Defi and the Future of Finance Book PDF
Our financial infrastructure collapsed during the 2008 Global Financial Crisis. Governments bailed out the very institutions that had caused the economy to collapse. This incident prompted a thorough examination of our financial system. Does it make sense that a stock transaction takes two days to settle?
Why should businesses, who operate on razor-thin margins, have to pay 3% for every credit card swipe from a customer? Why does transferring money from a bank account to a brokerage—or any other company—take two days? Why are saving rates so low or even negative? Why is it so difficult for entrepreneurs to obtain funding from traditional financial institutions?
Campbell R. Harvey, Ashwin Ramachandran, and Joey Santoro introduce the new world of Decentralized Finance in DeFi and the Future of Finance. According to the book, the current financial ecosystem is ripe for disruption, and we are witnessing the reinvention of money in real-time.
The writers give the reader a clear appraisal of the current financial system’s issues and how DeFi addresses many of them. The idea of DeFi is that we communicate with our peers directly, with no intermediaries or related charges. Savings and lending have been re-imagined. Trading is done by computerized algorithms, which are not available through typical brokerages.
Defi and the Future of Finance Book Release Date
- Publisher : Wiley; 1st edition (August 24, 2021)
- Language : English
- Hardcover : 208 pages
- ISBN-10 : 1119836018
- ISBN-13 : 978-1119836018
Defi the Future of Finance Book Download
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