | 111-2 | - |
| dc.description.degree | 碩士 | - |
| dc.contributor.oralexamcommittee | 鄭漢亮;陳仁惠;歐陽利姝 | zh_TW |
| dc.contributor.oralexamcommittee | Han-Liang Zheng;Ren-Hui Chen;Li-Shu Ou Yang | en |
| dc.subject.keyword | 去中心化金融(DeFi),公共區塊鏈,代幣價格,總鎖定價值,因果關係, | zh_TW |
| dc.subject.keyword | Decentralized Finance,Public Blockchain,Token Price,Total Value Locked,Causality, | en |
| dc.relation.page | 70 | - |
| dc.identifier.doi | 10.6342/NTU202302576 | - |
| dc.rights.note | 未授權 | - |
| dc.date.accepted | 2023-08-08 | - |
| dc.contributor.author-college | 生物資源暨農學院 | - |
| dc.contributor.author-dept | 農業經濟學系 | - |
| 顯示於系所單位： | 農業經濟學系 | |
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