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Information and Market Power in DeFi Intermediation

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NBER2024-09-01 更新2025-01-04 收录
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This paper considers the DeFi intermediation chainthe market structure that underlies the creation and distribution of ETH, the native cryptocurrency of Ethereumto examine how information asymmetry shapes intermediation rents. We argue that using proof-of-stake blockchain technology in DeFi leads to

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2024-09-01
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