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Journals / Ege Akademik Bakış Dergisi / 2026 / Cilt: 26 Sayı: 1

DECENTRALIZED INSURANCE IN DEFI: AN APPLICATION ON INSURING FINANCIAL PRODUCTS

Fatih Coşkun Ertaş(ATATÜRK ÜNİVERSİTESİ, İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİ, İŞLETME BÖLÜMÜ)0000-0002-2632-9694
Batuhan Karabay(ATATÜRK ÜNİVERSİTESİ, SOSYAL BİLİMLER ENSTİTÜSÜ, MUHASEBE VE FİNANSMAN (DR))0000-0002-5691-3947
Pages
145–160
Publication Date
2025-12-19
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Some proposals were made regarding the problems, deficiencies, and developments needed in the ecosystem, particularly in terms of insurance, based on the issues encountered during the examination and implementation phases.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The decentralized finance (DeFi) ecosystem is an ecosystem where financial services are provided using decentralized technologies such as blockchain and smart contracts instead of traditional financial intermediaries.
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Key Findings & Data:While the absence of any intermediary institution, organization, or authority in this ecosystem provides many advantages, it also has significant disadvantages.
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Conclusion & Impact:Some proposals were made regarding the problems, deficiencies, and developments needed in the ecosystem, particularly in terms of insurance, based on the issues encountered during the examination and implementation phases.
🔬Design:Araştırma Makalesi
📍Scope:Comprehensive Sample
⚙️Variables:Decentralized Finance · Insurance · Cryptocurrency

Abstract

The decentralized finance (DeFi) ecosystem is an ecosystem where financial services are provided using decentralized technologies such as blockchain and smart contracts instead of traditional financial intermediaries. While the absence of any intermediary institution, organization, or authority in this ecosystem provides many advantages, it also has significant disadvantages. The most important of these disadvantages is security issues. Since the decentralized finance ecosystem is a digital ecosystem, it faces problems such as hacking attacks and smart contract errors. As a result of these problems, trust in the ecosystem can be undermined. Our study focuses on the topic of insurance activities, which is one of the steps taken to make the ecosystem safer, based on the foundation of trust. Pioneering insurance platforms operating in the decentralized finance ecosystem were examined, and a financial asset insurance transaction was carried out through the selected insurance platform. Some proposals were made regarding the problems, deficiencies, and developments needed in the ecosystem, particularly in terms of insurance, based on the issues encountered during the examination and implementation phases.

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Cite This Article

Ertaş, F. C., Karabay, B. (2025). DECENTRALIZED INSURANCE IN DEFI: AN APPLICATION ON INSURING FINANCIAL PRODUCTS. Ege Akademik Bakış Dergisi, Cilt: 26 Sayı: 1, 145–160. https://doi.org/10.21121/eab.20260110

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