JEL Code
A12, B22, C12, C63, E12, E14, E31, E32, E42, E51, G51, H12.
Abstract
This article aims to offer a new free banking proposal with a 100% cash ratio that uses the DeFi 2.0 model. The current monetary system, based on Central Banking with fractional reserve, has created a huge debt spiral and has distorted the entire production system, which produces deep recurring socioeconomic crises that increasingly impoverish citizens. This paper presents an innovative proposal that aims to take advantage of blockchain technology using the Defi 2.0 model. It would be a first attempt to merge centralized finance with the DeFi world, laying the foundation for a fairer and more decentralized monetary society.
Recommended Citation
Spinoglio, Francesco
(2022)
"Redefining Banking Through Defi: a New Proposal for Free Banking Based on Blockchain Technology and DeFi 2.0 Model,"
Journal of New Finance: Vol. 2:
No.
4, Article 1.
DOI: 10.46671/2521-2486.1021
Available at:
https://jnf.ufm.edu/journal/vol2/iss4/1
Submission Date
12-8-2021
Approval Date
12-18-2021
Publication Date
1-28-2022
Included in
Corporate Finance Commons, Finance and Financial Management Commons, Technology and Innovation Commons