DeFi and the Future of Finance
Campbell R. Harvey, PHD, is a Duke University Distinguished Professor of Finance and a Research Associate at the National Bureau of Economic Research. Dragonfly Capital's General Partner is Ashwin Ramachandran. He is a Duke University graduate. Fei Labs was founded by Joey Santoro . He is a Duke University graduate.
Governments bailed out the very institutions that had harmed the economy. This incident prompted a thorough rethinking of our financial structure. Does it make sense that a stock transaction takes two days to settle? Why should businesses, which operate on razor-thin margins, have to pay 3% for every credit card swipe from a customer? Why does transferring money from a bank account to a brokerage—or any other company—take two days? Why are savings rates so low or even negative? Why are traditional banks making it so tough for startups to obtain financing?
Campbell R. Harvey, Ashwin Ramachandran, and Joey Santoro introduce the new world of DeFi and the Future of Finance in DeFi and the Future of Finance. The book contends that the current financial landscape is ripe for disruption, and that we are witnessing the reinvention of finance in real time.
The writers give the reader a thorough appraisal of the current financial system's flaws and how DeFi solves many of them. The basis of DeFi is that we interact with peers—there is no brick and mortar and all of the expenditures that go along with it. Savings and lending are being reimagined. Trading is done with algorithms that are far apart from traditional brokerages.
The book delves into some of the most cutting-edge protocols, including Uniswap and Compound. Many of the businesses included in the book you may not have heard of, but you will in the future.
As with any new technology, there are a plethora of hazards, which the writers meticulously list and determine which can be successfully addressed.
DeFi and the Future of Finance provides readers with a glimpse of the future and is ideal for anyone working in any section of the finance industry as well as financial policymakers. Over the next decade, the financial sector will be dramatically altered. The book teaches you how to become a part of the disruption rather than a victim of it.
Author: Campbell R. Harvey, Ashwin Ramachandran and Joey Santoro
Link to buy: https://www.amazon.com/DeFi-Future-Finance-Campbell-Harvey/dp/1119836018/
Ratings: 4.2 out of 5 stars (from 290 reviews)
Best Sellers Rank: #49,830 in Books
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