Hi Amadao, thanks for the great course.
Pegnet.org seems to be an interesting project - have you seen it?
It is still very early, but the idea of being able to switch between assets including many stable synthetics is appealing.
Thoughts?
Murray
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Thank you Nicolas let me know any input you miegt have
Hi Amadeo,
I have a question about DeFi and credit scores that I think you will be able to help me with. You mentioned in the course that there are no credit scores in DeFi, and I am trying to get my head around how this works and whether this is actually fairer than the current financial system or not.
If I donāt have a credit score then the DeFi system can only use the collateral I put against my loan as the assurance I will repay. This is quite disadvantageous for people who are trustworthy but do not have a lot of funds to place as collateral. I am imagining if there is a way that a credit score could be tokenised to represent the likelihood of an Ethereum address (the address represents an individual) to repay the loan as agreed, based upon their previous repayment behaviour?
This would allow people without large funds to amass a track record of credibility or credit worthiness so that they can gain a higher loan amount. It would also incentivise users to repay on time.
Please let me know if I have not understood correctly.
Cheers,
Jamie
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Hi @amadeobrands !
I like DeFi 101 a lot, great starting point for exploring the ecosystem
Many thanks for putting all of these together.
On another note:
what risk controls/alerts youād recommend for tracking the collateral level in CDPs in Maker DAO in a case of flash crush of ETH?
Especially in a case of multiple borrowing of DAI: locked ETH --> DAI --> buy ETH on this DAI --> locked this ETH, etc. Itās not expensive to roll, since the stability fee is zero now.
Cheers!
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I was very pleased to discover that Coinbase recently announced that they will be supporting the DeFi infrastructure with deeper DeFi integration on their CoinBase Wallet. The app already lets you access decentralized crypto apps (dapps) using a dapp browser. But Coinbase is going one step further, with deep integrations with some of the most popular DeFi projects.
With this update, you can contribute to lending protocols much more easily. Coinbase Wallet lets you pick a cryptocurrency, compare interest rates across multiple DeFi protocols, interact with those protocols and view your balances in a unified dashboard, you donāt have to use Coinbase Walletās dapp browser.
For more info, please visit: https://techcrunch.com/2020/03/25/coinbase-wallet-lets-you-earn-interest-with-deeper-defi-integration/
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Tezos and ADA seem to be in a Soft War of sorts
all for the same Territory as ETH, so why not just build out ETH and work on ETH?
ADA never goes anywhere because the āparalysis by Analysisā the developers will never get Perfection but they are Too paralyzed, to actually Develop working Product.
Tezos is a bit quicker on the Development side but still stuck in Legal Battles
It makes more sense to me to STAY and develop and buy ETH because; it is bigger, has working developments, and ist bogged down by the Leaders
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Hello!
I read a worrying thread about MAKER on Twitter, about the market value and the sustainability of the project. The Author did some simulations with different Spreads, Bad Debt, and Liquidation Rates and concluded that the DAI in circulation needs to be in the trillions to justify the Makerās market cap and viability. I would like to know your opinion on this.
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hollaa, thanks and thanks and thanks again Amadeo, since i havent really explore the DeFi for my own experience, cant really tell which will have a big influence in upcoming blockchainā¦even so, in Indonesia there is Vexanium.com and try had sign up there, get their Vex (Coin), they said that someday i will be able to use Vex in exchange of Voucher from many FnB merchant in Indonesia, and so i try to Stacking the coin from my MobilePhone by buying the amount of RAM, CPU and Net needed, havent got the experience of having more money in return from Stacking, but i think i am on my way there, not the most concern things in my minds right now , what do u think?
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What about real estate investment platform, enabling fractional ownership in real estate on Ethereum (I only found this one => RealT https://realt.co)?
And what do you think about Equilibrium (EOSDT, https://equilibrium.io)?
Thanks,
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Hello Jamie,
I read your post and thought about it also. I believe that would imply trust in a environment that is based on as much trustlessness as possible. So that would seem contradictory to me. Maybe some sort of smart contract with even higher rates for under collateralized loans and higher rate of returns for the people that lend those funds? That would seem possible.
However, a loan is fundamentally based on trust, and what makes a person that builds up a high amount of trust not exit scam out of this semi anonymous relationship with the protocol i wonder.
Some food for thought maybe, Jamie.
Kind regards,
Mathijs.
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I thought about this cool idea, maybe it already exists but ill have a go.
So i was looking at TokenSet. A very cool concept of supporting a successful trader and getting some profits from it, and so will the trader.
Imagine a DeFi platform with staking, community voted trading pairs and bots that execute various trading plans. So you pool it together and then everyone gets a share of the profit equal to percentage gains. Would be cool if it could be ensured by a DeFi insurance, so when heavily in loss, like if someone has malicious intent in voting for weird bot setups or trading pairs, you get your stake back when it fails.
Any thoughts?
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Thanks for everything I have learned so much, Defi sound very interesting the Insurance parts is what got my interest and I will continue learning more.
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Great info! I am looking into Nexus Mutual and will explore it a little bit.
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Yes there are some projects like Shuttle One that you can see in the bonus interview that is trying to tackle this issue.
But this space is very open for deeper research.
Please help out and formulate your thinking and write data and ideas on research gate or Github and we can build them together 
I agree and I disagree with this 
100% true at current valuation etc that would be kinda needed ā¦ But do not forget Maker DAO ā¦ is a DAO so it is not our the the way with all the funds they still hold in foundation addresses etc they are maybe developing more then just DAI
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Scam alart red flags do your research man if you follow all courses you should know better ā¦
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i will do that Amadeo, thanks for your concern, will keep hawk eyes on them
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Interesting perspective Amadeo! I was sure that this question is known to many in the Maker ecosystem and so I asked. I think an interesting topic to be addressed in Defi 201 is also in relation to these governance proposals, as we saw in Compound as well. Ryan Sean Addams has some interesting ideas to decentralize the tokens so that there is a more uniform distribution of the tokens. Thanks for the answer.
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I have a problem with creating account on Nexus Mutual. I payed my membership fee, then on the page where I have to do KYC, I have a spinner that never stops, so I canāt press āIndividualā button.
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Questions running through my head:
-
Financial products on fiat money are already complex to understand, will DeFi makes it more simple?
Which DeFi services having real users already besides the crypto owners ? Why and when will this be used mainstream? -
A lot of services have companies behind it which raised money to get stuff build, in which extent we are realy going to full decentralized services?
-
What kind of simple DeFi functions could we build on the Bitcoin protocol by using just multisig?
Would this not more secure than complex smartcontracts where you have to trust code which are not easy to understand for everybody?
How could we simplify this?
Perry
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