The Essential blocks/layer would be the first, Layer 0 for the staking of ETH. All other layers that follow are just as important strengthening it as they pull from each others strengths and capabilities. The “lego stacking” can continue with countless possibilities and we are only at the tip of the iceberg. I see more and more opportunities in the insurance sector for the Defi space as more and more people seek for some type of compensation in case a crypto company messes something up with their investment. With insurance, like banks, funds are supposedly secured.
NFT’s look like the next big move in the DeFi ecosystem.
This Section just opened a lot of doors. A+
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Nice deep-dive, much appreciated !
DeFi has really grown since March, I truely excited to see how it grows moving forward. Projects such as Uniswap, Polkadot, Cosmos & Zilliqa are all on my radar. With NFT’s now evolving into projects such as tokenised real estate the future its getting very interesting.
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Some upcoming events in the DEFI space:
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For DIA holders there will be and airdrop soon, for stakeholders from September 25, 2020 - December 10, 2020. The longer the stake is held the more tokens will be dropped.
[https://airdrops.io/dia/] -
MantraDAO [https://app.mantradao.com/staking] is up and running with staking for its native asset. Current offer is 88% APY paid in the native token. They are still building but have released a few staking opportunities.
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Unicrypt [https://www.unicrypt.network/] released its new governance toke UNCX and recently airdropped it’s new farming token called UNCL. Yield farming begins tomorrow December 13, 2020.
I see that Alethio is now part of consensys.
What kind of fees does consensys charge for their data services?
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.
It seems like the DeFi realm is booming and moving very fast (even since the course was recorded earlier this year). All the various foods (sushi, yams, etc. etc.) were very interesting case studies as to what can happen and to the amount of appetite for high risk high yield products. As a number of others have said NFTs, and platforms that deal in them, seem to be a hot corner of the market. I suppose time will tell.
Also since the rapid evolution of this DeFi space what other Blockchains are you seeing developing a more mature DeFi infrastructure?
I am interested to see how Cardano progresses in general but also in the DeFi space. I know they have plans to launch their own stable coins and I am interested to see what the protocols for those ends up being.
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Man, there sure is alot to DeFi projects already! This space has exploded and I think it will become absolutely huge. DeFi Pulse already has the space up to 13.5 billion, since its 2020 mid-summer (June) parabolic start. I agree with your vision of the future in this space when you can visualize a blockchain universe with multiple interoperable blockchains all contributing to the crypto universe. It’ll be fascinating to see what continued innovation brings as we yearn as a community to at least create a hybrid reality between CeFi and DeFi, with DeFi being the ideal path. If nothing else it will give those of us another option other than the typical bureaucratic models.
According to DeFiPrime.com, Ethereum has 203 DeFi projects, while EOS and Bitcoin have 22 and 26, respectively. With Bitcoin’s market dominance being a real factor and gaining greater adoption as institutional, smart money starts to come into the space, it’ll be interesting if BTC will give Ethereum a run for its money in DeFi. I know BTC is a much slower network, but I’ve been hearing a little about the Lightning Network, although BTC is a limited, non-turing complete language. I still don’t know a ton about all of this, but continuing to learn this year. Thanks for the material man!
source: https://defiprime.com/eos
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I would like to see a protocol or contract that combats impermanent loss on your behalf when providing liquidity.
Hi
My first thoughts are why not simple one click fixed interest with insurance already added for fixed periods, 3-6-9-12 months
I have assets and i want a return short sharp and shiny approach, turn any ERC20 token into my stable coin then look at ledger [100-1] ledger states for every 100 tokens your return will be x at 3months lock up 6 months lock up 12 months and so on
please respond
Also im say rich in art please explain me a way to benefit from my art in the de-fi space ? i have ideas like pool my art however im a little unclear or confused figuring out weather to bridge or seek a way to wrap the art or find a liquidity so i can achieve an interest and add insurance etc
any pointers to help me finish off what im trying to achieve much appreciated
PLEASE HELP LOL
regards Darren
[https://www.unicrypt.network/] released its new governance toke UNCX and recently airdropped it’s new farming token called UNCL. Yield farming begins December 13, 2020.
Hello,
I have 2 basic question to DeFi.
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When we talk about decentralization in the DeFi environment, what does decentralization mean? I guess there is not a great decentralization achieved at the moment.
