{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,7,2]],"date-time":"2026-07-02T16:39:50Z","timestamp":1783010390014,"version":"3.54.6"},"publisher-location":"New York, NY, USA","reference-count":30,"publisher":"ACM","license":[{"start":{"date-parts":[[2023,11,27]],"date-time":"2023-11-27T00:00:00Z","timestamp":1701043200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/www.acm.org\/publications\/policies\/copyright_policy#Background"}],"funder":[{"DOI":"10.13039\/501100000269","name":"Economic and Social Research Council","doi-asserted-by":"publisher","award":["ES\/T015357\/1"],"award-info":[{"award-number":["ES\/T015357\/1"]}],"id":[{"id":"10.13039\/501100000269","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":["dl.acm.org"],"crossmark-restriction":true},"short-container-title":[],"published-print":{"date-parts":[[2023,11,30]]},"DOI":"10.1145\/3605768.3623544","type":"proceedings-article","created":{"date-parts":[[2023,11,27]],"date-time":"2023-11-27T18:07:31Z","timestamp":1701108451000},"page":"55-63","update-policy":"https:\/\/doi.org\/10.1145\/crossmark-policy","source":"Crossref","is-referenced-by-count":11,"title":["Contagion in Decentralized Lending Protocols: A Case Study of Compound"],"prefix":"10.1145","author":[{"ORCID":"https:\/\/orcid.org\/0000-0001-9680-9282","authenticated-orcid":false,"given":"Natkamon","family":"Tovanich","sequence":"first","affiliation":[{"name":"Institut Polytechnique de Paris, Palaiseau, France"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0009-0002-0443-5792","authenticated-orcid":false,"given":"Myriam","family":"Kassoul","sequence":"additional","affiliation":[{"name":"Institut Polytechnique de Paris, Palaiseau, France"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-7643-5885","authenticated-orcid":false,"given":"Simon","family":"Weidenholzer","sequence":"additional","affiliation":[{"name":"University of Essex, Colchester, United Kingdom"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-0122-196X","authenticated-orcid":false,"given":"Julien","family":"Prat","sequence":"additional","affiliation":[{"name":"Institut Polytechnique de Paris, Palaiseau, France"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"320","published-online":{"date-parts":[[2023,11,27]]},"reference":[{"key":"e_1_3_2_1_1_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.20130456"},{"key":"e_1_3_2_1_2_1","unstructured":"Ziqiao Ao Gergely Horvath and Luyao Zhang. 2023. Is decentralized finance actually decentralized? A social network analysis of the Aave protocol on the Ethereum blockchain. arxiv: 2206.08401 [econ.GN]"},{"key":"e_1_3_2_1_3_1","doi-asserted-by":"publisher","DOI":"10.1007\/978-3-031-19759-8_21"},{"key":"e_1_3_2_1_4_1","doi-asserted-by":"publisher","DOI":"10.1007\/978--3--662--63958-0_40"},{"key":"e_1_3_2_1_5_1","volume-title":"On the Fragility of DeFi Lending. Available at SSRN 4328481 (30","author":"Chiu Jonathan","year":"2022","unstructured":"Jonathan Chiu, Emre Ozdenoren, Kathy Yuan, and Shengxing Zhang. 2022. On the Fragility of DeFi Lending. Available at SSRN 4328481 (30 November 2022). https:\/\/ssrn.com\/abstract=4328481"},{"key":"e_1_3_2_1_6_1","doi-asserted-by":"publisher","DOI":"10.1109\/BRAINS55737.2022.9909090"},{"key":"e_1_3_2_1_7_1","doi-asserted-by":"publisher","DOI":"10.1086\/261155"},{"key":"e_1_3_2_1_8_1","doi-asserted-by":"publisher","DOI":"10.1287\/mnsc.47.2.236.9835"},{"key":"e_1_3_2_1_9_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.104.10.3115"},{"key":"e_1_3_2_1_10_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jmoneco.2011.05.005"},{"key":"e_1_3_2_1_11_1","doi-asserted-by":"publisher","DOI":"10.1098\/rspa.2009.0410"},{"key":"e_1_3_2_1_12_1","doi-asserted-by":"publisher","DOI":"10.1257\/jel.20151228"},{"key":"e_1_3_2_1_13_1","doi-asserted-by":"publisher","DOI":"10.1109\/CVCBT50464.2020.00005"},{"key":"e_1_3_2_1_14_1","doi-asserted-by":"publisher","DOI":"10.1145\/3419614.3423254"},{"key":"e_1_3_2_1_15_1","doi-asserted-by":"publisher","DOI":"10.31585\/jbba-6--1-(5)2023"},{"key":"e_1_3_2_1_16_1","doi-asserted-by":"publisher","DOI":"10.1038\/nature09659"},{"key":"e_1_3_2_1_17_1","volume-title":"Available at SSRN 4459384 (24","author":"Heimbach Lioba","year":"2023","unstructured":"Lioba Heimbach and Wenqian Huang. 