arXiv subjects

Daniel Liebau

Publications and source records attributed to Daniel Liebau.

3 recordsLinked to original sources

arXiv2025

Decentralized Finance (Literacy) today and in 2034: Initial Insights from Singapore and beyond

How will Decentralized Finance transform financial services? Using New Institutional Economics and Dynamic Capabilities Theory, I analyse survey data from 109 experts using non-parametric methods. Experts span traditional finance, DeFi industry, and academia. Four insights emerge: adoption expectations rise from negligible to 43% expecting at least high adoption by 2034; experts expect convergence scenarios over disruption, with traditional finance embracing DeFi most likely; back-office transforms before customer-facing functions; strategic competencies eclipse DeFi-sector specific- and technical skills. This challenges technology-centric adoption models. DeFi represents emerging market entry requiring organizational transformation, not just technological implementation. SEC developments validate predictions. Financial institutions should prioritize developing strategic capabilities over mere technical training.

q-fin.GN↗

arXiv2025

Vote Delegation in DeFi Governance

We investigate the drivers of vote delegation in Decentralized Autonomous Organizations (DAOs), using the Uniswap governance DAO as a laboratory. We show that parties with fewer self-owned votes and those affiliated with the controlling venture capital firm, Andreesen Horowitz (a16z), receive more vote delegations. These patterns suggest that while the Uniswap ecosystem values decentralization, a16z may engage in window-dressing around it. Moreover, we find that an active and successful track record in submitting improvement proposals, especially in the final stage, leads to more vote delegations, indicating that delegation in DAOs is at least partly reputation- or merit-based. Combined, our findings provide new insights into how governance and decentralization operate in DeFi.

q-fin.RM↗

arXiv2022

Potential for a precision measurement of solar $pp$ neutrinos in the Serappis Experiment

The Serappis (SEarch for RAre PP-neutrinos In Scintillator) project aims at a precision measurement of the flux of solar $pp$ neutrinos on the few-percent level. Such a measurement will be a relevant contribution to the study of solar neutrino oscillation parameters and a sensitive test of the solar luminosity constraint. The concept of Serappis relies on a small organic liquid scintillator detector ($\sim$20 m$^3$) with excellent energy resolution ($\sim$2.5 % at 1 MeV), low internal background and sufficient shielding from surrounding radioactivity. This can be achieved by a minor upgrade of the OSIRIS facility at the site of the JUNO neutrino experiment in southern China. To go substantially beyond current accuracy levels for the $pp$ flux, an organic scintillator with ultra-low $^{14}$C levels (below $10^{-18}$) is required. The existing OSIRIS detector and JUNO infrastructure will be instrumental in identifying suitable scintillator materials, offering a unique chance for a low-budget high-precision measurement of a fundamental property of our Sun that will be otherwise hard to access.

physics.ins-det↗