After the record run of bitcoin and other cryptocurrencies, you might wonder what’s next for blockchain-based finance. Professor Campbell R. Harvey and crypto experts Ashwin Ramachandran and Joey Santoro offer a bold answer: a whole lot. They argue that decentralized finance will bring financial services to the unbanked masses, and eliminate fees and delays for everyone else. Dubious readers might question if all this is a tad ambitious, but blockchain believers will likely eat up every word of this concise treatise. Whichever camp you’re in, you’ll appreciate this glimpse of finance’s potential future.
About the Authors
Campbell R. Harvey is a professor of finance at Duke University and a research associate at the National Bureau of Economic Research. Ashwin Ramachandran is a general partner at Dragonfly Capital. Joey Santoro is founder of Fei Protocol.