DEVELOPMENT OF DEFI AND WEB3 IN CONDITIONS OF DIGITAL TRANSFORMATION
Authors: Brechko Oleksandr 
Published: July 2024

Introduction. Today, the introduction of DeFi and Web3 technologies, which provide users with access to a variety of financial instruments based on a decentralised distributed ledger, is of great importance for business development. These tools include DEX exchanges, DAO projects, participation in liquidity pools, the use of staking and farming of smart contracts, and decentralised lending. In addition, these technologies allow for risk insurance and the use of oracles to predict market trends, as well as interact with new forms of financial services. DeFi and Web3 are not only technological innovations, but also important catalysts for change in finance, transforming outdated financial technologies into open protocols (smart contracts). Methods. To achieve the goal of the article, an analysis of literary sources was carried out, the main characteristics of the components of the DeFi market were determined, directions for their use in the digital business environment in combination with the real sector of the economy were proposed. The methods of analysis, synthesis, system approach and comparative analysis were also used. Results. The article investigated the importance of the development and implementation of DeFi and Web3 technologies, which provide users with access to various financial instruments built on a decentralized distributed ledger system, such as DEX exchanges, DAO projects, ensure participation in liquidity pools, the use of staking and farming of smart contracts and decentralized lending systems, and also allow for risk insurance and the use of oracles to predict market trends and actively interact with new forms of financial services. This applies not only to the field of cryptocurrency exchange, but also includes a wide range of opportunities to participate and invest in various financial instruments built on the principles of decentralization and blockchain technologies. The obtained results testify to the significant potential and prospects of this direction in the financial sphere. It is noted that DeFi and Web3 are not just technological innovations, but also a real catalyst for transformations in finance, transforming outdated technologies of the financial system into open protocols (smart contracts). Despite the fact that DeFi is often viewed as a speculative tool, the article substantiates its economic efficiency, which consists in receiving passive income and saving on commission costs, providing liquidity for highly volatile cryptocurrency assets. Discussion. Further research perspectives in the field of DeFi, Web3 include the study of security and risk issues, the development of transparent legal frameworks, socio-economic impact assessment, technical innovation and environmental impact, which will contribute to the expansion and improvement of these technologies in the financial sector. In particular, the prospects may include exploring opportunities to ensure that DeFi technologies interact with the traditional banking sector and developing mechanisms to increase the degree of implementation and adoption of these innovations in the global financial environment. Keywords: DeFi market, DeFi technology, blockchain, web.3.0, farming, staking, smart contracts