Dr. Fabian Schär wrote in a paper published by the Federal Reserve Bank of St Louis on May 2 about decentralized finance and Ethereum’s impact on it.

He applauded Defi in its efficiency in using “smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way.”

Dr. Schär also explained that Defi will lead to a better and transparent financial system.

Author: CryptoBoss

I'm a person in this world who love crypto like you guys. ^_^

Leave a Reply

Your email address will not be published. Required fields are marked *