AAve is certainly going to be number one is the future!
Excellent course and many thanks @amadeobrands for the many examples and links. I still have to learn a lot, But it is fascinating to see how the veil of mist is increasingly lifting and everything is becoming clearer.
NEAR Protocol is one I really like. Itās the closest competitor to what ETH 2.0 wants to be. It has linear sharding scaling and really gives a lot of attention to useability of their tech for devs. This is good, which will bring more developers to the ecosystem. Also 30% of all fees for smart contracts is paid back to the developers. So I see a big shift in DeFi coming to NEAR in the future.
I would have to say Iām liking the honeyswap exchange. With their faucet and cheap trading fees, Iād imagine this is what ethereum 2.0 will work like. Now, they have their honeycomb or farming available. Adding to the liquidity pools of honeyswap and staking them on honeycomb. I would maybe get some insurance when eth2.0 releases. Iām not too sure their future after the release of eth2.0???
I agree 100%. I do see some friction yet in these early stages due to regulation, for sure. Maybe weāll have to find some middle term application with real-life goods of services that do not demand fulfillment of complex regulatory requirements. Many times I find myself wondering what kind of product or service could call the attention to start mass adoption of tokenization. It could maybe be something quite simple like those micro insurance policies for smartphones, for example.
Anyway, tokenization and insurance will have to grab the financial world first, before embracing āreal lifeā as a wholeā¦ but weād better be on the right side when that happensā¦ 
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@amadeobrands - would love to hear your take on these ideas 
- I would like to see Aave protocol implement these functions:
- The ability to pay off a loan using tokens other than that which was borrowed:
e.g. deposit $ETH as collateral - borrow $TUSD - repay part of the $TUSD loan with portion of collateralised $ETH, or $ETH held in wallet, or any other token supported by Aave.
- The ability to swap collateralised tokens:
e.g. deposit $ETH as collateral - if $ETH starts losing a lot of value, have the ability to swap $ETH for $DAI (or other) within the $Aave protocol (like Uniswap within Aave). If using $DAI as collateral and $ETH starts pumping, swap to $ETH.
- Iām keen to see how the Polkadot network evolves over time - it sounds very promising.
Would love to see Polkadot courses added to the academy so I can learn all about it - is this something you guys are looking into or would consider adding in future?
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āā¦spot new building blocks that are essential to the DeFi digital finance stackā
I think financial NFTs (non fungible tokens) are essential to the DeFi space in order for people to gain digital ownership such of real estate, art, vehicles etc. Currently, we see many NFTs which bind to digital items and people can have ownership of the digital asset such as SAND which enables people to buy digital real-estate on Minecraft.
In the future there is an incredible opportunity for digital NFTs to reflect real-world assets in which people can purchase. They can just go online and purchase the unique digital token for a house that exists in the real-world and this will give them ownership of the real world asset. A digital NFT cannot be destroyed and its record transacted as part of the blockchain cannot be erased even if the real-world asset was to be. This engraves ownership of items to the owner until it is sold on the market to a different owner.
Additionally, opportunities will arise where digital NFTs based on real world assets can be used as collateral to pay for loans taken using a lending protocol or to use the maximum or part of the collateralās value to provide liquidity for borrowers so they can earn interest on their real-estate.
āAlso since the rapid evolution of this DeFi space what other Blockchains are you seeing developing a more mature DeFi infrastructure?'
Currently majority of projects are built on the Ethereum network and while other new blockchains emerge such as Cardano, the PolkdaDot eco-system is developing a more mature DeFi infrastructure by simply providing interoperability. I think of it as a bridge which connects disjoint parts of our DeFi eco-system to provide greater scalability and flexibility for developers to decide upon the best eco-system they think would be most suitable to deploy/re-deploy to.
When I think of Ethereum it is like Earth of DeFi and with other blockchains such as EOS, Cardano, Tron etcā¦ I see them as different planets to Earth as part of the DeFi universe in which a multi-bridge blockchain PolkaDot will bring all these different ecosystems together in one place to communicate data through one another.
Hello Thanks for the information and opinions,
I do not know if it was previously mentioned, but a project that I have been paying a lot of attention to: Defi Money Market (DMM) where you deposit ETH, USDC, DAI and USDT and receive a fixed rate of 6.25%. all backed by real world income generating assets viewable on-chain.
