Another nice idea would be to create an arbitrage bot that gives suggestions for Furucombo. I love the furucombo website. It gives nice opportunities to play around with. Very exciting stuff. Thanks again for showing it to us @amadeobrands
I was playing around a bit with the coingecko api and it could be a good source of information for arbitrage
Ok then you know 
I was asked to be head of the Blockchain research centrum @ING did not want to do that … I wonder how all will evolve? It seems AMLD5 is still in effect https://www.coindesk.com/netherlands-amld5-regulations-hurting-bitcoin-firms … So not very hopeful …
The incentive to change is not strong enough.
Yea that is amazing.
An big issue in crypto is that we still are missing triggers or good data storage layers if that is here we can make those tools very well.
Yeah a lot of crypto initiatives get burned by that high starting fee.
Hi. I have similar thoughts. I am a healthcare practitioner in a public funded hospital.
It pain me to see the limitation in term of the direction of clinical care due to financial resources when we are treating certain condition especially patients with cancer and chronic illneses.
I hope to reach out to you in near future if we could work on something in this regards towards healthcare insurance. We probably need to involve both patients as well as the pharmaceutical companies. but this time the big key difference will be the patient being the main driver in this new system rather than the traditional system in which the big pharmaceutical companies that drive the system their whims.
Me too, Andres . If this new technology can be used to solve the problems and challenges you outlined it would be a blessing to human kind!
Great to be back to the DeFi2 course. It is indeed interesting times we live in… Its going to get more interesting as we move along the 2020ies
I have an idea where I would need nfts that serve a unique purpose, but once used they could be destroyed.
Sorry, might be the wrong place, but if a nft is burned, can you get some gas back or similar?
I dont think you can get gas back because they are fees used for executing smart contracts
@amadeobrands
Lately I’m thinking a lot about these stable coins (soft) pegged to the dollar. As I understand now they play an important tole in the DeFi ecosystem. But what happens if the pegs loses its stability because something bad happens to the dollar itself? Maybe I dont fully understand this yet but my feeling says that one day the dollar might fail and what will be the consequences for stablecoins pegged to it? Will it cause a cascading effect trough-out the DeFi ecosystem?
wow. hard to facilitate, but what a beautiful mind to create this application
Great course so far! This stuff is deep and complex! As far as improving the space two separate ideas come to my mind.
Firstly, something I am not interested in participating or developing but is highly needed. Smart contract security is the MAJOR vulnerability for capital loss in this space. Liquidations due to asset volatility are a sub issue within that vulnerability.
I remember what you say about the bridge being what’s missing, and I’m glad you brought it up. I have conceived that bridge in a different manner, and that is the pain points that limit adoption and usability. You say bridge, my thoughts have been on and off ramps with tradiational (fiat) capital. we agree!
The conversion (on ramps) for fiat to crypto agents are still very greedy either legacy financial system participants (visa etc) or newly formed players like exchanges, atms or the like which charge very high fees, and on the backend we have to pay to transfer the gains in crypto back to fiat through legacy banks. I do like how new crypto debit cards are becoming more in the norm (PLUTUS< CRYPTO.COM, but who want to spend the “good money”?
We can talk about all the intrinsic good stuff about how crypto empowers the unbanked and how we can eliminate the middle man but at the end of the day CEFI and DEFI require that bridge, which in essence is a middle man. Until the digital economy becomes mainstream and salaries are paid in digital assets that can interact in a decentralized manner with the new financial infrastructure, we are still supporting the legacy financial system, corporate greed, and lack of saturation and inclusion.
I also think that tokenizing assets has a brilliant future. One such asset i would like to research for a microeconomic model would be the emerald industry in Colombia, which faces several major inhibitors.
here are some benefits and solutions available via DLT technology and tokenization
a project such as this would be very dangerous, due to its disruptive nature. The need to involve the government is essential. Some of the protocols/Dlt structures are already deployed and ready for use. Large scale collaboration with tech hardware companies would be required. Development of the tech stack is difficult, mining areas are remote. Implementation of a gem tracing blockchain through NFT is elaborate, involving several vested legacy layers that might not have interests in more traceability and transparency.
If implemented, the end result would be a higher producing, more efficient, highly sustainable system that incentivizes contributors to add value and document the custody/state changes along the path from mountain to wearer. Additionally, the end product attains a higher value due to its unique history and immutable authenticity.
Should anyone become interested in potentially pursuing this project, please feel free to reach out as I have some very interesting insights and observations. I would be interested to form a non-profit, non-governmental DAO to make this project a reality
I must admit, in the DeFi 101 course, there were dozens of interesting articles explaining ETH solely, however I found among them, most excellent the two written by Ryan Shawn Adams. As I’ve invested now in a new project in the DeFi space & I am following it’s channels on Telegram, I read people have questions related to how will it effect in the future if ETH competitors arise, fearing them to outperform ETH. I’ve found an exellent explanation to understand ETH economic power in The settlement assurance thesis by Bankless, explaining the value of protocols in the time – value locked and the Lindy effect where something that has been here for longer is supposed to stay in the future.
