In a statement issued by the Federal Reserve, U.S. economic activity declined slightly in the first quarter of this year and inflation remained high, reflecting supply and demand imbalances caused by the outbreak, higher energy prices and broader price pressures.
A growing number of economists and investors are concerned that the Federal Reserve's sharp rise in interest rates in response to high inflation will raise the risk of a recession in the United States, while laying the groundwork for economic recovery elsewhere.
I've been busy lately, and I haven't had time to follow Twitter. Today, I relax with my friends during the day, and I don't have time to post videos until the evening.
The rapidly developing decentralized lending protocol in the past two years will have the opportunity to further open up the financial system in the blockchain world and bring DeFi to the second stage.
DeFi is a relatively broad concept, including: currency issuance, currency trading, lending, asset trading, investment and financing, etc. We see the birth of BTC and other cryptocurrencies as the first phase of DeFi.
However, decentralizing the issuance and storage of currency only provides a point-to-point settlement solution, and is not enough to support rich financial services.