Question? What is economic bandwidth exactly and what are the benefits of taking out a collateralized loan? I am still a little confused on why I would want to do that.
Also what do they mean by trustless issuance and trustless settlement, I’m still a little confused on what those mean and their importance.
The network is overloaded, we had that with bitcoin in end of 2017 I think… The transaction fees were also extreme… Try it another time, if you are lucky you will get something around 5$…
So I am still a little confused on how a TRS can help you with funding , I understand it lowers cost but but why would someone trade there total returns for a percentage/interest I don’t see the big benefit? Also Ik if they have losses that that the counter party agreed to cover that , is that the main benefit ?
DeFi 101, fantastic course and well delivered. I think we all should be aiming to have are zero trustless Defi ecosystem.This will help everybody, especially the unbanked, to have access to finance. I am looking forward to have more insight.
Also, I am, currently, a participant in a new blockchain stack to be launched early next year with its own token. The blockchain is based on EOS building blocks. A new Exchange called UNITEX Exchange will also be launching with its STO tokens (Security Token Offering) early next year. The blockchain tokens will be offered for exchange on the Unitex Exchange.
Current participation is for closed members only. Opportunity to be a member and grab tokens before it opens to the public. If interested,
DM : [email protected]
There is a high demand for these services at the moment so the prices are going up atm.
ETH 2.0 is on the way and will reduce these fees over time.
That the costs are high means there is a high amount of value 
I’m very interested in Yearn Finance platform. They’re supposed to be a yield aggregator and therefore should provide greater efficiency in finding the best yields and better rates than what are available.
As far as which blockchains other than Ethereum are developing a more mature DeFi infrastructure…I’m not seeing much as of the moment…There’s DeFiChain that’s trying to bring DeFi to Bitcoin ; There’s Flamingo Finance that’s also trying to bring DeFi to Neo; Neutrino that’s doing this on Waves with the hopes of being interoperable with Ethereum…Most of these however are still being built out and have so far not yet achieved the same level as DeFi on Ethereum…
https://renproject.io/ , this project looks interesting. It provides multi-collateral lending, allows integration of cross-chain assets, and cross-chain OTC trading.
The Theta blockchain, decentralized video streaming… and so much more.
My new favorite.
Good find 
seems very interesting! thanks so much 
Bondly is a trusted, transparent and portable swap protocol designed to make the user into a marketplace.
Hi Amadeo,
great course so far with very interesting content. It seems to me that one should have already some knowledge about the “classic” financial world for a better understanding, so I’m progressing slower than I initially thought.
I´ve checked the different projects/companies you have mentioned as I’m interested in passive earnings for my tiny bag of cryptos, but I have the same fear at all of them => the custody of the cryptos. Companies for expl. like Blockfi offer nice interest rates but you have to SEND them your cryptos and, despite the fact that they follow the US regulations, there is no warranty real warranty that you will get your funds back than TRUST. Until know through the other courses I was taught to trust just the protocol 
…am I right with my fears or did I miss something?
Are some defi projects safer from the custody point of view than others? Which ones would you suggest as the safest ?
Regards and a safe christmas time to everybody
Hi Ivan Z 
Take a look at https://yearn.finance/earn
These are simple well-audited strategies that do the heavy lifting for you.
Hi Amadeo, bedankt
Fully agree; great course.
Love the forum. I learn just as much from reading through peoples comments and answers as from the class. Thanks to Amadeo for running and managing a great class!
Ivan,
I have the same concerns. Really want to invest a bit but am skeptical that I may make a mistake or be TRUSTing that my money will come back. Will no 3rd party to appeal to it is daunting!
Thanks for sharing man.
I also do not entirely trust 3rd companies or parties, and also they could be forced to follow governments regulations, so they are a risk.
From my understanding, the world will expecience for the first time 2 different types of markets or economies, centralized and decentralized economies, so you could choose protocols like BlockFi (Centralized) to invest your money, but also you have Compound, AAVE, YFI and others (decentralized), both will have risk, so basically is up to us (each person) to analyze properly a protocol and decide if the risk reward is worth or not.
But the cool part is, fort the first time, you will have the ability to choose how or where you use your money, before that what do we had? Bonds? 
PD: I do have funds in blockfi, a portion of my portfolio, just because the APY % is good enough, so for me, the risk reward is worth it to give it a chance (still i’m completely aware that they could goes with a very stupid excuse and get all my money, hopefully my analysis give me confident enough to trust part of my funds on them)
Carlos Z.
Hi Amadeo great overview about DEFI, thanks.
My thoughts:
DEXs and Stable coins section is very perspective. It goes totally well with the spirit of crypto decentalization and will serve ppl very well, specially in places where regulators will try to ban CEXs. There is though still many risks and scams, that is the trade off, when you open a place to everyone, you also open it to scammers unfortunately. But Metamask + Uniswap + 1inch + DAI… really opens many new opportunities.
Money markets, synthetics and insurance sectors need to mature. The core problem here is decentralization and not your keys not your coins. When you trust in the traditional financial system to banks or other institutions you relay on severe regulation. So when bank gets robbed you wont lose your coins. If smart contract gets hacked, you probably can say bye bye to your funds. Other problem is semi decentralized structure of projects. Authorities can anytime raid and seize the assets. Even DEXs aren’t totally safe. IE Pirate bay guys or Mega.nz founder, have only been hosting a web page, but today they are in prison. Also Uniswap.org is just a web page with know founders. But as long as you keep your private keys, you assets are somewhat safe.
Over collateralized loans Not saying that is some cases this is not useful, but to be honest, majority of ppl need loan because they don’t have enough money, not because they have 150%+ money to put as a collateral. We will see the development here if we can get into under collateralized loans. Or some kind of tokenization of goods that can be used as a collateral.
DEFI Insurances This is in my view definitely high potential, once the environment is safe (potential hacks or regulatory issues). The fact that the computer code can provide trust less contracts with instant executions is a great advantage over the bureaucracy in traditional insurance companies.
Synthetics Early, risky and so probably with the greatest potential when it comes to Billions that can go into this section. Probably with any significant raise of this sector, specially if traditional derivatives will face the crypto competition, we will probably see an unfriendly regulation. Time will tell, but the potential is all in crypto.