Hello! Have you heard about Odysee? It works on the LBRY Protocol. Its been very interesting to see how video platforms are working on the blockchain as well.
The one that comes to mind for me would be the Polkadot cross-chain platform.
Not heard of Odysee, will definitely have a look. Thanks.
Hi Amadeo , i am really enjoying the class and looking forward for the deep dives.
Personal i have my hands deep in DEFI now and i am enjoying to see how it works and learning more everyday , I have tried out various protocols and tried out lending staking and providing liquidity , the gas fees on Uniswap are very high to approve and stake but thatās just how it at the moment ⦠ethereal needs scaling .
On my DeFi adventures I have discovered Alchemix Finance . https://alchemix.fi/
An intresting protocol with the idea of a self paying debt through the interest generated on your deposit
I love the DeFi digital Finance Stackā¦
and I Love this Academy⦠greets to all
Question concerning the reading material. Are these essential in understanding the course? Should I watch the videos first and then to the reading or vice versa? I feel like I donāt understand everything of the reading atm.
PancakeSwap on Binance Smart Chain seems like a valid competitor to Ethereum based Uniswap.
Hey @Jordi_V, hope you are great.
Usually you should watch Amadeoās lesson first, the reading materials (videos or lectures, learning resources in general) are optional (in case you want to go deep into a subject).
If you have any more questions, please let us know so we can help you!
Carlos Z.
DeFi is so amazing to meā¦Thanks for the courseā¦I jotted some quick correlations between sectors and projects and will relay them here:
Exchanges: 1inch, Uniswap, Kyber
Stable Coins: USDC, Dai, Gemini
Money Markets: Compound
Synthetics (Derivatives): Mintr
Insurance: Nexus Mutual, Opyn (as both buyer or provider)
It is amazing to me that we can individually be involved in these industries in the decentralized networks. Traditionally, these were limited to big corporations. Wow!!!
DeFi is trustless platform to make financial markets decentralized and protected by mathematics. It covers field like Exchanges, Stable Coins, Lending platforms, Synthetics(Derivatives) and also Insurance sector.
Besides projects mentioned in the course I would definately point out Aave, Sushiswap, Yearn.Finance and Polygon(Matic previously). But in DeFi space is always something new and innovative to enhance user experience.
Hi Amadeo , i don`t agree this part of DEFI right now (stacking) , i know that the apy is very good but the whole crypto market is very volatile and if the market in some day will fall 80 % or more i can not withdraw my funds because are blocked in a stacking process for a year . For stacking it is more safe to receive the interest weekly and i found a new project recently Polka City (polc) which is very new but you receive the apy for stacking weekly not yearly. When the crypto market will began to be more stable then it is a great idea to stacke your crypto yearly.
What other Blockchains are you seeing developing a more mature DeFi infrastructure?
I am not sure if my mentioned example belongs in DeFi group.
At the time of my writing (8.4.2021) the NFT space is rising significantly. In the simplest terms, NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the blockchain.There is many projects building in NFT ecosystem. Examples: Bondly, Chiliz, Enjin, Decentraland, Theta etc.
a new block cementing into defi seems to be nfts. whether the nfts remain to hold their value through this pumpy times we will see. it will be interesting to see if you can loan/insure your nfts. something i will have to research further on.
GReetings!
One thing that makes it tough to explore the ETH eco-system as we have been discovering here is the fees. Paying the fees to try this and try that when work and money are on shaky ground given the current situation makes it tough.
Adoption is what is needed for survival and progress as I am understanding, correct me if i am wrong⦠Maybe if some of these platforms had demo versions for newcomers to play around with would be excellent. Going to some of these platforms knowing you dont have the loot āto experimentā is quite discouraging. Even if you have the money who wants to play around with their real money not really knowing what youĀ“re getting into.
I have seen some very interesting and what seems to be well thought out comments and questions in this thread. It is good to see some really getting a grip on the info!
Hopefully once I get a better grip on the different facets of the DeFi stack I can contribute more to the conversation.
Cardano, is an interesting alternative blockchain to me and worth exploring more of.
Hedera Hashgraph???
I totally agree! I actually bought $500 worth of ETH to play around with, and when I attempted to place it in a protocol the fees amounted to over $120! Not likely worth doing with those numbers. It would be interesting if there was a 3rd party website that you could get play $ and it would track how your investments would fare over time when put into one of these protocols. I may get to work on that myself actually.
There are plenty of new blockchain eco-system in this bull market. Cardano is one of them but still no SCs are built in it. BSC is similar to Ethereum thatās why many projects are migrating to BSC. Polkadot is very exciting but the main net is not live yet. A project i like is Theta network. Theta is decentralized video streaming and has partnerships with big names like samsung and sony. Theta has exploited live creation of NFTs and has created a marketplace and the mainnet 3.0 is coming in june 2021
Due to the high transaction fee its very expensive to explore on the Ethereum network. One of the alternative is to use Binance Smart Chain which is way cheaper.
I agree with some comments here about the fee to explore the ecosystem especially for newbies who are still trying to understand and experiment.
PancakeSwap on Binance Smart Chain seems interesting
Thanks for the course, I learned quite a bit. Iām looking forward to a protocol like Plasma Finance, that may make it easier to keep all coins in 1 centralized wallet, rather than having coins scattered across many wallets. I believe liquidity and trading/investing confidence would increase, which I feel are pretty important.
Hello there! Read through the comments of others - all valuable. In order not to mention projects that have already more or less established themselves or to go the easy way out - mention something which I have used and am satisfied with, I tried to briefly explore something completely new (basically from the Coingecko DeFi list) which led me to projects that definitely broadened my horizon. I am obviously not 100% sure that all of these are totally legit in terms of team experience & visibility and security tests, but I try to look for references on social media to shape my opinion. So hereās what I found:
- Saffron finance: which offers additional options for defi investors, putting multiple risk and return options toghether, to protect them from the possible downside of one single asset
- The Graph: the idea this project solves is quite clear and very useful I think, since it helps to structure and search for data necessary for various defi and other apps, plus it plans to develop these services for non-ethereum based projects
- Enzyme (melon): as the mass adoption of crypto grows, I think the service this project offers could be useful to many market participants - creating your own asset management/ investment funds, being your own asset manager
- Bondly: allows and makes swapping and exchanging different cryptocurrencies, built on different blockchains, it will allow simple exchange process (via secure messaging apps on our phones etc.). In the future NFTs could also be exchanged on Bondly services.
I think a lot more is going to show up on Binance and Iām also looking forward to Flare Finance. They have a pretty unique protocol however its still a little tricky to understand