โThe economic forces that allow intermediaries to hold market power in traditional finance might still exist in the DeFi world,โ added Makarov and Schoar, citing the examples of oracles โ the links between smart contracts and the real world, which might be persuaded to collude and falsify data without the proper incentives.
DeFi Can Exacerbate Volatility Without Even Avoiding Middlemen, BIS Reports Say
