Wharton: DeFi has the potential to change global finance

According to decrypt news, the Wharton School of the University of Pennsylvania has just released its assessment of decentralized finance (DeFi). The report says: ” DeFi has the potential to transform global finance, but activity to date has been focused on speculation, leveraged trading, and revenue generation among the existing community of digital asset owners.” The report also says the emerging industry faces many risks.