The Wharton School of Business thinks that DeFi has a lot of potential but admits the industry is still immature.
In brief
- The Wharton School of the University of Pennsylvania has just published its assessment of the decentralized finance (DeFi) sector.
- While noting that DeFi has the potential to “transform global finance”, the report also highlights a variety of obstacles faced by the sector.
The Wharton School of the University of Pennsylvania has released a report titled “DeFi Beyond the Hype,” produced by the Wharton Blockchain and Digital Asset Project in collaboration with the World Economic Forum.
According to the famed business school, the DeFi industry has the potential to transform global finance. To date, however, it has yet to fulfill the hype.
“DeFi has the potential to transform global finance, but activity to date has concentrated on speculation, leverage, and yield generation among the existing community of digital asset holders,” the report said, adding that the novel industry is exposed to many risks.
