DeFi digital finance stack - Discussion

It seems there token release scedule is not really clear feels a bit like the HEX scam.
But yea it meigt pump an other 10x but it seems very risky to me.

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High risk, high reward. Everything I’m getting now is pure profit. Thank you for letting me know your opinion. I appreciate it.

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It would be nice to have a POS app that allows me to pay for services/products with my digital assets seamlessly.

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Wow, Amadeo,
Thank you so much for this course.
My mind is blown away by the whole DeFi concept and I was fascinated to learn about Decentralized Insurance. I had no idea. The possibilities are endless and I am only sorry that I am at the end of my being rather than at the start :frowning:
Even with the little exposure that I have had over the last 2 or 3 months, I can see how Huge this space will become.

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I have spotted another project which I feel is worth mentioning here. I had tried to use Ivan’s concept in identifying the potential of token as follows:

KLEROS

An open online dispute resolution platform bringing justice for all
Kleros is a decentralized application built on top of Ethereum that works as a decentralized third party to arbitrate disputes in every kind of contract, from very simple to highly complex ones. It relies on game theoretic incentives to have jurors rule cases correctly. The result is a dispute resolution system that renders ultimate judgments in a fast, inexpensive, reliable and decentralized way.

Key Info
Research Date: 22/07/2020
Market Cap: $31 Million
Holders: Decentralized / No Majority % Ownership

  1. Narrative:

Decentralized Application (DApp) built on Ethereum.

  1. Is it trending in CoinGecko?
    Not Yet.

  2. Telegram Groups / Twitter:
    Yes.

  3. Long term Narrative:
    Future plans already in placed to enhance privacy of contracts and providing a more robust source of randomness based on sequential proof of work.

  4. Macro Narrative:
    The global expansion of e-commerce and finance increases the need for arbitration and dispute resolution.

  5. Sub-Narrative:
    • Court
    • T2CR
    • Oracle
    • Escrow

  6. Are there successful project that already been performing well?
    No. Kleros is the world’s first decentralized court.

  7. Twist Element
    The first Decentralized application which fix disputes within and outside blockchain community.

  8. Good Technology
    Yes. ShellingCoin Mechanism

  9. Fundamental Values
    Staking is required to be selected as Jurors, staking amount will determine chances of being chosen to arbitrate a case. Juror get to earn (PNK) tokens.
    Governance mechanism is allowed for token owners to:

  10. Set Policies

  11. Add New Subcourts

  12. Modify Parameters in Subcourts

Happy yo hear this thank you :slight_smile:
I just made a first video where I interview a DeFi DEV :smiley:
Let me know what you think?

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Nicee super :smiley:
I know some people from Kleros they seem legit.
Only thing I struggle with is the long term token economics of the token it self.

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Exactly! I find the usability and problem solving is excellent! However, the ā€œpumpamentalā€ may not be present. Am still learning along the way. Great lesson and insight you have provided in your DeFi course. Thank you Amadeo :slight_smile:

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I will begin using Kyber Network much more and explore the 1inch.exchange which also looks very interesting I believe that decentralized exchanges are the future

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Balancer brings a unique usecase to the DeFi space. It provides portfolio rebalancing services at negative costs (you are paid an interest rate to have your assets balanced). If you held BTC, ETH and BAND with a 60/30/10 ratio at the start of June you would have made a significant return on BAND protocol whilst BTC and ETH have hardly moved in comparison. This would cause your ratio and thereby your risk profile to skew towards the best performing asset. To fix this you might spend some time buying and selling assets to meet the desired ratio or hire a portfolio manager to take care of it for you.

Balancer allows this task to be executed automatically by offering your liquidity to traders who use it to capture arbritrage opportunites in the market and pay you an interest rate in return.

With regards to other blockchains building DeFi, I’ve noticed Tron has been copy pasting much of the functionality from Ethereum however they’ve still made more progress in DeFi than the other ā€˜Ethereum killers’ such as Tezos, Cardano and EOS.

