Lessons from the crypto winter: DeFi versus CeFi
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper analyses the mechanisms involved in the recent failings in crypto-asset markets, focusing on events in 2022 through September. The paper assesses the role of centralised finance (CeFi) and decentralised finance (DeFi), and the disproportionate impact the crypto market turmoil has had on retail market participants. It examines learnings...
