BIS provides a guided look at all that DeFi can do.
The Bank for International Settlements looked under the hood of decentralized finance in a new working paper and introduced the DeFi stack reference model to illustrate the technology’s functionality and risks. The report discussed the integration of DeFi with traditional finance and suggested ways to assess its risks during that integration.the architecture, technical primitives and functionalities of DeFi protocols in considerable technical detail.
Algorithmic automation, “competitive financial engineering” and transparency “are of interest well beyond cryptocurrency markets,” the paper said. By competitive engineering the authors meant composability, the combining of smart contracts to form complex and unique financial products. The DSR model divides DeFi into three layers: interface, application and settlement, with sublayers allowing for the variation seen across DeFi technologies. The paper used a variety of tokens, blockchains and financial services in its examples. The run on Terra was discussed in detail for its informational value and as an example of the effectiveness of the authors’ investigation technique.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
DeFi should complement TradFi, not attack it: Ava Labs CEO | Davos 2023Emin Gun Sirer, co-founder and CEO of Ava Labs, spoke with Cointelegraph at the World Economic Forum in Davos on the ever-evolving relationship of DeFi and TradFi.
Weiterlesen »
BIS Economists Recommend 3 Crypto Policies for Regulators Worldwide to Adopt – Regulation Bitcoin NewsEconomists at the Bank of International Settlements (BIS) have recommended 3 crypto policies regulators worldwide can adopt. cryptocurrency
Weiterlesen »
In Montecito, the Million-Dollar Views Still Come With Mudslide RisksMONTECITO, Calif. — Roads flooded, trees toppled, creeks raged and residents braced for the deadly catastrophe they knew could come. It was Jan. 9, five years to the day after a torrent of mud, giant boulders and debris had crashed into Montecito, their coastal town near Santa Barbara, California. Back then, hundreds of homes were damaged or destroyed, and cars were crumpled like paper. Twenty-three people died. This time, instead of attending a memorial on the anniversary, residents faced casca
Weiterlesen »
What FDA Input Means for Risks and Benefits of LASIKWhile patients who have had post-surgery problems amplify the FDA’s warnings, doctors say it remains a relatively safe and very effective procedure.
Weiterlesen »
Looming debt ceiling showdown risks triggering 'self-inflicted' recession for US economyIf Congress fails to raise the roughly $31.4 trillion federal debt limit by June, it could trigger a 'self-inflicted' recession and 'severe' market pain.
Weiterlesen »
Analysis | A royal mess in the U.K. points to the risks of cyberattacks on mail deliveryAnalysis: U.K. Royal Mail incident demonstrates how harmful cyberattacks can be on the industry
Weiterlesen »