Cosmos also claims to have a ā€˜blockchain agnostic’ ecosystem with some promising DeFi projects such as Kava offering BNB collateralised lending

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Hi Amadeo, great course… thank you.
I like the Maker Dao building block of Dai. It offers great interest for lending and collateralised loan. The lending pool for borrowers earn interest.
Compound is great for farmers.
The DeFi insurance Opyn is great too.

I want to try staking on Uniswap.

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Hi Amadeo, Ivan has talked a bit about derivatives in DeFi and Synthetix has come up a few times. I had a look at what people have said so far in this thread about it. It’s all very much over my head still but did we cover the minting and burning tokens process? I understand how burning tokens is a part of controlling supply of stablecoins (I think). I will absolutely go over the content again and the reading material to get a better grasp of things.
Regarding derivatives, do you see that becoming the focus of DeFi in the coming future?
Thanks again

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I was going to mention the DMM project as well. Maybe I’m way off base, but it seems the type of assets they have as collateral would highly depreciate as more and more people cannot meet their bills. In theory, with a healthy world economy, this seems like a great idea, but now especially during this crisis, I’m not too sure.

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I watched your vid and enjoyed. Also subscribed :slightly_smiling_face:
Awesome course so far, and really learning a lot!

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Uniswap is a decentralized exchange (DEX) that allows users to swap between ETH and a plethora of other ERC20 tokens.

DEXs in general will be an essential building block in providing liquidity to digital assets and lowering the barriers of entry that normal financial services have held high for decades (e.g. needing a bank account to be able to invest in stocks).

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Genesis Block and Mainframe Token
These are worth mentioning again – Mick Hagen founder.

Genesis Block

ā€œGenesis Block is a digital bank that’s built with blockchain technology and decentralized protocols at its core. We’ve designed it in a way that users don’t need to know or care about what that even means. But know and care about this: because we’re leveraging this tech, we can deliver value and opportunity for our users that they simply won’t find anywhere else. And because it’s crypto, we can do it globally from day one.ā€

Mainframe Token / Lending Protocol

https://mainframe.com/

ā€œThe Mainframe Lending Protocol allows anyone to borrow against their crypto. Mainframe uses a bond-like instrument, representing an on-chain obligation that settles on a specific future date. Buying and selling the tokenized debt enables fixed-rate lending and borrowing — something much needed in decentralized finance today.ā€

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For this assignment I research Cardano. Cardano is emerging to be blockchain 3.0 and a competitor to Ethereum. Cardano will potentially offer Defi products, since they are advancing smart contracts on their blockchains. Cardano is proclaiming that they will operate their own Defi Ecosystems and interoperate with other blockchains and crypto-currency. Their goal is aiming to be the global financial operating system. Ethereum broke ground on the development of financial products on a global scale. Competition between Ethereum and Cardano means improvements and innovation on their respective systems. Here we have a wide space of opportunities for developers who will be incentivized to build projects on both Eco systems. As an early adopter of the blockchain technology, I’m looking to potentially make a career out of both projects.

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Vey nice. Thanks for sharing.
I subscribed to your channel so I hope to see more of what you do!

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@amadeobrands

Hello and thank’s for a great introduction to DeFi. I’m quite overwhelmed to be honest :sweat_smile: but also intrigued! I need to take my time exploring the details of different protocols, before I really know what to think. The DeFi insurance is extremely interesting.

Anyhow I wanted to ask you on your views on Cardanos potential contribution to the DeFi space. Not from an investment standpoint, but a technical one. What will they be able to bring to the table, if anything?

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I’m still interested in Fusion (FSN) interoperability, even after Ivan’s scathing (even a little comical) inconsideration of it in his last video, where he talked about Polkadot and Cosmos, while all the time there was the big Fusion logo in the middle of the screen.
Maybe he’s trying to keep a lid on it. LOL

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