Explaining further ETH staking as making it a store of value where ETH is locked in nodes and ETH is used to verify transactions, meanwhile incentives are generated. Stable coins can be used for transactions.
I understand bridges are neccessary to make real world assets connect to the blockchain. My most common thoughts are focused on how to explain to people around me about this so vast and interesting space, where there is no chance one will understand withouth the drive to learn and dive deeper. Mostly people are not willing to take risks, they think they can trust the banks, because the general lack of knowledge we have in our basic education about finance and investing. So I think most important is to educate people about blockchain to lead them to DeFi.
Like yesterday my daughter was learning about the history of money at school and they stop at paper money. So I ended up explaining to her about BTC, blockchain and inflation. Besides the great tech out there and yet to come, this is crucial for mass adoption.
Not aspiring to build any DeFi products myself straight away, taking the course more to grow my knowledge about DeFi in general. It’s fascinating to think about DeFI from a philosophical perspective.
It’s interesting to think how fast the DeFi development could proceed and the possibilities AI technologies can bring. There are already projects coming up with smart AI-based yield farming aggregators.
I was listening to a Bankless podcast episode a week ago or so, and there one of the guests DC Investor suggested that in the future there might be projects we might now struggle to understand, such as robots having their own DeFi accounts.
Maybe we as human investors could just chill and do whatever we wanted and let our pet robots generate yield for us.
@amadeobrands
Thank you for the classes! Great knowledge, i got an idea for car insurance companies and data/tokens rewards, specially to prevent fraud and prevent rewind millage. Reward drivers with a good file etc, just thinking though… Happy new year 2021 to all the Ivan on tech academy. seeya’)
Mr. Amadeo Brands, thank you so much for you work, I very much appreciate being able to engage with you considering your immense experience.
I feel as though blockchain technologies could solve voting/electoral issues around the world. It seems obvious to me, especially now with NFTs becoming more and more popular and even prevalent - being used for things like invoice tokenization and authentication purposes. There are so many issues around the world especially in my country of the United States, with alleged voter suppression or even fraud. I think the problem truly lies within an easily manipulated, archaic system that can be replaced with a blockchain based solution that uses NFTs to authenticate votes. I’m sure other people, smarter than I have already thought of this, and if they haven’t - there ya go.
Well I’m still developing my idea from previous category.
And Bridgeswap would be it. Bridging, Pooling, Staking (same coin both chains) letting people move their money and investments between chains.
Blockchain-based Financial Markets | Defi digital finance stack - Discussion.
Hi Amadeo,
Your ongoing personal research into Defi / Cefi Bridge is quite interesting. I have digged in deeper into the defi articles and I want to thank you for the referrals to the various article.
I have concerns regarding the bridge you are proposing. Having a bridge between Cefi (centralised Finance) and Defi (decentralised Finance) I think, in my opinion, would defeat the whole purpose of having a Defi (decentralised Finance) system. We are currently building or stacking different solutions on top of the bases ie Bitcoin and Ethereum Blockchains or others. if Cefi is introduce into the layers of the Defi space, this will compromise the whole stacking order. Security and efficiency would be greatly affected. What we want to avoid is any centralised control of any of the layers. We cannot put a square peg in a round hole. What you are doing is fine. But that should be another new paradigm shift altogether that we can work on.
I think what we should be proposing is to have Three (3) systems ie
(1) Centralised Finance (Cefi),
(2) Decentralised (DeFi and
(3) Half Cefi and Half Defi (CeDeFi) - The one you are working on. This is just my own way of calling it.
and let them operate side by side or compete. This will drive innovative solutions to the different sectors. Customers will decide, in the future, which one is appropriate for their transactions. Security and choice should be the essence here. Let the best man wins.
This is just my thoughts, what do you think? I welcome comments.
Love the course so far, especially that in the past 4-5 months I did a lot of self-study in DeFi, so it’s not as much of a shock as DeFi 101 was back in August 
.
I am looking at a few ideas that I think are not so mature in the market. One of them is cross-chain swapping (there are projects, but not as mature yet), Layer 2 applications (such as EasyFi on Matic) and of course what you mention in the course, real-world assets on the blockchain (e.g. https://realt.co/). Also insurance products seem to be relatively immature, the ideas have been published 5-6 years ago, but actual, real-life applications don’t seem to have a breakthrough just yet.
There is still sooooo much space to grow - but DeFi can drastically change the economy in the next 10-20 years. So happy to be part of this journey.
