Decentralized finance (DeFi) provides a new level of integration for financial applications. Whilst blockchain technology is inherently transparent, measuring both the economic and technical risks of an increasingly integrated ecosystem is challenging. In this extended abstract, we approach the issue with an asset-centric view by proposing a measurement of the dependency of DeFi tokens. The method quantifies the distance between the original token entity and the composed version. Even for highly nested tokens, it allows to drill down to the original entity thus approximately gauging the level of integration within the broader DeFi ecosystem. The method is initially evaluated through the analysis of USDC and composed versions for all transactions of 2020.

翻译：分权融资(DeFi)为金融应用提供了新的整合水平。尽管链链技术本质上是透明的,衡量日益一体化的生态系统的经济和技术风险是具有挑战性的。在这个漫长的抽象中,我们以资产中心的观点来看待这一问题,方法是提出对DeFi质证依赖性的衡量方法。这种方法对原始象征性实体与组成版本之间的距离进行了量化。即使对于高度嵌套的标牌,它也允许向原始实体钻入,从而可以大致衡量更广泛的DeFi生态系统的整合程度。最初通过分析美国金融公司和2020年所有交易的组合版本来评估这一方法。