DeFi Dawning

The cornerstone of the global financial system, for long, has been trust. Over years of tweaking, this trust was placed on intermediary institutionsunder the strict purview of regulation and government intervention. Recently, we have transitioned to the possibility of an era where this intrinsic trust is to be placed on decentralised algorithms and protocols, removing the need for any (human) financial intermediary. A new report from the Brookings Institution delves deep into the rapidly evolving world of Decentralised Finance (DeFi) and its potential to reshape our financial landscape.

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