Bank of Canada Staff Note Examines DeFi’s Impact and Challenges
The Bank of Canada has released a comprehensive staff note on decentralized finance (DeFi) on October 17, shedding light on the innovative features that have propelled its popularity while also highlighting the challenges and risks associated with its utilization. DeFi’s multi-layered structure Described as a multi-layered structure, DeFi primarily relies on the Ethereum blockchain as…