‘DeFi may lead to a paradigm shift’ says Federal Reserve Bank paper

‘DeFi may lead to a paradigm shift’ says Federal Reserve Bank paper

Ethereum has unleashed a wave of financial innovation. A paper published by the Federal Reserve Bank of St Louis has delved into the expansion of decentralized finance and Ethereum’s role in it.The research, penned by Dr. Fabian Schär and published on May 2, has taken a deep dive into the world of DeFi, hinting that if security concerns and risks can be addressed, it may lead to huge changes in the financial industry."DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way," Dr. Fabian Schär wrote, also....


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