- Share your thoughts on what DeFi is in this topic.
Decentralized Finance stands for the use of tradicional economics use cases like borrowing, lending…but in a protocol regulated by code not by centralized entities. Therefore give the people the freedom to interact financially without paying the middleman. - Write down your goals of what you want to get out of this course.
I would like to gain security when interacting in DEFI protocols without being afraid of my metamask wallet being haccked or the funds being rugpull…
I have already done DEFI 101 and Defi 201 with Amadeo, is this course bringing new things in addition to what was already there? I imagine so, becuase the space evolve so much that is why I am taking this course but would like someone else view…Thanks
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DeFi is Decentralized Finance which means there is no central authority that controls the entire system. Our current world and financial system is very centralized. This may have worked for some time but as the world is changing we are seeing how dangerous it is to have a central authority that can have complete control over everything. DeFi is a living and breathing system that is always evolving and growing with the goal of benefiting everyone. CeFi inevitably invites corruption and greed.
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My goal is to build upon the knowledge I already have within Crypto (which is likely pretty limited). I’ve been involved in trading cryptos and learning about the projects, but ultimately I want to become certified and much more knowledgeable on Blockchain so I can build a career in this industry.
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1.Defi is a decentralised blockchain financial system on which you can buy, sell,swap,trade,borrow and lend crypto.
It cuts out any third party`s and make all Txns transparent, trustless and permission less.
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- I want to have a better overall understanding of how Defi works as to make everything I do simpler.
- I want to be able to teach people the basics of DeFi.
- Get the most out it.
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- Share your thoughts on what DeFi is in this topic.
The DeFi is a concept in order to describe all about decentralised storing, transferring of money.
- Write down your goals of what you want to get out of this course.
I want to :
- know better about:
- dedicated usage of DeFi
- possible implementations
- create/growth new ideas of business within DeFi idea.
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Share your thoughts on what DeFi is in this topic.
Defi (Decentralized Finance) is a Decentralized Financial protocol that is without a central authority, users are not required to do KYC and can conduct transactions using their wallets they can borrow,lend, trade, swap crypto all under one umbrella with the help of smart contracts in Defi smart contracts are the core operator of those platforms without smart contracts we would have a centralized authority -
Write down your goals of what you want to get out of this course.
Getting a better idea on how DEFI works in more detail probably more when it comes to how pricing oracles are created and the viability of such contracts reentrancy attacks too and how proxies are used
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Hello all, let’s start this journey!
- Share your thoughts on what DeFi is in this topic:
DeFi in my humble opinion is where the financial world will inevitably go in the near future… A decentralized finance open to all, where the middleman, and all the inefficiencies and injustices of traditional finance will be eliminated. Long live DeFi !!
- Write down your goals of what you want to get out of this course:
I want to be able to hone my knowledge and become a DeFi master.
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1 DeFi is the direction of finance.
2 profits, knowledge,start to make plans by my own
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Decentralized finance is a set of financial services (and underlying nifrastructure) provided via decentralized application (dapps) built leveraging blockchain technology. This allows to remove control from single individuals and organisation (i.e.: banks), democratise access to services (i.e.: lending), reduce costs (i.e.: no middle men and overhead) and increase fairness (everyone is threated equally based on the rules coded in the dApp)
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I want to get a better understanding of what Defi is, problem it tries to solve, existing and potential future applications, how specific concepts works (i.e.: liquidity pools, AMM). With this knowledge I hope to be able to more closely follow development in the space and contribute to it.
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- Share your thoughts on what DeFi is in this topic.
I have already quite some experience with DeFi. I started to water my feet around mid 2020. I learned about Maker DAO and how to mint DAI using my Ethereum reserves. It was a mindblowing experience as if I were emulating the Fed. I wasn’t just borrowing money, but minting. In those days Ethereum fees weren’t so high so it made sense to mint 2000 DAI. However, by the end of 2020 the Ethereum fees skyrocketed. To mint 2500 DAI I had to pay the equavalent of $200 in gas fees. Ethereum was victim of its own success as many people were using DeFi (and I think it was the time when the NFT fever was begining). Therefore I started to search to alternatives to DAI in other protocols. I found one very alike in the Binance protocol (I can’t remember its name) but due to the fact that this protocol is heavily centralized plus the protocol low liquidity kept me aside and continue researching. I discovered the algorithmic stablecoins. Most of them had already crash. There was the Terra protocol and UST. It was fascinating to learn about, but the algorithmic thing kept me alert too. I was looking something decentralized but collaterized. Never found something like DAI in other protocols, but early 2021 was the time of the layers 2. I discovered Polygon and how to get loans with AAVE. This time were brick and mortar loans, not minting but for my needs work pretty much the same. Later on there were Optimism. I read about it, but never tryied. Polygon was doing just great. However, I have heard that Polygon means some centralization and perhaps suscepitible to attacks. I realy don’t know the answer.
