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From “DeFi summer” to “crypto winter”: leverage, liquidations and policy implications

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Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/blogs/2022/01/from-defi-summer-to-crypto-winter-leverage-liquidations-and-policy-implications.html
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Decentralised Finance or ‘DeFi’ is the latest development in the crypto-asset space, and claims the potential to replicate the traditional financial system in an open, decentralised, permissionless and autonomous way, through applications built on the blockchain.
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