Economics and Math of Token Engineering and DeFi
Economics and Math of Token Engineering and DeFi is a research based textbook for users in the space (crypto holders and defi users), as well as crypto protocol projects.
This book is a three-year work in progress that covers the evolution of economics, framework to designing systems and the math around the various mechanisms.
A case study is used to dive into the economics structure and apply the concepts.
Overview
The aim of this book is to dive into the core foundational principles of economics in Web 3.0. We explore the evolution to economics, the change in principles we learnt in Econs 101, and the new environment that economics will exist in.
Then, we explore ways to apply these foundational principles in Web 3.0, with or without a token. We also tap into the general mathematics that defines the economic mechanisms.
You don’t need to be an economist or technologist to understand the book. We keep things high-level to digest the information, yet come from fundamental academic research.
Economics is a science. It primarily examines how decisions are made, which alternatives provide greatest benefits to various stakeholders. Contrary to popular belief, economics is not about money. It has and continues to be about the study of allocation of scarce resources (behaviours). We enforce them through incentives and disincentives (punishments).
The difference between economics (soft science) and physics (hard science) is that economics is continuously evolves because it is a study of human behaviours. As we moved from Web 1 to Web 2 and now Web 3, the economics 101 that we initially understood has changed.
While is important to be coding the tech infrastructure of Web 3.0 and having ideas of what Web 3.0 is like, an important aspect is the economics and incentive alignment of Web 3.0 users. It is easy to create a token or currency out of thin air. The token is only valuable when the economics make sense.
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Kindle/Ebook
$80
Access your book is easy now, you can resume easily where you left off with our ebook version of the book.
Kindle/Ebook
$80
Access your book is easy now, you can resume easily where you left off with our ebook version of the book.
Bundle: Ebook + Physical Book (Worth $207)
$170
Get the ebook and Book bundle today and enjoy the best of both formats. You also enjoy more than 25% off saving compare to purchasing it separately. Download the ebook first as your book gets delivered. Enjoy Free Shipping*
Bundle: Ebook + Physical Book (Worth $207)
$170
Get the ebook and Book bundle today and enjoy the best of both formats. You also enjoy more than 25% off saving compare to purchasing it separately. Download the ebook first as your book gets delivered. Enjoy Free Shipping*
Bundle: Physical Book + Ebook + Course (Worth $867)
$530
Enjoy more than 25% savings when you enroll in our online course bundle today.
Token Economics 201 Blueprint Course is the first course in the world that dives deep into the economics design and incentive mechanisms of a token-based self-sustaining ecosystem. Not just restricted to crypto protocol projects, they also works well in centralised platforms like Airbnb, Uber and Facebook. The course consolidates more than 1.5 years of economics research to build a framework to understand and represent the economics of such token-based ecosystems.
Bundle: Physical Book + Ebook + Course (Worth $867)
$530
Enjoy more than 25% savings when you enroll in our online course bundle today.
Token Economics 201 Blueprint Course is the first course in the world that dives deep into the economics design and incentive mechanisms of a token-based self-sustaining ecosystem. Not just restricted to crypto protocol projects, they also works well in centralised platforms like Airbnb, Uber and Facebook. The course consolidates more than 1.5 years of economics research to build a framework to understand and represent the economics of such token-based ecosystems.
About the Author
Lisa JY Tan
She is the founder and lead economist at Economics Design, a research focused consultancy for digital ecosystems. In the academia world, she contributes to research work in various fields like math and economics, while having the practitioner exposure with startups and global businesses. She’s also one of the leaders in a United Nations x Stanford University project on regulating digital currencies.
She was one of the first few to research and educate on token economics, starting in 2018 London. Since then, she has a weekly podcast on the economics of token ecosystems, online course and have educated regulators, government and organisations in London, Singapore, Seoul, Geneva.
What do people say
Wall of Love
I finished reading the book written by @lisajytan .
— Naoki Akazawa (@naoki_akazawa) December 17, 2020
This is the first textbook and contains systematic knowledge and many case studies of #tokenengineering and #DeFi !
It's very good! I want to recommend it to my colleagues! pic.twitter.com/n4hEIG9g6B
we are creating our own economy @CosmicBlooom @Crypt0Sphere888 ••• thank you @EconsDesign @lisajytan for this #newread pic.twitter.com/q4GmIdlOpo
— ☬ RAHIM.sol ☥ 𓂀 ◎ 𓆃 ☀️ رحيم (@optimysticra) April 6, 2021
First textbook on Token Engineering.
— trentmc0.eth (@trentmc0) December 15, 2020
A big milestone for this nascent field.
Congratulations @lisajytan !! 👏👏👏👏 https://t.co/rZcYiGjgfN
Received a physical copy of @lisajytan @EconsDesign book today! I already have the EPUB & kindle but there is nothing like a paper copy for the real gems.
— Tannr Allard (@TannrAllard) December 23, 2020
Loving the case studies, especially the fact that it includes a whole chapter dedicated to @MakerDAO pic.twitter.com/8fXoXls0g0
Enjoying @lisajytan's book 'Economics and Math of Token Engineering and DeFi: Fundamentals of Token Economics' so far. Really good guide to a relatively new field of thought. https://t.co/tEb4EVayox
— Yonathan Seleshi (@yonathanseleshi) March 24, 2021
👉 „Economics boils down to what incentives drive the desired behaviour of the economy”
— Lukasz Szymanski ☁️ (@szymanskilukasz) May 8, 2021
Couldn't agree more 🙏 Should be the opening statement in each economics book/course @lisajytan pic.twitter.com/nuLwsmgsek
Reading your book. Great content and research.
— anthonylee.eth 🌙 🌪 (@sicktastic) August 10, 2021
Thanks for doing all the hard work & putting it all together in this beautiful book @lisajytan
— ⍺ALΞX ₿erto G 🦇🔊 (@A_BertoG) December 30, 2020
Lots of more reading to do but already finding it smooth to read and well explained pic.twitter.com/1cLEmh0BBa
Just purchased “Economics and Math of Token Engineering and DeFi”.
— Greg Osuri (@gregosuri) March 5, 2021
Looking forward to reading this Sunday
Got my hardcopy of @EconsDesign @lisajytan's new Book. Very few people (if any) provide indepth content on #Tokenomics and #DeFi. This goes beyond your 101 lesson type of material.@Interaxis8 and @Delphi_Digital are vouching for her. Get it Anon, or you won't make it. pic.twitter.com/LlnxqNSQrD
— Do11Master (@0xDo11Master) December 29, 2020