Decentralized Finance: Future or Farce?

7 min read

Decentralized Finance, often referred to as DeFi if you’re really short on letters, is a form of finance that doesn’t rely on a central regulatory system such as banks. It has become increasingly famous throughout the 21st century, but a lot of people don’t seem to understand what exactly DeFi is. The most famous example of DeFi so far has been the Bitcoin. A cryptocurrency which came into existence in 2009 (version 0.1) and has since skyrocketed in value, giving rise to multiple crypto-millionaires. But Bitcoin is neither the only cryptocurrency, nor the only form of DeFi out there. It’s…...

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Merle van den Akker Merle van den Akker is a PhD student in Behavioural Science, at the Warwick Business School. She studies the effect different payment methods, especially contactless and mobile methods, have on how e manage our personal finances. In her "free" time she writes articles on personal finance, behavioural science, behavioural finance and life as a PhD student, these are all published on Money on the Mind. With DDI, she writes on personal and behavioural finance, to ensure that knowledge from academia trickles into the mainsteam, and can help as many people as possible!