Defi is an option other than regular banking as we know it, Defi offers access to financial services and investments creating a lesser need for middle men and giving clarity on your transactions as it can be verified on a ledger.
DEFI gives more control to account owner.
Defi is accessed through the internet.
For me Defi represents the chance to decouple the financial system from the global power structures, that have continuously abused the privilaged position of control through the fraud of fractional banking, the US$ global currency backed by nothing, the Central Banking monetary circus, value manipulation through interest rate fiddling, taxation by inflation, enforced global Sovereign Debt through IMF and World Bank fraud, war funding from Treasury Bond scams and currency devaluation, I think thereās more but thats a good start.
Personal Goal: Maybe to change the world
DeFi means Freedom and giving the control back to the community.
I think DeFi allows us to borrow or lend money, as well as invest for capital growth and interests, without going through the vetting and approval of big institutions such as banks. By taking advantages of blockchain networks, DeFi matches up borrowers and lenders directly, through trustless protocols, and avoid red-tapes, restrictions, and transaction fees with respect to traditionally trusted financial intermediaries.
My goals of taking this course are to renew my knowledge about DeFi in 2022 and finding a way to re-build my DeFi portfolio again. I took Amadeoās old version of DeFi 101 before and had some experience in making DeFi transactions on the Ethereum network; that was around 2020 to 2021. However, I found the gas prices for making transactions kind of hefty, especially for small users like myself. The gas prices can easily exceed 50% or more of my transaction amount. So I kind of quit using DeFi for a while. Iād like to know if things have improved and if there are more economically viable ways to use DeFi in 2022.
Share your thoughts on what DeFi is in this topic.
A. For me, DeFi and the trustless aspect is most important, it allows me to control my own stuff. I donāt have to trust others (i.e. mastercard, citibank, SWIFT to name a few) to do the right thing. After all the bailouts and āso and so it too big to failā I saw the secrets the big corporations and governments had with each other to keep out the common person. DeFi is my way out.
Now that I have my rant out of the way, DeFi will keep finance closer to the way it should beā¦ me and one other entity, my control over my money. from smart contracts to staking, to contributing to charitable groups, I know what is going on with my money.
Write down your goals of what you want to get out of this course.
B. For this course I want a broad overview of the DeFi world and what it does and can do for me. eventually, I want to work in DeFi and comfortably control my own life.
DeFi dispenses with traditional Centralized Finance institutions, utilizing secure distributed ledgers to track transactions (thereby removing bank fees, having complete control over your money, allows for fast transfer of funds, etc.).
Goals:
Hello everyone,
After leaving the academy about a year ago and coming back now, Iām happy to learn along with others.
Defi to me means decentralized finance, in which itās main focus is to allow people to make transactions directly with another person without the need of a third party.
My thoughts on what DeFi is just decentralized finance. Trying to replace the products in finance that rely on middlemen with products that are backed by smart contract code instead of the middle men. Among other aspects are trustless, transparent, privacy, and sovereignty.
Share your thoughts on what DeFi is in this topic.
DeFi is Decentralized finance which means having the freedom and flexibility to make secure transactions and investment decisions 24/7/365 days a year without the need of a third party and in a trustless way.
Write down your goals of what you want to get out of this course.
I would like to apply the knowledge acquired in this course into practice in my own DeFi investment decisions.
Share your thoughts on what DeFi is in this topic.
Decentralized Finance is financial technology [a variety of projects and applications] that uses blockchain, smart contracts and cryptography.
It offers anyone with an internet connection the possibilities to trade, loan and borrow assets from another person without the need of an intermediary [like banks or other centralized financial institutions]
Write down your goals of what you want to get out of this course.
Using the information from this course and DeFi 201, I want to gain foundational knowledge about the technology and gain insights into how can I begin to leverage it in my career. I would also love to be able to contribute in projects that empower people who want to be part of the global economy but could not be in the traditional financial paradigm.
Decentralized Finance (DeFi) is the place that utilizes blockchain technology to run decentralized exchanges like Uniswap, Apeswap, Darkpool, etc. By removing the middlemen (the banks) new opportunities are made available to anybody with an internet connection and a DeFi wallet such as MetaMask.
Defi allows people to participate in liquidity pools, staking and farming in order to earn fees that otherwise would have gone to the banks in a traditional old-fashioned financial system.
DeFi and crypto are providing us with an alternative to big banks and their corruption of fees and centralization. No more blocking accounts, no more answering questions about where and why we are sending money and how much. Thanks, Defi!
As a SEO writer and incurable rebel, I want to learn as much about this branch of finance so I can contribute to spreading the knowledge and information about DeFi. I hope these courses will give me the knowledge I need to become an expert in the field.
After this course, I hope to be able to understand all the new concepts, functionalities that will emerge as the years go by more easily.
Some of the major benefits of DeFi for many consumers are:
Eliminates the fees that banks and other financial companies charge for using their services.
You store your money in a secure digital wallet instead of keeping it in a bank.
Anyone with an Internet connection can use DeFi without permission.
You can transfer funds in seconds and minutes.1
KEY FINDINGS
Decentralized finance, or DeFi, uses new technology to eliminate third parties from financial transactions.
The components of DeFi are stablecoins, software, and hardware that enable application development.
The infrastructure for DeFi and its regulations are still under development and debate.
2. My goals from the course:
1. I take a Defi safe loan
2. I earn money on FlashLOan
3. I put my assets to workHi Pawel, thank you for writing such CONCRETE goals.
I donāt yet know what is possible with DeFi, but you offered a starting place.
I feel that these practical examples will greatly complement the theoretical information in this course.
Defi or decentalized finance, is a new way to do traditional finance. It does allow common people with little investment or savings to access a hole bunch of tools to make money. All the instruments that was in the traditional finance like borrowing or lending and many others, now we can be part of that. We can be provider and benefit of those instruments to create earning on our money.
My goal is to lear as much as possible about Defi, mostly I expect that I can understand the fundamental of Defi, so I can understand how it works and how it will evolve through time.
1. Share your thoughts on what DeFi is in this topic.
DeFi is Decentralized Finance - a financial structure which allows us to use the financial services as in the current financial world such as (pay, investing, borrowing, saving, insuring) but without the intervention and prying eyes from the centralized controls.
DeFi is bound to disrupt the existing financial structure and bring with itself boundless opportunities a new financial industry.
2. Write down your goals of what you want to get out of this course.
- To learn about the basic and details of DeFi
- To apply in real life probably develop something out of it
To tap into the new possibility and opportunity of this new industry
DeFi stands for decentralized finance. It means exactly that but the mechanism behind it is takes a revolutionary idea and forces innovation. How do we make a decentralized finance system and what are all the components? Thatās where we are today. Having identified a digital currency we can use decentralized mechanisms to store, trade, build just as in traditional finance but with many of the limitations removed.
My goals are to understand this industry better. I have been investing since 2017. This is my second year in this program because it is taking me a while to get through the courses. I am not quite sure what direction to go in. I think there is a lot of potential in programming and I got bogged down in that course. I like it but not sure since I am a much older student. I am going to continue with learning that as well but I decided that I needed to do some of the other courses concurrently to better identify my goals which I think are: