DeFi digital finance stack - Discussion

Hi Amadeo I totally agree, I am hoping Defi/blockchain will bring freedom and fairer society to majority in the world.

My question, Do we always need to have a bridge or a link or a door between Cefi and DeFi for this to work? Since we need liquidity from Cefi institutions.
And
How do the bankless in society access crypto without Cefi sector access point.

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This space is very fresh and exciting. The more I learn in here, the more my imagination is taking flight. I’ll be keeping an eye on Money On Chain which is a Bitcoin collateralized stablecoin project using RSK smart contract network which is a 2nd Layer/sidechain built on the Bitcoin Blockchain. There is a third layer which is a technology stack called Rootstock Infrastructure Framework Open Standard or RIFOS (https://blockgeeks.com/guides/rootstock-blockchain/)
Not sure if this was a link in the DeFi course but it would be nice to get some thoughts from the community. Is Bitcoin Network DeFi too simple?, or is the simplicity justified by the security of the network.

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Hi Amadeo , thank you for all the work you put in to sharing and teaching this course . It must be really hard to put down a video when things are changing so much .
What do you think of ETHlend ? I like the idea of being able to set your conditions and it finding a match .

Sorry I do not think Waves is a real blockchain.
Would not trust any of my funds in their sorry.

This is the wet dream we all have now so lets hope we can fix this ASAP

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Really enjoying the course, Amadeo!

I’m argentinian and living there and then moving to the netherlands has help me see how a corrupt banking system can destroy the old teaching of the generation of my grandparent’s and parent’s: Save, save, save.
If there is a hyper inflation or even a bank run, your money is worthless and gone. You saved it all up to see it fly away.

That’s why I am here today. To learn how to outsmart those systems and create a better future for my and the upcoming generation.

This chapter of the course really opened my mind to new ideas! Insurance, staking of tokens, syntethics… woah… so much to dig through!

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You are so right the more we read he mind become creative with so many imaginations.

Bitcoin on Ethereum entering the defi space is a major move IMHO. This will bring major liquidity to the DeFi economy, exciting times. I am looking into tBTC, this sounds like an amazing decentralized project in comparison to others I am aware of. Check it out tell me you think.

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Amazing man :smiley:
I will be back in Amsterdam again soon so we can catch up.

Q. I would like you to explore the DeFi digital finance stack for yourself and challenge you to spot new building blocks that are essential to the DeFi digital finance stack. Also since the rapid evolution of this DeFi space what other Blockchains are you seeing developing a more mature DeFi infrastructure?
A. Well, I found this recent article. Probably sponsored by the CCP. It’s a co. in China. Quoting from article: ““In a sense, dForce aims to become the WeChat of DeFi. Just like [WeChat functions as a “super-app”] that connects different protocols and products, dForce plans to integrate DeFi around the globe as a “super-network.
The DeFi-focused foundation has so far deployed a [stack of protocols] and projects, such as a synthetic indexed stablecoin pegged to a basket of fiat stablecoins called USDx. The foundation has also introduced a fiat-stablecoin lending protocol called Lendf.Me, which according to the dForce, already boasts close to $30 million in assets and $10 million in loans outstanding.
The foundation is also set to launch new protocols for 2020 that earn yields in pooled assets and interest on savings accounts.
How does it all work? dForce founder Mindao Yao explained in an interview with Decrypt : ”Unlike other synthetic assets that primarily rely on price references without any underlying assets, our synthetic stablecoin is 100% collateralized with constituent stablecoins,” he said.””

Huge goals!!

Link.

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Question regarding Maker DAO: Some where in the documentation they mention that replacing the peg to the US$ by a peg to the CPI index and that this is not an issue. I have two questions regarding replacing the $-peg:

  1. How would such a switch actually happen? It seems unlikely to happen quickly as trust needs to be built first for the new peg before migrating 100%? But that leads to the further questions namely if there can be 2 pegs that run simultaneously on Maker? Maybe by creating a new stable synthetic coin on Maker that is pegged to the new stable value?

  2. And moving to a CPI-peg hardly is the best option during times of crazy QE. What other pegs could make sense? Gold for example? I can’t really think of anything else that will prove stable over the coming years.

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QUESTION y.curve.fi: Does one actually have to deposit all the different stable tokens (and buy them prior to depositing them) or does the y.curve.fi app actually spread them across the available stable tokens?
Thanks

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I’m starting over the course now, from Bitcoin 101, Ethereum 101, then DeFi 101. Playing the lectures at 2x just to solidify the concepts and the knowledge.
Will do a deep dive into the DeFi this time around and check tBTC in the process. Will reply again

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I’m in! It would be fun to organize a meet up (with 1.5mtr distance :slight_smile: with the dutch community of ivan on tech!

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HUGE RED FLAGS WATCH OUT WITH dFORCE!!!

This is verry chinese way off doing business this all makes 0 sense to me …
Ok nice goals but there code is a mess … lot of work still to be done but sure big goals are good :slight_smile:

Vigor Protocol on EOS
To borrow the collateral is 111%
It is governed by a Decentralized autonomous community of 21 Like EOS 21 Blocks ( POS )
https://www.vigor.ai/

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Interesting I like to see al these new DeFi ecosystems to emerge it is just like a fudges :wink:


image

I hope we can all lose maximalistic feelings and stay objective …
When testing out Vigor it did not really work for me an liquidity pools are very low lets see how it evolves over time.

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Absolutely Facinating Section. Took me almost 2 hours due to playing back various sections and making key notes. A question i do have though is that if all of this has a foundation on cryptography as we know it, what happens when super computing or similar arrives and that foundation and therefore the cryptographic foundation of the even the DeFi insurers can be exploited and even the insurers cannot be insured?

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I have an idea of a “Decentralized Letter of Credit”. Letter of credits (or more properly, Documentary Credits) are used by importers-exporters and managed by banks. Basically importer instructs the bank to pay the exporter once a certain list of documents is presented to their office. For example: commercial invoice, packing list, certificate of origin, certificate of conformity and so on. This procedure might be enormously accelerated is public administration on each country used blockchain database. Once this system becomes adopted DeFi might be used for DLC (Decentralized Letter of Credit): payment can be executed once all required documents are provided. Payment might be delayed like on traditional LC, and against the risk might be built specific DeFi insurances.

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I found this project https://atomic.loans/
It allows non-custodial Bitcoin-backed loans.

As far as i understood there are already centralized platforms that provide bitcoin borrowing and lending services but being centralized you don’t have the custody of your btc so it’s good to see always new projects that help us to be always more decentralized.

I’m following closely Cardano development and i think has good potential for the future of DeFi , what do you think ? Nothing concrete yet of course , but the expectations are high
Also as far as i understood will have interoperability so will be able to “talk” with other blockchain.

Also Binance is really betting on future of Defi, I see project are borning like BIDAO that should use Binance chain when finished ICO.

I suppose in the future where will be many different blockchain for DeFi but they should be able to “communicate” each other and not just to make competition each other.

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GoGoGo :smiley: We have so much to do