DeFi digital finance stack - Discussion

1inch was great!!

I’d love to get that figured out if I can do that from my own wallet. That be so AWESOME!!

I need to figure it out.

I see Zilliqa doing its thing over there with DeFi. They figured out the shrading thing first, right?haha

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@amadeobrands thank you for all the knowledge you are imparting in this amazing course. I am learning so much about DeFi and I’m looking forward to taking Defi 201 next. Also, I think I will start experimenting with MakerDAO to get my Defi feet wet and I’m feeling more and more comfortable to get into this “pool” thanks to you!

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I’m new to this space but it is the future, good course but hard to keep everything updated with speed of change.

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Soon there will be cross chain defi…

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@amadeobrands thank you for the knowledge you brought here. A project called Alliance Block aims to be an open protocol that can be used by all the various actors (CeFi and DeFi) and create a global decentralized capital market with a global governance fully compliant with local and crossborder regulations. I went through the whitepaper and the team. They seem serious, have a solid background. I think their ambitions are too big. Their principal users would essentially be institutionnal investors and they intend on launching their mainnet during the second quarter of 2021. I did pick a bag of that a couple days ago. We’ll see where it goes.

A blockchain I am really bullish on is Cardano. It’s a thouroughly studied project which technology is much more evolved than the currently existing blockchains.

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The Polkadot ecosystem is growing at a rapid rate. Several DeFi projects are building their apps on the Polkadot Platform. MantraoDAO is a good example of one of the DeFi projects being built on it. It is a DeFi app focused on lending and borrowing.

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Bitgear launches full stack DEFI and trading platform for digital assets.

Based out of Frankfurt, Germany, the Bitgear.io team aims to provide an unmatched exchange experience through the development of several tools that will allow traders of any skill level access to algorithmic trading strategies, arbitrage and decentralized finance (DEFI). Despite being a new entrant to the space, Bitgear.io offers several compelling products to current exchange offerings.

There’s more to DeFi than just the frenzy of Ethereum. Other public blockchains are in the midst of building out their own DeFi ecosystem :

TRON
POLKADOT
EOS
COSMOS

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And now DeFi stacks are being developed on NEO (FLM) & ONT (WING)
Who is having closer looks at these projects and what have you found?

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Teller seems interesting their token model is still unclear so would not invest but for sure key competent in the DeFi space

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In contrast to Ivan I do not see Tron as having any DeFi … it can just be stoped by Mr. Justin so really watch out … also have my question marks still for the other chains since I still feel the trust layer is to big so there is more danger for sure.

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This being a DeFi course we study with regard to a non-traditional, decentralized finance. Finance backs commerce and the area I was curious about was blockchain templates for merchants. I found both ready-made templates and scripts available for building websites piece by piece (links below).

These already exist, so I now wonder about what building blocks are necessary to most efficiently use finance. Maybe there’s a need for a Dapp that measures the potential of a business and provides finance solutions offers based on algorithms acting on the company’s known attributes and potentials. Maybe these already exist, but I didn’t find any.

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Answer to part II: Blockchains developing a more mature DeFi infrastructure.

OKEx has brought COMP, a token for the Compound protocol, which allows for interest collection. OKEx is developing with some cooperation with centralized Finance as its philosophy is that centralized finance can assist decentralized finance in achieving its broad goals toward better access to the benefits of finance to more individuals.

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Real state is another topic that i really like to see in DeFi :grinning: :exploding_head:. I look at Aave, basically you can tokenize your house as a whole or a part of it, and use it as collateral to take out loans for example on stable coins. The value of the token is get by oracles(chainlink) and can be traded in Uniswap, in the future you must have an insurance for this tokens

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xDai is becoming more mature by the day in the Defi space, and I’m really enjoying using Honeyswap. Low fees and really fast. I’m excited to see how this blockchain continues to mature in the coming years.

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I noticed in the lesson on Decentralised Exchanges, Dy/Dx was in the name of the video but missing from the content of the video.

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I’ve been using xDai and Honeyswap as well. Definitely had some hiccups at first, but I like the low fees.

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For sure looking forward to it as well.
Also Skale is interesting … https://skale.network/
Dot not just invest really try to use it :slight_smile:

Remeber that xDAI & Skale etc … are not L2 … these are sidechains and have pro’s and cons …
More bull I am for real L2 that is here also

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I haven’t heard of Skale before. I will check it out for sure. Thanks for the link :slight_smile:

I’m digging into some programming courses now too, and am excited to put all of this knowledge to work.

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I have to agree that xDai seems like it’ll play a very essential role as DeFi continues to mature. With the state of global economies being completely bulldozed because of the pandemic and possibly having one of your options of going to Dai and xDai as an asset you can put your fiat currency into when inflation hits.
One thing that I saw relating to DeFi was Binance Smart Chain. It perked my interest because right now their business model is being a CeFi exchange and an on-ramp for a lot people to get into crypto. And to see them have to balance their brand as a CeFi exchange, but using Binance Smart Chain to get into DeFi is very interesting to see. For example, the governance doesn’t fit the definition of DeFi. They have 21 node operators that run their Binance Smart Chain. These 21 operators are selected by BNB token holders, but with Binance holding the most BNB in circulation, they still have control on the direction of this DeFi project. Seemingly, they sacrificed going all-in DeFi with this project because they had to keep up with their branding as being a CeFi exchange. I don’t know how much of an effect this will have on the maturing DeFi space, but again it’s interesting to see a CeFi company try to either switch or get into DeFi.

I would like you to explore the DeFi digital finance stack for yourself and challenge you to spot new building blocks that are essential to the DeFi digital finance stack.

I think yield aggregators like yearn.finance which have taken off since the time of your recording are becoming a bigger part of the DeFi stack.