DeFi digital finance stack - Discussion

Second version of AAVE is getting attentions, also very user friendly for those who are new .
Also expecting big movement in DeFi when Cardano finish to develop.

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since this video was made another blockchain created has been polkadot

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Couple new ones that I noticed that look pretty solid are Brodge Mutual BMI and HELMET. Relatively new so I’m interested to see how they progress. I thing Dex’s are the ones I see growing the most as etherium adopts more and more usage and there’s more and more demand for owning/trading assets.

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I am looking into Polygon which is a protocol designed to bring together Ethereum connected blockchains. I feel that this is going to be very important to the future of Defi as a whole because it will allow many diverse protocols to work together creating a a highly effective financial network. Overall I am seeing many projects in the early stages that all involve this concept of interoperability. In this case many of these layer 2 solutions can in fact help network congestion, create better security and in many cases speed up transactions along their native blockchains.

I would be very interested to hear others opinions and input on this subject as I am still very new to this space. Please feel free to respond with any thoughts that you may have.

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Numeraire, a hedgefund protocol where users can stake their eth based tokens to predict which investments in stocks will be succesful. interesting if succesful.

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While I will have to ask more questions about Insurance and other content from this section, smart contracts build on Bitcoin blockchain will be something when something like example defichain gains more popularity and adoption etc…

Definately the staking opportunities of defi are immense building blocks and are for sure of big interest for many people learning here and to go more and more into staking and providing liquidity

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I put some Dai in the Yearn vault (v1) a few months ago. High APY, but a fun little hiccup about 3 weeks ago I lost it due to a hack. Yearn replaced it eventually. Yearn has a lot of other awesome rates in their vaults, but I’m new to the game so some of them are still intimidating. Kind of like looking at a Cheesecake factory menu… 40 pages of food doesn’t help me pick something.

Other interesting looking DeFi apps: Alpha Homora (similar to Yearn where I need to get more comfortable)
Ocean Protocol
Bao (amazing APYs, but it looks like they are moving to V2/V3 and everything is locked up right now)

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Hey, im watching this video march of 2021 and its crazy how much the volume has changed from the dex’s shown in the video

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I guess my last post applies to this question too. BSC’s protocol, especially since it’s EVM compatible, seeing as how it’s an Ethereum/ERC-20 fork, has been making waves. Also, given the importance of KYC, what Jolocom is doing in the SSI space is interesting as well.

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Hello @amadeobrands

you mentioned in the vid on insurance that it is a huge opportunity to understand decentralized insurance.
I just read the Nexus Mutual white paper and if I got it right it is so interesting for early adopters because of the reduced costs NM provides more premium for its members who hold and stake, did I get this wrong or did I miss something about NM that gives users a big advantage?

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Hello, very new to the Finance world let alone DeFi but learning a lot about the workings of it. Great to read some of the comments over time.

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Bridge Mutual is one I have seen rising in popularity recently. However, even with all the recent growth, Defi has a long way to go towards maturity. Looking forward to the future!

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Nexo.io seems interesting but not really sure if it’s solid or not? Tornado Cash seems interesting as well as it breaks the on-chain link between recipient and destination addresses in order to improve transaction privacy, it’s number 18 on defipulse.

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Never thought deeply about our Financial System, how does it really work and what are all the players.
Since most things in finance we take for granted, it never crossed my mind that all these entities are essential for an healthy crypto system.

It’s been an enlightened path, and it’s a lot to read, assimilate, and test :slight_smile:
But, I’m looking forward for the next videos!

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I think that the next ā€˜big’ thing in eth is layer two solutions like grt

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I think i get what you are asking here - is it to do with the anonymity?
Quite valid with the fact that banks and centralised exchanges report crypto transactions to IRS/HMRC etc. (not that i’m advocating you avoid reporting it in your tax return though!)
As far as i can see, unless you buy peer to peer, i guess you could do localcrypto or a similar site, there will mostly always be a footprint. I’ve also recently seen some shops that do western union etc. start to offer crypto which i’m guessing could be over the counter in exchange for fiat. Let me know if this was what you meant and if you found a different way of doing this!

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I got some BAO token on Gate.io because i think it will do pretty well :slight_smile: I agree yearn is pretty good

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Ramp DeFi is an interesting project. Most of the DeFi platforms are based on Ethereum. Ramp DeFi came with a solution so that non.ethereum users can use the DeFi yields and benefits.
I also have high hopes in Cardano, lets see how that works out in the future.

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CDP seems to be a scared conception. If the ether rate is decreasing dramatically and there is a shortage of the collateral, which cannot be covered, what to do?
Someone else like a liquidity provider has to cover it to hold position? If the borrower of DAIs (SAIs) is not able to return to the LP ethers his/her position will be forcibly closed.
I think that the DeFi is nice for miners and people who earn in ethers permanently. Although in case of high volatility their loans through Aave, let’s say, can be impacted by collateral cryptos rate plummeting and people would receive some alt coins, very cheap priced, instead of, in instance, the USDT lent.

Is there any way to hedge these risks? Opyn covers only DAI, USDC deposits in Compound. If oTokens are pit options who will be buyer of them? Other words who will take a risk?

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I am quit confused that CFMM ( constant function market makers) are the same for thousands of couples of crypto currencies.

It might work for access tokens but it cannot work for asset tokens. I think that each particular world’s real asset business generates its own AMM. Let’s say we have an ambitious plan of the tokenisation of the evolution of residential real estate and we deem this evolution as a consequence of development merges, housing associations joinings, etc, called as evolution cycles.

Synergy coefficient which determines price upside is different from one cycle to another. Therefore the token bonding curve consists on different parts, depending on business development of the ecosystem. AMM can be easily created by mirroring of the token bonding curve and adding of the divergent term to provide infinite liquidity.

Which DeFi platform allows to create own AMM?

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