The Federal Reserve Bank says DeFi has sparked a “wave of innovation”

The Federal Reserve Bank of St. Louis says decentralized finance (DeFi) has “unleashed a wave of innovation” that could create a more transparent financial infrastructure in the future.

DeFi is an umbrella term for a broad push to create crypto-based projects that automate and remove middlemen from traditional financial services like borrowing and lending, derivatives, margin trading, and insurance.

Find out more