DeFi digital finance stack - Discussion

Really enjoying the course! I think the defi space is so interesting and honestly enjoy reading all of the linked articles. Reading all of the articles really changed my understanding of defi and makes me feel more confident in my understanding. Also the decentralized lottery and casino games are so cool.

GOOD COURSE INDEED. makes me think more about how things are working in real life:)

Hi Amadeo, being honest I can’t say that I have enjoyed this portion of the course though I recognise how important it is and really do want to know and comprehend more about the world of DeFi. As such aI have done, and intend to do more reading around the subject inorder to get a solid grasp of it.

Regards the rapid evolution of the DeFi space I have come across ā€˜Polkadot’ as a blockchain which has really grabbed my attention with it’s multi diversity/flexibility allowing it to converse with various external blockchains outside of itself as well as cater to the various parts of the DeFi stack.

I hope I have understood and delivered on your request with this discussion of the DeFi digital finance stack.

Thanks for all the info. I’m really excited about Cardano.
https://cardano.org/
https://forum.cardano.org/t/what-will-decentralized-finance-look-like-on-cardano/45531

I find sushiswap a very interesting emerging exchange. It’s origins definitely had some turbulence with its legitimacy. However, in recent months it’s gained traction and attention especially with the merger with yearn finance. I’m curious how it will continue to compete with uniswap in the future.

https://btcmanager.com/sushiswap-uniswap-market-share-yearn-merger/

I think Sushi swap is doing great in their project according to statistics.

https://defipulse.com/sushiswap

Hello everyone :star_struck:

i read this nice article about 5 top blockhain platforms for dapps development … EOS Looks great! :slightly_smiling_face:
but i dont really understand the most crucial differences yet…
what do you people think?)

The concept of de-banking is becoming an idea that’s taking on.
Right now I’m thinking of Celsius as far as the concept of de-banking goes, but as good as that is, it’s centralised.
Something else of course is the idea of decentralised social media. It’s not directly finance as such, but there is a kind of capital in terms of time, energy and effort that millions of people are putting into this every day.

I’m try to interact with the Binance Smart Chain, lately has strong growth in project building on top. Obviously is not full decentralized ecosystem because of Binance exchange but this bring more users and more and more liquidity in the contracts.
I start to use this with metamask for training and interact with smart contract without lose 10$ in fee everytime in Ethereum mainnet.
@amadeobrands what do you think about BSC? how it can be positively and negatively influenced by Binance in the long term.

I also see with big interest ADA waiting for the implementation of smart contract with next era. what do you think about the DeFi migration in Cardano? It is true possibility in some way @amadeobrands?
Im doing my research in other blockchain as i say in the previous lecture.
I’m in deep dive into Algorand, Neo and Cosmos. @amadeobrands some reading tips?
Any other want to reply with more information or question do not hesitate please.

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I am pretty excited about the DeFi ecosystem that polkadot will develope this 2021 so I hope you guys cover this later this year

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I would love to see a DeFi project in which companies can join a market for liquidity as a stock of some sort to promote investing with cryptocurrency in companies. I believe this will lead to more businesses adopt crypto as a means of exchange for their goods/ services.

Polkadot is a very interesting chain and Polkastarter/PAID network will be interesting aswell for for new fundraising activity

Hi @amadeobrands,

I appreciate the complexity of your course, but I need to admit that for me with zero background in finance it is a bit difficult to understand. However, I will dig deeper for myself and probably watch your videos a few more times until I fully understand.
I found a very interesting project though. I am not sure if it’s considered as essential building block but it shows how far DeFi has come in a very short time.
It’s called shopping.io and it allows to very easy spend your crypto for everyday stuff from Amazon, Walmart or Ebay.
I thought that’s great :smiley:

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I think ethereum will eventually have competition from cardano and polkadot. I’m looking forward to seeing more blockchain networks like these rise up as ethereum has over the years.

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I ran into polkacover the other day, while doing a deep dive on etherscan. It is insurance, being built on the polkadot blockchain. Very similar model to the one covered in the video. Also very new, the roadmap looks promising.

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I’ve been checking out Bridge Mutual, which has performed well recently and seems to be growing in the establishment to the crypto-insurance narrative. I noticed that no KYC is required…

ā€œOur platform does not require any form of identification from its users. All funds within our ecosystem are held in smart contracts; Bridge is entirely non-custodial, meaning no Bridge team member ever has access to the funds being staked on the system.ā€

They mention that they are also the first platform that covers stablecoins and protects users from price crashers.

I think the most interesting topic on the defi stack that is covered in the course which I was not aware of was the insurance projects. Very cool and very valuable to increase the adoption of defi projects in mainstream for people that are still not sure.
Definitely think that taking a good amount of time to read about the project and protocol as well as the UI of the project are critical for it’s adoption.

PiSwap- . Developed on Ethereum Blockchain, is a solution to provide flexibility to the platforms. PiSwqap distributes the fees and reduces the trading costs by 80%. With this, there is less chance of slippage.

Other BlockChain developing a more mature defi infrastructure, I would say Polkadot.

Initial DEX offering (IDO) - Like ICO’s but decentralised so anyone can get involved and solves some of the scam issues from ICO’s.

Really bullish on Polkastarter!

My opinion is that Paid Network is an amazing project, who i think has a great potential.
PAID Network is an ecosystem DAPP that leverages blockchain technology to deliver DeFi powered smart agreements to make business exponentially more efficient. It allows users to create their own policy, to ensure they get paid. It removes all unnecessary wording that confuses people and forces them to pay a lawyer and rely on legal counsel. Example: If you need someone to do something for you, lets say write an article and you say that you will pay when the article is finished. You make a small contract so when conditions are made- article is written, the payment goes through.
Paid`s utility for Defi is rewards for staking, lending and insurance, Escrow and Daico.