Hi Amadeo
what do you think of this project by the world’s central banks?
https://www.exchangeunion.com/en-gb/
and their ability to pick the winners and dump the losers of the DeFi foodchain?
1 Like
I know Binance is trying to break into the Defi market. Bidao is an interesting product that can interact with various blockchains and crypto currencies. A first in the industry.
1 Like
this project seems a bit shady
2 Likes
Despite its recent issues makerdao is one of the most important foundational projects/infrastructures in all of blockchain and gives ethereum a definite advantage in the protocol space.
1 Like
Anyone know if there is any solution on the DeFi stack for wills or splitting of your crypto estate upon an event (say death)?
1 Like
Binance launching smartcontracts that can interact with ETH will open a new door for developers. ,Binance stable coin and taking into account the volume of investors and capital increases the chances of success. Binance vault covered the previous hack if I am correct which keeps its reputation in tack. CZ keeps building and the token burns keep happening. I see Binance being a as a platform that will interact with the ecosystem and being a major player in DEFI. I do see Binance being the biggest threat and will end up having too much DOMINANCE in the market. Its like investing in Microsoft in the early days.
2 Likes
This course has been very eye opening for me. I thought I kept pretty good track of things but obviously this is growing far faster than i had initially anticipated. I love this course and what it will allow me to do without middlemen taking all the profits! amazing stuff!
1 Like
The Ethereum based projects have already been comprehensively reported here, this is why I am writing about some other projects.
I am wondering why nobody mentioned the waves platform. They created the waves DEX which is now called wave exchange. It is now maintained as a separate project, lead by a different team. It can be seen as a hybrid exchange, but still a kind of DEX. Recently the first stablecoin was launched (USD-N) on the Neutrino protocol. On waves the aforementioned Neutrino protocol was developed which is quite similar to MakerDAO. In the Neutrino protocol you can lock your waves token in a smart contract and you get the equivalent value of USD-N back. Each USDN token is programmatically controlled to always be worth one USD. This is handled by the issuance and pricing of the NSBT stability token.
User can stake theses USD-N on waves and earn interest. The last time i checked the annual interest was about 11,2%.
TRON also started first Dapps in the DeFi space. I know about two project JUST and Zethyr. I don´t know a lot of JUST, but in the Dapp you can stake TRX and get a decentralized stable coin. In Zethyr
you can deposit WIN and/or BTT ( and then generate a loan of TRX. Zethyr has also a DEX. You can trade different TRON-based tokens.
–> I don´t trust Justin SUN and therefore I am not following his projects. This are only general information which I can remember.
I know from ontology that they want to do a lot in the defi area, but unfortunately I do not follow the platform very actively anymore. Maybe someone knows more and can provide some information whats going on in ontology.
3 Likes
There really is a lot of change happening incredibly fast in this sector. I am still enjoying the classes. I’m curious if you have an opinion on Kava? https://www.kava.io/
1 Like
This course was an eye-opening experience. I didn’t know there were so many decentralized finance apps available in the market. I believe this industry has a bright future.
1 Like
Sorry but I do not see TRON, Waves or Ontology as a blockchain 
All have Technology and governance issues because they are not real block-chains …
So I would not say there is any DeFi on these systems …
Since these system for what ever reason get support from people buying their token there is volume so I will call this more like open finance.
1 Like
Lets see how it go’s but really love the idea … do not understand the token model but idea is great 
Hi Amadeo,
I hope you are well!
Not too sure about any suitable content for DeFi 201. I would just say the most practical and applicable content on day to day business:
Enjoy your Sunday,
Nicolas
1 Like
Hi Amadeo,
I put some more thought into this also considering what Mathijs wrote about trust, which is a key point.
I think the concept of a credit score needs to be measured somehow. A way of doing this could be by using an ERC20 token which represents the track record of an ETH address to repay a loan. I imagine this would work something like this:
- A person takes out a collateralised loan either on a specific platform or any current platform (such as Compound or Oasis etc. as currently happens)
- The loan is collateralised using a required value of ETH (or other cryptoassets).
- The loan is repayed over time and on completion of the final payment the borrower receives a certain amount of the ERC20 token proportionate to the amount they originally borrowed, the time frame of repayments and other important factors etc.
- This newly minted ERC20 token is stored in the ETH wallet and can then be traded or kept by the owner to be used as a contribution towards a newly collateralised loan.
This would allow people to essentially monetise their ability to repay credit. The ERC20 tokens would only be created when someone upholds on a promise to repay a loan - and so would fundamentally represent the economic value generated by repaying a loan on time as promised. Another aspect would be how the value of this ERC20 token might vary with time, depending on how many people in the entire system repay loans on time and how much and often people are borrowing.
I’m interested in what people think about this idea - let me know if you have some thoughts.
Thanks,
Jamie
1 Like
Oh sorry, then I missunderstood the topic here. I understand where you are coming from and I am thinking exactly the same but I thought in this topic we should mentioned “all” DeFi" projects. Maybe you should add that the topic here is only for DeFi on the Ethereum blockchain! However, thank you for your anwer.
1 Like
Hi Amadeo
I trust you’re keeping well.
