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2019 Money Markets Review: MakerDAO and the Federal Reserve

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Last year, the Federal Reserve surpassed its debt ceiling and dislocations in the US money markets shed a light on a structural shift in the global banking system. Over the same period, decentralized finance (DeFi) has evolved to ‘version 2.0’ with MakerDAO upgrading to a multi-collateralized model and further cementing itself as the ‘DeFi Fed’. Is Maker actually doing things differently and can it provide a viable alternative credit system? 



Andrew Gillick, Khareem Sudlow