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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: Cyber Risk
IntermediateCourse6 hours

Featured reviews

NK

5.0Reviewed Mar 15, 2023

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

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.

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.

VN

5.0Reviewed Aug 6, 2022

Many thanks to professor Harvey for the excellent course and perfectly accurate explanations.

CA

5.0Reviewed Feb 16, 2026

Thank you so much, Dr Campbell. You explained very well and made me laugh with your great humour! Best wishes.

AL

4.0Reviewed Oct 30, 2024

High level coverage of opportunities and risks in DeFi, useful for retail investors, and also for those with more specialized knowledge of finance.

PG

5.0Reviewed Jul 3, 2025

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

JR

5.0Reviewed Jul 31, 2025

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

OH

5.0Reviewed Jan 24, 2022

Got basis and keen information about the various opportunities and risk in the Decentralized Finance (DeFi) space.

BB

5.0Reviewed Oct 9, 2023

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

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.

LH

5.0Reviewed Jul 6, 2022

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

All reviews

Showing: 20 of 81

Mike Morabito
5.0
Reviewed Dec 23, 2021
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