DeFi: Crypto’s ‘Wild West’ of Finance | WSJ

DeFi: Crypto’s ‘Wild West’ of Finance | WSJ

Many are calling decentralized finance, or DeFi, the “Wild West of finance.” This fast-growing industry aims to provide automated banking services for cryptocurrencies to everyone, with no middle men. But DeFi is still in its early stages, which means there are risks. WSJ explains. Photo illustration: Tammy Lian/WSJ

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