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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: Financial Regulations
Status: Scalability
IntermediateCourse6 hours

Featured reviews

NS

5.0Reviewed Sep 10, 2024

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

BB

5.0Reviewed Oct 9, 2023

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

WW

5.0Reviewed Apr 12, 2022

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

JR

5.0Reviewed Jul 31, 2025

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

NK

5.0Reviewed Mar 15, 2023

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

TY

5.0Reviewed Oct 12, 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.

AD

5.0Reviewed Jul 6, 2022

The instructor wasperfect and the material provided in the course was really good. i suggest this course for people who are interested in Crypto.

AA

5.0Reviewed Jan 16, 2022

Amazing course specialization! Take all four of these courses. Up to date as of early 2022, unlike the Consesnys course I took prior to this one.

ES

5.0Reviewed Nov 10, 2022

Great introduction to DeFi and a very motivated and engaging professor

MS

4.0Reviewed Jun 29, 2022

Good finish. I would have like to have more of the "cons" during the course (e.g. the deep dive) instead of the end. Would have given a more rounded view.

TW

5.0Reviewed Dec 29, 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.

DT

5.0Reviewed Jan 22, 2026

Professor Harvey is AMAZING!!! Great knowledge, incredible passion, I hope to someday shake his hand and say Thanks for the course in DeFi.

All reviews

Showing: 20 of 79

Mike Morabito
5.0
Reviewed Dec 23, 2021
Carol Whaley Addassi
5.0
Reviewed Feb 26, 2022
Riyanka Ganguly
5.0
Reviewed Dec 17, 2021
Thierry Janaudy
5.0
Reviewed Aug 9, 2022
James Harrington
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Reviewed Oct 5, 2022
Arvind Kumar Srivastava
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Reviewed Feb 27, 2022
Russell Reading
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Reviewed Mar 20, 2022
Ivy Zhou
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Reviewed Jan 12, 2026
Keith Murphy
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Reviewed Dec 9, 2021
Arjun Rai Mahendra
5.0
Reviewed Jan 28, 2022
Joan Solé Viñas
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Reviewed Feb 11, 2024
Lin Foong Teo
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Reviewed May 27, 2022
Keyon Ricketts
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Reviewed Jul 27, 2022
emir gradjanin
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Reviewed Jan 30, 2024
Nick Pallotta
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Reviewed May 16, 2022
Roman Pylypiv
5.0
Reviewed Nov 7, 2022
Earl John Lugatiman
5.0
Reviewed Dec 13, 2021
Chee Yan LAI
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Reviewed Nov 18, 2022
Murray Steel
5.0
Reviewed Dec 19, 2021
kieran kay
5.0
Reviewed Dec 20, 2021