I have heard that there were people developing strategies to make tons of money using all these possibilities that DeFI offers (lending, borrowing, staking, farming, etc). I do liitle know about them, and if they are very profitable they must been very risky too. Every once in a while a hear of protocols that I never heard of that crashes and people losing a lot of money. The most famous one is the recently crash of Terra Luna and its stablecoin. How lucky I was never to do my business in that protocol.
- Write down your goals of what you want to get out of this course.
Reinforce my empiric knowledge in DeFi to take more advantage of new protocols, trends, technologies, strategies, and so on. I want also to be more clever to spot the real risks on all the DeFi out there. I bet there’s so much to come and develop that there are unlimmited possibilites.
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To me Defi is a whole new world of investment oppurnity that will not block me from knowing what is going on with my money. It will allow me to understand what I’m doing with my funds and where it is allocated for without someone using it for something I didn’t know about. No middle person saying no I can’t do that or this. It feels like it will allow me to be on the same level as the big fish where I can understand the market place bettter.
My goals are to be able to generate wealth by understanding the Defi market place better. I know it all carry’s risk but in the Defi stack I learned about I can investigate any area I wish to pursue and gather all the knowledge available before investing.
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Share your thoughts on what Defi is in this topic.
- Defi stands for decentralized finance, so I’m thinking Defi is a financial service or app without any intermediary or middlemen such as banks or institutions. It’s like a direct peers to peers transaction but automated with codes in a decentralized blockchain environment.
Write down your goals of what you want to get out of this course.
- To have a very good understanding of Defi concepts and fundamentals
- To be able to use the Defi instruments with confidence
- Maybe have a career in the crypto-space such as Defi
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Share your thoughts on what DeFi is in this topic.
DeFi to me is finance without all the controlling intermediaries and middle men that are the gate keepers of central finance. DeFi, hopefully will present more options for transparency as well as a more peer to peer trustless environment. -
Write down your goals of what you want to get out of this course.
What I wish to get out of this course is the opportunity to delve deeper and use a lot of different platforms that hold great interest, but I’ve been unable to navigate by myself, and increase my knowledge regarding the space.
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- thoughts about DeFI
how Finance can be decentraliized by reducing the middleman through smart contracts to allow borderless finance, lending and borrowing, global trading without central system, manage own vaults, etc - my goals want to get out of the course:
find a niche that would benefit from DeFi, such as supply chain; improve remittances or improve credit union services to boost microloans in emergent markets.
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1. Share your thoughts on what DeFi is in this topic.
DeFi is a financial system where instead of trusting a central authority (bank, company, insurance company etc), we trust a transparent code that has been made and tweaked to be as strong as possible (tending to be trustless). This means no possibility of censorship. DeFi is also an opportunity for those who cannot have a bank account to access to the financial market just through their phone and an internet connection.
2. Write down your goals of what you want to get out of this course.
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I want to understand where DeFi is at now and how to stay updated
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I want to make money with it so that I can spend more time on that topic and hopefully help improve it and spread it around me
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I want to create my own protocol with a friend and therefore it’s important to see where we’re at now in terms of DeFi, what’s possible and build on that to optimize what we can offer.
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Share your thoughts on what DeFi is in this topic.
Decentralized Finance is a category of blockchain based dapps that broadly mimic the role played by traditional financial institutions (e.g. borrowing, lending, derivatives, options, margin trading, currency exchange).
Write down your goals of what you want to get out of this course.
Holistic overview of Defi. Tidy up any misconceptions.
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Share your thoughts on what DeFi is in this topic.
Finance has a broad meaning, but at it’s simplest it’s about accesing capital or putting assets to work ( assets and liabilities). Historical the ability to facilitate and profit from these transactions is centralised to institutions that are licensed to do so. Defi allows the same or even broader financial transactions to occur without the need for the institutions and middle men. -
Write down your goals of what you want to get out of this course.
I want to be able to clear define defi, see more clearly how to achieve defi versions of traditional finance and explore trust and protection in defi. Ultimately I want to shift from traditional finance into defi as a career and see the massive good it could do, if done responsibly
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1. Share your thoughts on what DeFi is in this topic.
DeFi, in my opinion, is a system that allows people to do anything they want with their money without involving centralized organizations such as banks, or third parties, regardless of their geographic locations, status, gender, etc.
2. Write down your goals of what you want to get out of this course
- Acquire a structured understanding of Defi as a whole.
- In-depth knowledge of concepts such as staking, yield farming, and flash loans
- Would you like to become a part of this system.
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Share your thoughts on what DeFi is in this topic.
a. decentralized finance
b. reduction of fees
c. maybe limits insider trading
d. open to anyone with a cell phone and a internet connection -
Write down your goals of what you want to get out of this course.
a. gain a better understanding of DeFi
b. perhaps even vest some funds in Defi (big perhaps!)
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Defi is the concept of transacting, lending, and borrowing money without the need for a third entity.
I specifically hope to learn more of the differences between the different defi platforms (maker vs. compound vs. aave).
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- i fully believe defi is the answer and solution to the absolute garbage that is traditional finance where you dont even have complete control over the money you earn.
- I know a decent amount of defi already, but i would like to fill in the gaps in my knowledge
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