Money Reimagined: DeFi-ing History – CoinDesk
To foretell the future of decentralized finance (DeFi), the exploding new field in which decentralized governance protocols set and execute the terms for lending, borrowing and stablecoin issuance, one should look to the past. Specifically, look to Wall Street’s past. By some measures, DeFi is nothing new. It extends a four-decade cycle
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