Federal Reserve branch shares paper on Ether & DeFi

A paper regarding decentralized finance—which surprisingly included the term “DeFi”— was recently published to the website of the St. Louis Federal Reserve, a branch of the United States’ central bank.

Fabian Schär, a professor at the University of Basel who focuses on blockchain and DeFi technologies, wrote the paper. He is a member of the Center for Innovative Finance, which is a part of the University focused on financial technology.

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