St. Louis Federal Reserve Says 3 Risks Hold DeFi Back From “Paradigm Shift” | Crypto Briefing

Key Takeaways

  • DeFi is exposed to risks such as coding errors, operational security, and the interdependence of different projects.
  • If DeFi can overcome these risks it could lead to a “paradigm shift” throughout the financial sector.
  • The cautious endorsement of DeFi by a U.S. central bank could be a major step forward in the acceptance of DeFi.

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