Pith. sign in

REVIEW 2 cited by

Decentralized Finance, Centralized Ownership? An Iterative Mapping Process to Measure Protocol Token Distribution

Not yet reviewed by Pith; the record is open.

Re-run · record.json Download PDF Read on arXiv ↗

This paper has not been read by Pith yet. Machine review is queued; the pith claim, tier, and objections will appear here once it completes.

SPECIMEN: schema-true, not a live event

T0 review · schema-true

One-sentence machine reading of the paper's core claim.

pith:XXXXXXXX · record.json · timestamp

arxiv 2012.09306 v1 pith:3AIF2BKR submitted 2020-12-16 econ.GN cs.CEq-fin.EC

Matthias Nadler , Fabian Schär This is my paper · ORCID
classification econ.GNcs.CEq-fin.EC
keywords tokendistributionanalyzedecentralizeddefifinanceholdingsiterative
verification ladder T0 review T1 audit T2 compute T3 formal
0 comments
read the original abstract

In this paper, we analyze various Decentralized Finance (DeFi) protocols in terms of their token distributions. We propose an iterative mapping process that allows us to split aggregate token holdings from custodial and escrow contracts and assign them to their economic beneficiaries. This method accounts for liquidity-, lending-, and staking-pools, as well as token wrappers, and can be used to break down token holdings, even for high nesting levels. We compute individual address balances for several snapshots and analyze intertemporal distribution changes. In addition, we study reallocation and protocol usage data, and propose a proxy for measuring token dependencies and ecosystem integration. The paper offers new insights on DeFi interoperability as well as token ownership distribution and may serve as a foundation for further research.

Discussion (0). Continue with ORCID to comment.

Forward citations

Cited by 2 Pith papers

Reviewed papers in the Pith corpus that reference this work. Sorted by Pith novelty score. Full citation record

  1. Voting Biases in Decentralized Autonomous Organization (DAO) Governance

    cs.CY 2026-07 conditional novelty 6.0 of 10

    Author-selected Snapshot choices show a 58.8 pp higher voting-power share than non-author choices, exceeding approval (27.1 pp) and first-list (7.7 pp) associations.

  2. Concentration in Governance Control Across Decentralised Finance Protocols

    cs.CE 2025-01 conditional novelty 6.0 of 10

    A statistically validated network of shared DeFi governance token holdings reveals persistent, institution-dominated links between protocols.

Pith tools