again here, isn’t yearn a way to get the most staking rewards on your coins? that seems like an interesting block in the defi space
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Hi everybody,
Ive decided to look at the Flare network, it is not in operation yet, but will be shortly, so would be a good thing to understand previous to its launch.
The Flare network,(birthed by the xrp ledger) intends to be a two way bridge between networks, with it’s own complete stack of operations. SPARK which is Flares token, will be able to integrate with the ethereum virtual machine (EVM) so therfore will be able to run Turing complete smart contracts.
The xrp ledger (XRPL) is optimised for international payment’s on it’s public blockchain. The integration with Flare network to create FXRP aka SPARK will happen some point 1st quarter this year, via airdrop directly to participating xrp holders, wallets and some exchanges. At which point the flare network will be up & running.
The SPARK token opens up much value presently unused on the XRP blockchain, Flare will also be integrating other tokens such as LTC lightcoin, DOGE dogecoin, XLM Stellers token, unlocking the dormant value on all these tokens! Trustlessly! exciting times!
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@amadeobrands I really appreciate all of the amazing content! The next building block I see being a huge part of the stack is Celsuis due to the fact that they are working closely with tether and offering amazing interest rates on staked assets.
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Ok, so I literally just finished the course so there is so much more diiging that I expect to be doing in the coming days and I will be sure to update. Still this is what I have found so far:
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I am EXTREMELY interested in a few of the components of the DeFi digital finance stack myself and I really would like to see how I can incorporate them in my building and development efforts as well as my investment portfolio. They are Stable coins, Synthetics (Derivatives) and Insurance.
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These areas are extremely exciting and I really cant wait to see what has popped up brand new in these spaces since the recording. I intuitively felt more in alignment with them and felt like the other areas were a bit too involved and often felt a bit convoluted to me. I feel like I can get a good handle on these areas in a way in which I could find some success. one question I have about stable coins though, is if in fact I wanted to create a stable coin what do you think would be a suitable starting point as far as investment capital? For it to even make sense I mean.
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That being said, I do have a few questions about the other areas: namely, if I have 150% collateral to put up what exactly would be the point of borrowing in the CDP model? I don’t see how it translates to “lending services.” Is it just like a secured credit card or secured loan situation or am I missing something? I can see it making sense if you entered on the side of the lender but not the borrower.
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@amadeobrands Thank you for the wonderful content. But one thing that i recognize over the time is at the moment the extremely high GAS Fees. I mean if you are dealing with a few k the fee is minimal. But when you are investing a small amount, let`s say 100 bucks, it is nearly impossible to use Uniswap or 1Inch or something. I know the alternative is the BSC chain. But do you think that there is a change that the GAS fees are decreasing after ETH have switched to POS ? Chees Christian
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Pancake is wonderful… i self invested a little bid and the rewards are awesome. I also like the situation with BSC. I mean have seen the fees. really sweet. 
All the best and let more Pancake in your heart
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I found this little gem, sitting at 788M market cap, providing a great scope for improvement.
Alpha Homora (v1+v2), a product by Alpha Finance Lab, is a protocol for leveraging your position in yield farming and liquidity providing pools. In V2, lenders can earn high lending interest rate on multiple assets. Yield farmers can get even higher farming APY and liquidity providers can get higher trading fees APY from taking on leveraged yield farming/liquidity providing positions
I see, especially right now, a great deal of institutions and big players, discuss defi more and more.
The DEFI market it’s growing a lot, as shown below:
These are very exciting times, and I believe DEFI will take soon the place of CEFI
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In exploring the exchange rates the fees are way high. For instance transfering 5$ through credit card takes around 11-15$ of fee so for 5 $ in DAI you hsve to give 20$ of actual money. This doesen’t seem quite the investment, maybe on further notices or maybe on higher amounts the fee rate is the same ( as ive seen its not ). So the whole DeFi should see the exchange fee rate, but all in all its a new and fun eco-system to experiment with. I find the “pool savings”- where you invest in pool and you just leave the money there and getting bit of intrest bit by bit.
Really DeFi 101 really thank you! Course is helping in understanding the finance eco-system of blockchain.
Keep up the good work 
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the Polkadot chain, Uniswap being a decentralized exchange is gaining momentum. Chainlink is the future since its connecting the old with the new.
For the stable coins I believe USDC has the best option in comparison with others since it holds a 1:1 ratio of USD compared to a USDC token that is openly audited.
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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. Also since the rapid evolution of this DeFi space what other Blockchains are you seeing developing a more mature DeFi infrastructure?
Cardano will be the upcoming one. As of 3/3/21, their Mary hardfork is implemented.
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Other blockchain environments that are also developing DeFi stacks are Polkadot and Cardano. These have gotten most of the press since I started learning about DeFi a few months ago, but now I am starting to hear about Binance developing similar apps to run on their Binance SmartChain. I’ve still got more reading to do regarding this last one, to see exactly how decentralized and free it really is, given the corporate sponsorship, but this seems to be similar to how many other opensource projects maintain momentum.
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Looking seriously into staking after just getting into cryptocurrency in January of 2021.
Still researching.
Any thoughts on staking with a CEX?
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1.Essential building block: Modefi. Can’t really explain it better then they do:
Fully trustless and decentralized off-chain data, on chain
P2p incentivized network to obtain atypical off-chain Data
A trustless market place for oracle data clients and providers.
2.Future blockchains for DeFi: Matic. Not only maturing on it’s own (quickswap TVL exploded recently) but also innovating DeFi space by ‘aiming to become blockchain agnostic, which would allow for interoperable assets in the future’.
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I looked at all of the projects building on polkadot, from identity providers, to social, all sorts of things, helpful for new ideas and really interested to see what polkadot does this year.
But before then I need to learn solidity, and substrate (if I want to build on Polkadot?)
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There is currently a big debate happening regarding the Ethereum v Cardano blockchain. Ethereum currently has high gas fees due to the high demand for using the blockchain. Cardano recently implemented the Mary Hardfork which will soon allow developers to build on top of the blockchain and execute smart contracts. Everyone is looking for the “next” Ethereum. Could Cardano be the “next” Ethereum? Only time will tell.
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Binance Smartchain has really taken off due to high gas fees on Eth. Solana also has some apps on it and is very fast compared to Eth.
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When these presentations were made Ethereum dominated the DeFi space and still does in many ways but I think this year we will see some real competition, particularly coins built on the Polkadot, Cosmos Binance and Cardano Eco-systems.
Projects like Kava on Cosmos, Reef Finance on Polkadot take my eye amongst others. It will be interesting to see if any of these projects break into the top 50 market cap and compete with Aave, UniSwap and Synthetics over the coming year or so
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Uniswap is proposing a new update EIP 3298, which calls for the removal of gas storage. (it being burned after a set amount of time) It caused a major dip in CHI and GT. While this could help with the gas fee issues, there are a lot of concerns of long time liquidity holders could have their locked contracts messed up because their collateral burned.
https://ethereum-magicians.org/t/eip-3298-removal-of-refunds/5430
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Badger DAO is a new DeFi that’s out there and is currently listed at number 10 on defi pulse. From what I understand, Badger DAO is using BTC as collateral across other blockchains.
https://badgerdao.medium.com/introducing-badger-dao-ed47a586c619
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Need an Oracle to connect insurance contract data
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