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Duke University

Decentralized Finance (DeFi) Opportunities and Risks

DeFi and the Future of Finance is a set of four courses that focus on decentralized finance. The final course is called DeFi Opportunities and Risks. It is essential that you complete the first three courses: I. DeFi Infrastructure; II. DeFi Primitives; and III. DeFi Deep Dive before beginning the fourth course. The course starts with the premise that an analysis of any new technology must clearly gauge the risks and challenges. Given that DeFi is only a few years old there are plenty of risks. The course begins with the most obvious risk: smart contract risk. Smart contracts are foundational for DeFi. The code of these contracts is public - opening a clear attack vector for hackers. That is, in traditional finance, hackers need to break into a system to get access to the code and data. In DeFi, everything is open source.There are many other risks studied including: Governance risk; Oracle risk; Scaling risk; Decentralized Exchange or DEX risk; Custodial risk; Environmental risk; and Regulatory risk.

Status: Operational Risk
Status: Risk Management
IntermediateCourse6 hours

Featured reviews

NS

5.0Reviewed Sep 11, 2024

Love it. A little older of a class but it talks about some of the still leading defi protocols in use today.

WW

5.0Reviewed Apr 13, 2022

C​ourse is an excellent starting point to understanding DeFi, and provides a base for continued learning to this important shift in finance.

PG

5.0Reviewed Jul 4, 2025

Excellent course, I will make sure to get a copy of the book, albeit learners should consider having basic finance knowledge before enrolling

BB

5.0Reviewed Oct 10, 2023

Even in 2023 (some of it is definitely dated), it is quite relevant and I learned a lot

ES

5.0Reviewed Nov 11, 2022

Great introduction to DeFi and a very motivated and engaging professor

NK

5.0Reviewed Mar 16, 2023

Excellent course with a wealth of valuable information and insightful perspectives.

TY

5.0Reviewed Oct 13, 2024

I'm really glad I took this series of courses on DeFi. It's probably the most thought-provoking course I've taken since finishing school.

AS

5.0Reviewed Jun 27, 2024

very good, the only problem is that is outdated as is from 2021

LH

5.0Reviewed Jul 7, 2022

Great course for getting an idea of the basics of the DeFi landscape

JR

5.0Reviewed Aug 1, 2025

EXCELLENT COURSE!! - truly insightful, very well structured and deep in terms of content and examples.

TW

5.0Reviewed Dec 30, 2021

E​xcellent overview of the opportunities and risks of DeFi as of the end of 2021. Look forward to helping define the future of DeFi based on the understanding gained from these courses.

TJ

5.0Reviewed Aug 9, 2022

Working in this field on a daily basis, this is the best course that gives an overview of DeFi in its entirety: tech, protocols, risks

All reviews

Showing: 20 of 79

Mike Morabito
5.0
Reviewed Dec 24, 2021
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