Fed Reserve in St Louis looking at DeFi

  • The Federal Reserve Bank of St. Louis published a report titled “Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets.”
  • The report notes that DeFi has the benefits of accessibility, composability, efficiency, and transparency.
  • But it also states that smart contracts, dependencies, and operational security are key risks to address.

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https://decrypt.co/57223/federal-reserve-bank-of-st-louis-taking-close-look-at-ethereum-defi?utm_medium=referral&utm_campaign=feed&utm_source=flipboard

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