Compound went hammer recently. news coinbase is looking to list it on its exchange. DEX is a cool project as well, Kyber network is a great project too!
The time plays in your favor in this case.
Time will raise volume traded in REN network, so the rewards will increase proportional.
The increase of number of nodes will decline at the same time due to scarcity of REN token.
This way the reward per node will increase drastically at some point of time.
The resource usage of a REN node is quite minimal and even if you would need to increase some disk space at some point in future, this will never break the business case.
Today the reward would already compensate all this potential VPS fees.
The more decisive question is, āwill the volume increase in a way that rewards increase super-proportional vs. number of nodes?ā, so you can get relevant passive income.
The time will tellā¦!
Well done!
Totally agree! I was putting more focus on the cost and not factoring in this aspect of it.
VPS costs are negligible - from what I see today.
you could get a VPS for ~3 or 4⬠per month.
even today at this low volume you get compensation by earning rewards.
But anyway, the VPS cost risk is low because you could start with one year for free.
After this year you will see how the project made its wayā¦
Hola, Ariel! Otro argentino en europa que hace los cursos conmigo, que copado!
Iām trying to give myself the time to make a small mini game in Unity using Ethereum or Enjin (Iām a 3D artist/Game developer). But for now Iām continuing with DeFi 201!
Your project sounds great! Iām doing DeFi 201 too but first Iām doing the basic curses suggested to keep up.
A 3D artist! love it! have you heard about DoodleLens app? itās an AR app Iām sure you will find it useful and inspiring for your projects.
In my case Iām doing DeFi and Iām enrolled in the Academy, of course to learn, but particularly to implement those knowledges in a business model and build stuff.
Cool man please share
Would love to think with you on some crazy bounding curve actions.
Hi Amadeo,
Really had no idea what DEFI was, now much more familiar. Looking to earn some passive income on my coins. Although for me farming is too risky, just want to put my coins and earn interest. Any platform you would recommend? You mentioned a lot of them, to do lot of product in the course but if you could point me to one or two reliable. I have been using crypto.com to earn some passive income in my coins, working well so far, I can not imagine all I can do in DEFI if truly worksā¦
Hey, Amadeo,
Actually I was thinking of sharing the idea to see if others know how this idea could become something! But I didnāt know where to postā¦
How about making a very simple web-browser based FPS dueling game. You enter the site, (login with your metamask?) and you enter the waiting line to duel another player. During this waiting line, others can bet for you and you can bet for others. Once the counter reaches 0, you and your enemy get assigned a random gun, you enter a small arena, and the best and quickest wins!. Then the pool gets shared among the winners.
I was thinking of smaller details that can be added: For example to make it a no loss betting system, where if you lock your DAI a week in advance to the match date, you only bet the interest made in that week.
Or that during the match, you can also pay for āchestsā that get randomly thrown in the the arena, and the players need to decide if to go open the chest and the the ETH/ENJ in it, or just keep shooting his opponent.
How does that sound? And where could I connect with devs that could help me out?
Thank you for your time!
Heard from a crypto YouTuber about DMM: Governance (DMG), a yet-to-be-launched token on ETH platform which, though still w/o info is already featured as āUntracked Listingā on CoinMarketCap. With an impressive list of partners that include Coinbase, Huobi, Chainlink, and Draper Venture Network (with Tim Draper as major investor), I got curious, checked their website, and found myself swapping (since given the option in our currency) Canadian dollars to DAI. I wish I knew at that point how to evaluate a promising DeFi project. Any further advice, Amadeo?
Hi,
I see Cardano is waking up, marketwise and tech wise They are another blockchain that Iām currently looking into. I like their story and background. Hope theyāll make it, cause I think that there is no need to put all cards in one chain (eth)⦠there is always room for healthy competition. that makes us push forward.
Amadeo, thanks for the course. Definitely need a re-watch (more than one). Also, links to articles are very useful and demending to absorb.
Cheers
This whole DeFi universum is unbelievableā¦IĀ“m ecxited what we will see in the future
Thx Amadeo for making me DeFi Fit
Compound just recently exploded. Seems to have cooled a bit. Just trying to get my arms around it all. This course is doing a great job of directing us through the forest. So much to consume.
Iām developing that skill for detecting new building blocks.
REN is developing a more mature DeFi infrastrurcture by building a bridge with dark nodes giving BTC holders the ability to used their locked up value. Some Bitcoin maximalist may wake up one day and realize how much they are missing out. REN will be a way to use and hold BTC at the same time.
Not really a new building block, but Uniswap does not have a stable coin yet. I think once they get that it will moon fast. DMM seems to be building fast.
Hi. question. doing. On Maker DAO. Loking A DSR, Sill showing $ 0 compounded earnings why?
Savings
DAI locked in DSR
40.00000000
DAI
Savings earned to date0.00000000DAI
Dai Savings rate0.00%
Deposit and withdraw
Receive savings on your Dai. Deposit at any time
Deposit
Safely withdraw your Dai at any time
Withdraw
CMIIW, People who hold MKR have been voting it to be 0% since March (Black Swan event). Thereās too much DAI in circulation so the 0% is to encourage people to move that DAI rather than hold it.
You can lend your DAI on other protocols like COMPOUND or AAVE if you want to gain some APY.
Hi Amadeo, I was wondering if you could give your opinion about this project I found which is DeFI for Bitcoin called: https://moneyonchain.com/
They seem to be doing some similar things to DeFI except they collateralize Bitcoin. I donāt think itās using Eth and smart contracts though(?).