Decentralized finance proposed as alternative to traditional financial services

Alessio Saretto

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: DeFi applications allow users to directly interact with each other to borrow, lend, insure and exchange digital assets without centralized intermediaries, such as banks and custodial exchanges.

Keywords: banking; finance; international economics; payment systems (search for similar items in EconPapers)
Date: 2023-01-03
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:95451

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