DeF fixes five flaws in traditional finance: Cointelegraph reviews the book

Writing a book on decentralized finance is like describing an invention, wrapped in a mystery within an enigma, to borrow from Winston Churchill. First you need to summarize the origins of modern decentralized finance, then the mechanics of the blockchain technology that provides the backbone of the sector, and only then will you get to DeFi’s infrastructure. Everything should be done on 191 pages, including the glossary, notes, and table of contents. It is not a commitment to the weakest of hearts.

Fortunately, the authors The Future of DeFi and Finance – Duke University finance professor Campbell Harvey, Dragonfly Capital senior partner Ashwin Ramachandran and Fei Labs founder Joey Santoro – were filled. Summarizing the “five flaws of traditional finance” – inefficiency, limited access, opacity, centralized control and lack of interoperability – they continue to explain how DeFi is improving the situation.