Decentralized finance systems (DeFi) is a new blockchain-based solution, where transactions are carried out automatically through smart contracts without any intermediaries (banks, brokers, etc.), while users have direct control over their assets.
MakerDAO from a traditional finance perspective: Researchers analyze DeFi project retrieved 3 April 2024 from https://phys.org/news/2024-04-makerdao-traditional-perspective-defi.html
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