The beguiling promise of decentralised finance
The frenzy surrounding it is similar to the early phase of the web. The rise of an ecosystem of financial services, known as decentralised finance, or ‘DeFi’ needs to be taken seriously. The Economist explores how despite its cultish reputation and some criminal activity, we need to consider the platform seriously. Here they reveal how the finical system has a profound potential to completely change how the financial system works.
From The Economist