Decentralized Finance, Crypto Funds, and Value Creation in Tokenized Firms
Reynolds Holding
MAY 30, 2022
Decentralized Finance (DeFi) employs blockchain technology and smart contracts with the goal of enabling perfectly disintermediated financial markets. We document that CFs outperform the market by 2.69 Cumming, DeSantis Distinguished Professor of Finance and Entrepreneurship at Florida Atlantic University.
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