3 Important Things You Need To Know From The US Federal Reserve Finance & Economics Discussion Series Publication On DeFi & Smart Contracts
Hello $TIGERS, recently there was a publication on the US Federal Reserve official website under the Finance & Economics Discussion series on Decentralized Finance and in this article we shall be sharing with you some of the important points mentioned we believe you should know about.
First and foremost, it is important to take note that Staff working papers in the Finance and Economics Discussion Series (FEDS) are preliminary
materials circulated to stimulate discussion and critical comment. The analysis and conclusions set forth are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors — as clearly stated on the first page of the publication.
However, could this be a great sign for DeFi and the United States?
Below are 3 important things you need to know from the publication:
- Governance tokens represent voting power on a blockchain project and are
unique to each project and Unique changes to consider for DeFi to reach it’s imagine potential — Available on Page 6 of the Publication - Additional Ways to reduce the volatility of stable coins with reference to the Presidents Working Group 2021 report on stable coins — Page 7
- The Blockchain Trilemma & DeFi Exposure To Traditional Finance with the USDT stable coin as an example — Available on Page 17 & 24 respectively.
The publication also discusses Lending, Decentralized Exchanges, Derivatives, Payments, Asset Management, Risk implications & several other areas of the decentralized finance ecosystem.
At TigerSwap, our vision is to build a fully decentralized ecosystem that serves as a bridge between the block chain and real life assets while bringing the power of v3 AMMs & concentrated liquidity to Binance Smart Chain network.
See development progress and platform here — https://app.tigerswap.global
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This article is solely for educational purposes. To join the conversation on the future of DeFi and the recent publication by the US Federal reserve and be a part of our growing community, please ensure to follow us on medium tigerswap-ex.medium.com. Here are some important reference links to contents as mentioned herein:
- US Federal Reserve Finance & Economics Discussion Series Link Here
- Decentralized Finance: Transformative Potential & Associated Risk — Here
- President’s Working Group — 2021 Report on Stable Coins — Here
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