It has not had an impact on the ecosystem but I think it may have a future.
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Iāve done a lot of experimentation with liquidity pools, staking, yield farming and trading in DeFi. Iām definitely stacking within the DeFi space. I am using Uniswap.org, Honeyswap.org, yield.finance and hex.com. Within these platforms I am taking advantage of various interest rates, accruing of fees associated with trade of specific assets, harvesting assets based upon staked liquidity pool tokens and the first DeFi certificated of deposit, HEX. I am in the green so far and only expect to go up. I would like to get into some sort of Dai savings contract but havenāt made my mind up as to which one to go with. xDai is amazing because of the almost non existent fees associated with TXs. I would also like to check out the STAKE situation on xDai as well. If and when I use a stable coin it is ALWAYS Dai or xDai or WxDai .
Thank you for explaining defi. Iām glad that you discussed insurance on defi and I look forward to using these platforms in the near future. Iāve used radar relay in the past and it has improved dramatically like the entire crypto space. I would like to learn more about defi on DOT and Cosmos.
Iām slowly exploring the DeFi stack but taking it cautiously. There are so many different platforms and protocols but will definitely get deeper into it when I feel more confident I know what Iām doing - which Iām not at the moment.
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AirSwap: Peer-to-peer trading on Ethereum.
Liquality: Swap cryptocurrencies without intermediaries.
Protocols need to be created to protect both parties-buyers and sellers
Amadeobrands,
I have aquired some DAI tokens on Coinbase and lent some to compound as well as dYdX. The coinbase wallet has a super smooth and easy interface. What are your thoughts on coinbase?
I have found a sight (NEXO) that offered some nice returns. I bought $100 USD worth of the Nexo coins. I believe that Nexo is an insurance defi. I would love to know your thoughts on them as well.
Iām personally going to take a deeper look at and follow the progress of Alephi.im.
Looks like an interesting concept and project to me.
The UniSwap, SushiSwap, SalmonSwap drama is hilarious I would still start with uniswap 
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I would mention Rarible as a upcoming, important block in DeFi space as it enables users to mint, buy and sell NFT (non-fungible) tokens. Theyāre diversified in the market in the sense that NFTs offer a potential of āliquidā intellectual property for all forms of digital content.
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Right? crypto space is soooo much fun. Too many things coming each month with tons of funny moments also 
Itās hard to predict how itās going to be in future in the defi space. everyday there is happening so which will be successful i personally donāt know.arbitrary token can be purchased in the DEXs but canāt sell so people get rekt a lot.
Several CEXs have been hacked in a short period of time which doesnāt have to do anything with the defi space however I have would just like to mention whatās going on in the whole crypto space.
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One DeFi project I am following closely is Etherisc. Based on providing insurance but not just for Crypto transactions or asset protection, It currently has flight delay insurance and some others in development such as crop insurance and hurricane protection. If this project gains volume it would provide an interesting link between DeFi and real world needs.
What makes it very interesting is you can become part of the community and build your own insurance project, then you would receive a percentage of the premiums even if you arenāt the person selling that insurance policy.
An important aspect for the different insurance projects is some sort of readily available data about what is being protected. What I mean by this is for example:
Their flight delay protection uses the publicly available data about flight times and delays to automatically verify any delays and claims that would need to be paid out.
The project for hurricane protection says it will use data on wind speed released by weather stations.
This is an important aspect for any blockchain project that connects to real world events is that there needs to be a readily available database that inputs some sort of trackable data about the event. This data would then have to be coded in to the blockchain network so it could scan through data and verify claims in a decentralized and less custodial way.
On the Etherisc website they also have a timeline about the project that shows different events and conferences they presented at and some awards they won as well as product launches.
Defi is 
so much to learn specially to avoid risks.
I started with uniswap last summer , earned 400 UNIs while investing in some projects , it was really mindblowing 
!!
Then i tried honeyswap but a little , buying some xDAI as Ivan recommendation
Now im on Defi 101 course learning about Aave and rest of lending platforms, USDC vs Dai , tBTC seems really interesting.
Amazing world!! Lets keep learning daily 
ā:computer: ā:computer: