The BIS has been exploring the DeFi space for some time now. In 2023, the BIS said it worked with the central banks of France, Singapore and Switzerland to successfully test cross-border trading of wholesale central bank digital currencies and DeFi elements – specifically automated market makers. In 2022, two BIS papers said that DeFi could lead to bumpier financial markets and may not fix the problem of large intermediaries dominating.
Celo Community Ratifies Plan to Use Optimism’s OP Stack for New Layer-2 Chain
“The OP Stack largely provides what is needed to deploy an L2. Minimal changes are needed to support Celo's unique...