Really enjoying this class @amadeobrands. I’ve been playing around with the zerion.io app and has been interesting learning how this works. The ‘Invest’ option works a bit different than I thought. I originally assumed that lending to a liquidity pool that returns trading fees based contribution % to the pool would always result in net positive returns (on a crypto quantity basis). I was surprised to learn the need to supply equal amounts to both sides of the pool. Really surprised to learn that the trading activity can change the price and quantity of assets in the pool and that market movement can work for or against you. I guest that’s how you learn…shock the monkey and see what happens
Agreed. I can understand why it hasn’t been done if there is a higher difficulty to it with minimal return. I’m not a data scientist at all, so I have no context or position to say how it should be done.
However, I think glassnode.com proves that all the data available on-chain allows for easier data modeling than traditional methods that may require permission from a third-party like FaceBook, Google, Amazon, etc.
I think that WBTC is an important part of the stack. Anything that brings the bitcoin ecosystem into defi will be great for the space. There also look to be some bitcoin based Dex’s.
https://atomex.me/ looks interesting. It’s a wallet with built in atomic swap capabilities.
Hi Amadeo,
Your course is amazing. All I can say is I had no idea! This was a real eye opener and I am looking forward for the rest.
I am thinking of doing arbitrage mostly to get comfortable working in DeFi and to learn what is out there. Any suggestion on how to go about it?
Kind regards,
Donald
Hi. Maybe offtopic but I got stuck at the first DeFi site I wanted to test. I connect Metamask with pooltogether.com, input the numer of tickets (DAI) but when the dapp asks the confirmation to spend dai, Metamask don’t let the confirm button to be clickable…
Thank you I will correct it right away
This is maybe a UI issue try to install Brave Browser or reinstall Meta Mask.
SAVE your private KEY securely do not lose that key!
Thank you Amadeo for answering like a Metamask support .
I am using Brave from years and I tried but id didn’t work, even if I
removed the MM extension, cleared the Brave cache, Reinstalled MM using the phassphrase, imported the account with some DAI via private key.
I’ll check other smartcontracts. Thanks
Hi Amadeo,
Thanks for all this knowledge. I was wondering what you think of Dharma.io .
From my understanding it should be DeFi but it asks to create an account before you can actually start lending. Also it says they will be able to recover your account in case you lose access to it?
Could you explain it please? Or if you have some reading material would be great as well thank you Amadeo.
I am thinking of doing the same , looking for passive income risk free options and I think DeFi is my new oasis , cant wait to learn more and dive deeper
Hi Amadeo
So much to take in. Truly amazed by it all. Feel like a kid in a sweet shop.
Signed up to crypto.com a while a go and made me want to understand this more and the risks.
Will be deep diving a lot, not sure when I’ll come back up for air lol.
Great content will have to go over this a few times for it to sink in.
Great job and thank you.
Plus good uniswap of shirt mid topic
Hi Amadeo,
Hope you are well!
Really enjoyed the Q&A with you yesterday!
Looking forward to do DeFi 201, when it releases.
All the best,
Nicolas
There’s a lot of information to process. I must go over DeFi 101 again for it to all sink in
I have more of a question to everyone. Why are people of the opinion that older decentralized exchanges, such as iDex are not really part of DeFi or becoming less popular?
My own thoughts are that these exchanges are more like Nexus Mutual; they are decentralized with trusted (in some cases even KYC) layer on top. Amadeo has mentioned that the UI or UX is not that great, and I agree that it isn’t as pretty as some of the newer dexes. The latter part could easily be improved, though.
What is your opinion?
I really like the SETs and that application to DeFi as the sets are nice automatic.
Insurance I definitely see as needed however we need a really solid way to provide the Oracle into any Decentralized insurance.
Hard to say which actual situations can break current protocols, for example the recent DAI situation that happened.
We will see how well the contracts will be able to interact and provide liquidity at the same time not be wrecked with Gas fees or Price Changes that affect underlying code.
Any thoughts on the HEX cd?
shout out to SecurityFundToken while I am here
So, I figured out that… Simply MM had no ETH to pay the fee required by the dapp!
I think this is interesting, the Incognito Project Will Give Ethereum DeFi Monero-Like Privacy. But it does not support full smart contracts, it still allows the creation of tokens and a limited set of scripting instructions. These are enough to create trustless bridges with other smart contract platforms.
In exploring some of the DeFi environment I think there are a lot of fascinating projects. I think like tokenized bitcoin there should be projects that allow for tokenized adoption of other cryptocurrencies that are not on the Ethereum blockchain.
I really like Tezos and am looking forward to seeing how DeFi develops on the Tezos blockchain. Tezos has formally verified smart contracts which I think is key to increasing security as a result of which more people will feel safer in moving from traditional currency to crypto. I also like Tezos’ upgrade mechanism that prevents hard forks. I am really looking forward to the following project: https://www.coindesk.com/wrapped-bitcoin-aims-to-kickstart-defi-on-tezos-blockchain
Having invested in BTC, being able to use BTC on the tezos blockchain sounds like an exciting project.
I would like to know your opinion on Tezos. Do you know about any exciting projects in that space?
Do you know of any weaknesses in Tezos when compared to other cryptocurrencies ?
Hi Amadeo, love the course.
Would there be some way to stack set into cdps? so your underlying capital eg eth is able to appreciate faster so you can create more dai to buyback more underlying eth?