2023. DeFi Leverage. Available at SSRN 4459384 (24 May 2023). https:\/\/ssrn.com\/abstract=4459384"},{"key":"e_1_3_2_1_18_1","doi-asserted-by":"crossref","unstructured":"Lioba Heimbach Eric Schertenleib and Roger Wattenhofer. 2023. DeFi Lending During The Merge. arxiv: 2303.08748 [q-fin.GN]","DOI":"10.2139\/ssrn.4341346"},{"key":"e_1_3_2_1_19_1","doi-asserted-by":"publisher","DOI":"10.1146\/annurev-economics-083120--111540"},{"key":"e_1_3_2_1_20_1","volume-title":"Third International Symposium on Foundations and Applications of Blockchains. https:\/\/scfab.github.io\/2020\/FAB2020_p5.pdf","author":"Kao Hsien-Tang","year":"2020","unstructured":"Hsien-Tang Kao, Tarun Chitra, Rei Chiang, and John Morrow. 2020. An analysis of the market risk to participants in the compound protocol. In Third International Symposium on Foundations and Applications of Blockchains. https:\/\/scfab.github.io\/2020\/FAB2020_p5.pdf"},{"key":"e_1_3_2_1_21_1","doi-asserted-by":"crossref","unstructured":"Alfred Lehar and Christine A Parlour. 2022. Systemic fragility in decentralized markets. BIS Working Papers 1062. Bank for International Settlements. https:\/\/www.bis.org\/publ\/work1062.pdf","DOI":"10.2139\/ssrn.4164833"},{"key":"e_1_3_2_1_22_1","volume-title":"Compound: The money market protocol. Technical Report. https:\/\/compound.finance\/documents\/Compound.Whitepaper.pdf","author":"Leshner Robert","year":"2019","unstructured":"Robert Leshner and Geoffrey Hayes. 2019. Compound: The money market protocol. Technical Report. https:\/\/compound.finance\/documents\/Compound.Whitepaper.pdf"},{"key":"e_1_3_2_1_23_1","doi-asserted-by":"publisher","DOI":"10.1007\/978--3--662--64331-0_24"},{"key":"e_1_3_2_1_24_1","doi-asserted-by":"publisher","DOI":"10.1145\/3487552.3487811"},{"key":"e_1_3_2_1_25_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.intfin.2023.101807"},{"key":"e_1_3_2_1_26_1","volume-title":"Network Topology in Decentralized Finance. Available at SSRN 4469783 (5","author":"Saengchote Kanis","year":"2023","unstructured":"Kanis Saengchote and Carlos Castro-Iragorri. 2023. Network Topology in Decentralized Finance. Available at SSRN 4469783 (5 June 2023). https:\/\/ssrn.com\/abstract=4469783"},{"key":"e_1_3_2_1_27_1","unstructured":"Xiaotong Sun Charalampos Stasinakis and Georgios Sermpinis. 2023. Liquidity Risks in Lending Protocols: Evidence from Aave Protocol. arxiv: 2206.11973 [q-fin.RM]"},{"key":"e_1_3_2_1_28_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfs.2010.12.001"},{"key":"e_1_3_2_1_29_1","unstructured":"Jakub Warmuz Amit Chaudhary and Daniele Pinna. 2023. Toxic Liquidation Spirals. arxiv: 2212.07306 [econ.GN]"},{"key":"e_1_3_2_1_30_1","unstructured":"Aviv Yaish Maya Dotan Kaihua Qin Aviv Zohar and Arthur Gervais. 2023. Suboptimality in DeFi. Cryptology ePrint Archive Paper 2023\/892. https:\/\/eprint.iacr.org\/2023\/892"}],"event":{"name":"CCS '23: ACM SIGSAC Conference on Computer and Communications Security","location":"Copenhagen Denmark","acronym":"CCS '23","sponsor":["SIGSAC ACM Special Interest Group on Security, Audit, and Control"]},"container-title":["Proceedings of the 2023 Workshop on Decentralized Finance and Security"],"original-title":[],"link":[{"URL":"https:\/\/dl.acm.org\/doi\/10.1145\/3605768.3623544","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/dl.acm.org\/doi\/pdf\/10.1145\/3605768.3623544","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,8,23]],"date-time":"2025-08-23T20:15:34Z","timestamp":1755980134000},"score":1,"resource":{"primary":{"URL":"https:\/\/dl.acm.org\/doi\/10.1145\/3605768.3623544"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2023,11,27]]},"references-count":30,"alternative-id":["10.1145\/3605768.3623544","10.1145\/3605768"],"URL":"https:\/\/doi.org\/10.1145\/3605768.3623544","relation":{},"subject":[],"published":{"date-parts":[[2023,11,27]]},"assertion":[{"value":"2023-11-27","order":3,"name":"published","label":"Published","group":{"name":"publication_history","label":"Publication History"}}]}}