Question
Decentralised Finance (DeFi), an emerging peer-to-peer financial technology based on blockchain networks, smart contracts and dApps, is intended to remove the control centralised institutions such
Decentralised Finance (DeFi), an emerging peer-to-peer financial technology based on blockchain networks, smart contracts and dApps, is intended to remove the control centralised institutions such as banks and brokerages have on money and financial products, so as to liberate and democratise financial services and make it accessible to all. The development of DeFi however is still at its nascent stage.
Please identify and assess the potential benefits, risks and challenges for DeFi
going forward and provide suggestions to overcome such risks and challenges.
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