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

Cointelegraph

Published May 05, 2021 12:35AM ET

Updated May 05, 2021 02:20AM ET

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.

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