I have immersed myself reading your recommended sites and articles in the Defi space for the last 3 weeks. It is refreshing with your guidance to approach and understand DEFI in an organised way. In reality the information out there is overwhelming and can confuse the best of us especially non technical people.
The first time I partially understood the potentials and the opportunities the blockchain was in 2014 through following Bitcoin, however at that time I didn’t fully understand the logic of the working protocols behind it and how it worked, so I just followed Bitcoin as the cryptocurrency. In 2017 - 2018 onwards I understood the basics of Ethereum platform rather than just ETH the cryptocurrency, I realized the potentials and the new exciting opportunities namely in the Defi space; I could finally see and truly understand this is the new era of “The Programming of Money and Tokenization of Anything”. Ever since, I wanted to be involved with a project in mind.
I myself a person with plans for a start-up in the defi space (draft White Paper stage) there are a lot of unknowns or lack of clarity as to what is the best direction/way?; as non technical person (playing catch up) is confusing, so many questions unanswered in my head, like what are the tried and tested best protocols, trusted processes, regulations, trust in the Trustless system, risks, jurisdiction, recruitment, Implementation, Token Economy and overall Costs and many many more?
I am trying to learn from different projects out there; I noticed a lot of really great projects and ideas with one foot in CEFI and one foot in DEFI. On the other hand, there are great projects fully DEFI and heavily dependent on the Ethereum platform and ETH as the main collateral asset. I see a cap reaching there unless there are other strong value assets that can be collateralized in addition to ETH.
My question and concerns, Do those companies with both foot in CEFI and DEFI spaces mean they are prepared and geared up for an expected/pending regulations if and when it comes? And on the other hand would this mean the fully DEFI Dapps not gain the traction and leverage from the big money financial institutions due to future Regulation unless with DiFi compliance? How would this affect the real value of the defi space.
For instance I see Stablecoins are problematic issue for governments and I fear Stablecoins being regulated or something in the future or controlled by the SEC or similar as security; my question, what would be the alternatives be to counteract the loss of benefits the Stablecoin mechanics brings to adoption and growth ? I see KYC, AML, Identity and Insurance being a major part of the defi space in the future.
From a pure business prospective and the position of the cautious mainstream institutional and private investors alike, the issues I foresee are one of regulations and or lack of it. In reality big governments will act at one point in the future, they will pounce when they have global consensus with each other (ie G20) on this matter and have set themselves with CBDC’s (hopefully the consensus would take years to agree).
I fear once regulations come to play in the blockchain/cryptocurrency arena, we could see more success form the likes of Microsoft, IBM, R3, Corda, Nasdaq, JP Morgan, Marco Polo and Private backers of startup projects and many big players, essentially the big boys who pretend and play by the old rules with a permissioned blockchain setup to gain the advantages for the blockchain enterprise/business (Please tell me I am wrong). Trying not to be negative just trying to be a realist. They will bring that big brand trust image and manage(control) the blockchains. I believe this is why pure blockchain with compatible protocols must be fully decentralized with every meaning of the word.
As we progress through time, how would the different ecosystems on different protocols communicate or interact and cooperate with the different platforms? I feel this essential for the unity of the blockchain and decentralized trade. Imagine the banking or the monetary systems around the world that do not interact or are not connected, the system won’t work.
I feel the same with the all ecosystems, with all the different protocols and the growing number of decentralized business/ideas/projects (Dapps), they must be in sink and harmony with each other’s protocols for it to be truly a successful system and that No One platform can control everything. Hence I have an eye on ChainLink, Quant Networks,Bidao (Amadeo please correct me if I’m wrong).
To conclude, in my opinion the blockchain the defi space is growing fast with amazing ideas and projects, however it needs time to mature and prove itself which is doing day by day, it needs liquidity, it needs to demonstrate to the masses to trust the DeFi and that the trustless system works well on the long term and Dapps simplicity and usability. Unfortunately the dreaded regulation (hopefully soft) we need to factor in. From a business prospective we have to ask ourselves how can we best get in the liquidity from the masses and the main financial system into the fully defi space??
Thank you for your time. This is needs a good sit down, a good chat over lunch,dinner and drinks. 
6 Likes
DeFi is the cambrian explosion of open financial systems … Access to an open and privacy preserve financial system should be a basic human right
2 Likes
Hi @amadeobrands really enjoy the course here, the more I learn the more fascinating defi is. I have been around a long time since $30 dollars a bitcoin and I can see the space is now becoming what was dreamed about back then.
Anyway one question I had been playing around with WAVES for sometime, I have not seen them on any of the defi apps, I had always assumed WAVES was with their Dex I would like to know how they differ or similar please?
Stephen
3 Likes
Hi Amadeo,great course so far - thank youvery much, just wandering , on Nexus I could buy NXm tokens with ETH from my metamask, but for some reason I cant do the same with DAI .Also,when I go to Contracts in demand, choose Uniswap for example then it tells me to Enable NXM Tokens and …nothing happens. I can see my balance of NXM tokens and DAI on both, Nexus dashboard and METAMASK but cant actually do anything with it,can you help please? thank,regards,Peter