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A lot of DeFi project are probably based as a foundation!? How does the team get a salary for their work? With the coin token? I guess without incentive, there would be not as much innovation in such a short time period.
Really loving this course. It’s got me excited to see how it changes the capital market and exchanges.
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@amadeobrands you might have already heard of this exchange but this is a newer decentralized exchange https://www.oneswap.net
I have a few questions can you simplify governance for me I understand sort of how it works but now how the governance system works could you simplify it?
Why would you want to do a crypto loan? Adding liquidity to the pool and getting interest makes sense 100%
When you mentioned you have to put forth the collateral and the 150 ratio if your eth or whatever token you are using price drops and now the ratio is off does it have to be filled immediately or do you have time to top up to maintain your ratio or does this only matter at the end of the loan period?
Staking smart contracts in insurance you talk about this around 25 to 26 minutes in the last video… I’m new to this and this whole concept is confusing a bit how does one find a smart contract on their own to stake… I’m extremely interested in learning a lot more about this if you can provide some insight and some links to dive further in this I would appreciate it. I will be opening an account in nexus mutual to kind of go through their platform.
Thanks sorry for all the questions
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One thing that I can answer is the why you would want to do a crypto loan.
So if you own some bitcoin and you don’t want to sell it but you want to buy something you can take out a decentralized loan. The nice thing about a decentralized loan is that your payments can be interest only payments. Taking a loan on your bitcoin instead of selling is not a taxable event which is nice.
If plan B’s stock to flow plays out as expected that will be huge, if you take a loan out on your bitcoin you can count on the price of your bitcoin being somewhat predictably higher in 4 years. So in 4 years or less you could sell a much smaller amount of bitcoin to pay off the loan.
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Decentralization is defiantly a hard concept to grasp at first. Like why it is important. Especially if you live in an area where you have access to traditional banking and services.
When we participate in decentralized finance we bypass the middle man and do business directly with one another. Now we don’t have to support a CEO that makes multimillions of dollars to make decisions. All the rules of the game are written in smart contracts so we don’t need an office full of secretaries figuring out who owes who how much??? This makes the whole process more efficient.
This is all great because we save money but there is the downside, computers will replace a huge % of the needed jobs in the world. Now how do our communities make a living???
I believe a lot of government regulation and over reach pre-covid was for job creation. Example the united states tax code.
In a decentralized world the government will be much smaller and efficient.
Here is a cool music video that I found.
https://youtu.be/hqPo8_ulzAQ
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I found a new ICO called WISE token, It looks to me like it is providing a liquidity pool for the defi space and using the interest yield to distribute to token holders that steak. They compair it to a bond or CD but you don’t have your money locked up for a specified time frame.
I haven’t messed around with Meta Mask much and I have been trying to figure out where the heck my tokens are going.
I traded some ETH for some energy web tokens and they were there at one point and then I opened the meta mask again and they were gone?? I see them in the transactions but no account balance? I copied the contract address from the ether scan like the youtube video showed and they were there and then poof they were gone. any advice?
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Wow. Eureka! moment. That opened my eyes, definitely learned a ton on those videos. Spent my entire Saturday taking notes, reading and just messing around with these products. Traded a full ETH via Metamask for some of these smaller tokens just to check it out. Got to use Kyberswap, Uniswap, Sushiswap. Also, I found the browser on the Metamask mobile app to be a cool place to search, it reminds me of the internet from 1995 (a bit primitive haha).
This DeFi course so far has convinced me that blockchain technology is where I want to focus my attention 100% (apart from parenting!). Now I need to find a way to quit my 9-5 job in 2021 and go full-time crypto! BTC, ETH and XRP to the moon?!? Let’s gogogogoogo. More knowledge please, Ivan and team!
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Hello,
Ethereum being now way too expensive for me, I am currently using a lot of Defi dapps on the Binance Smart Chain and the new Kava blockchain too. I am also studying Thor Chain, which is an AMM exchange built on its own blockchain based on Cosmos SDK. And I am looking forward to using the future Injective Protocol exchange (also on Cosmos SDK). So many projects going on now outside Ethereum. However, I am set up on Matic and xDai (Ethereum layer-2 solutions) if one day some cool Defi dapps on Ethereum decides to migrate.
Cheers.
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Hi @amadeobrands!
What is your opinion about Eth 2.0?Do you thing some Defi can suffer lost ,bring about the freshly deployed second layer protocol’s glitches?
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