Sirio Aramonte, Wenqian Huang and Andreas Schrimpf on this BIS Quarterly Assessment analyse the rising Decentralised finance (DeFi) sector. They are saying that decentralisation bit about DeFi is an phantasm: Decentralised finance (DeFi) is touted as a brand new type of intermediation in crypto markets. The important thing parts of this ecosystem are novel automated protocols on blockchains – to assist buying and selling, lending […]

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