DeFi Ecosystem - Discussion

Yes, I understand that DAG and Blockchain are not the same. However, one could argue BTC/ETH or Hedera none are absolutely zero trust, because developers could be a counter party risk within the whole system.

DAG and Blockchain are both DLTs none the less using more or less similar/compatible SDKs, so real world use cases would just boil down to security, throughput, UX and scalability for Dapps end users. Hence, both the DLT (DAG & Blockchain protocols) can build Defi ecosystems.

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Veridex is something I’ve just come across but seems to be pretty good!

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Actually, a good idea, thanks! I could make some Steem and then copy-paste to Hive :smile:

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Love the course so far, Dharma seems like a great platform for getting DAI from a US Bank with 0 fees (500$ weekly). If you live in a country with money restrictions (like Venezuela, Argentina, Lebano, Etc.) I recommend airtm.com since it allows you buy and sell cryptos (also USD, and almost any currency) p2p at reasonable fees.
Lately I have been reading a lot about crypto.com sadly is not available in my country.

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Hello Amadeo,

It seems that the DeFi ecosystem is dealing with a set amount of coin/tokens, (ETH, DIA, etc.) traded for real world currency value. I have an interest in developing a ERC-20 coin/token for a in game currency option, can this currency be saved, traded and loaned out with the protocols you have been demonstrating?

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Hi Amadeo,

I saw a couple mentions of PieDAO in the thread, which has its BTC++Pie that is made of several BTC tokens such as wBTC. I am having trouble understanding what the benefits of tokens such as wBTC and BTC++ are. Why wouldn’t someone just choose to buy real BTC?

And how is it beneficial to have a BTC++Pie that is backed by several BTC tokens – would this mean that the tokens by themselves are not ideal to represent BTC on their own?

I have read having tokens such as wBTC would help to boost liquidity on dexes, so is the real benefit that users holding actual BTC can lock those up for use on Ethereum network? In short, they want to use Ethereum but don’t want to sell their BTC?

Thanks.

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I would like you to explore the DeFi ecosystem for yourself and challenge you to spot new projects in the DeFi space that need to be included in my DeFi Ecosystem overview .

Leave a comment with a DeFi project that needs to be in our DeFi Ecosystem overview.
I found a new project called colony.
A colony is a new kind of internet-native digital company where rules are enforced by software instead of hierarchy.
Streamlining and automating business administration, and distributing authority, means fewer people can get more done.
Issue your colony’s token, bootstrap its value, and reward people for work instantly, internationally, for free.

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Any Comments on https://www.youhodler.com/earn-crypto they offer 12%

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Hello, I’m having the same issue. Did you solve it?

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https://forumtest.ivanontech.com/t/using-the-dai-savings-rate-assignment/11865/185?u=yovan

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Yes, that was my case also, just solve it by changing the settings in brave wallet. Thanks for replying :slight_smile:

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Hello, I’m trying to run the Dai Savings Rate Integration Example I already have my Kovan Ethers and DAI, but I don´t know how to run the GIT code on windows 10. Has anyone done it?

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Thanks Amadeo, very interesting course. I was wondering that when you have stable coins based on fiat money, why is there no stable coin in the Lego block like structure based on BTC? Or did I miss something? It would be the same as coupling the Dollar to Gold as money before it became fiat. And with a stable coin based on BTC within the Etherium environment payments could be faster and still be reliable (without the wait for 6 confirmations of at least 10 minutes each). the best of both worlds.

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https://forumtest.ivanontech.com/t/using-the-dai-savings-rate-assignment/11865/152?u=yovan

This helped me!

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Defi Ecosystem,

I am just learning the full capability of the Defi space. I have only to grasp the magnitude of the impact it can play in the real world. I am hoping to get a full understand and be able to maybe build something in this space.

I would like to get to understand more how WBTC works and interesting to see in time how people will react to an open market in financial services. I showed my brother about Defi and he would call him self a traditional investor, and he was mined blown with some of the services and interest you can obtain by lending money in the Defi Eco system.

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Amadeo, first of all thanks for this content I am incredibly excited to learn about this new financial ecosystem that is literally being developed - I hope to one day contribute towards it after making my way through the academy’s course.

First question I have is regarding the different interest rates on Aave and Compound. Is there no way to arbitrage these different interest rates?

Secondly, as I go through these courses I have literally 0 coding background but would like to try and tinker around with it - where should I start - Javascript or Solidity? Which is the best language to learn if I’m completely new to Defi?

Thirdly, Ivan has mentioned Kyber a lot which looks very interesting - shouldn’t it be on the excel spreadsheet list or does it not count as Defi?

Thanks for the great content!

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Celsius Network and Quantstamp

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It was already mentioned by @Villaltac @Troydiesel @Omar but I like Opyn. I also like argent which @cryp2 and @Andrewgaven highlighted already. But, one I find really interesting is the Fuse Network, basically a kind of white label service permitting one to create an economy from a community or customer base. Very neat idea.

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Eventhough I am not even a fan of the project nor the founder and I don’t own any token of it, so I have zero interest in “shilling” it, which I don’t, because I wouldn’t necessarily recommend it as an investment or speculation at all, however undeniably it is now a force to be reckoned with, as it is clearly in demand and there is an eco system building around it, with developers building all kinds of tools interacting with the token/smart contract.
I also don’t like the scammy shady way it was sold to the public by Richard Heart and that quite obviously the Eth that users sent to the smart contract in return for the token were flushed to who else could it be than Richard himself.
I am talking about HEX of course, about which we can argue day and night, but it is an interesting finished DeFi smart contract representing the first decentralized Certificate of Deposit, with the interesting twitch that basically the more and longer people staking the lesser tokens will be in circulation which theoretically should increase the price, but lower the interest rate everyone will get; the lesser people stake, the higher share of the interest the stakers get. And also you can predict when staked deposits will be released in the future and therefore predict supply fluctuations. I find the concept absolutely fascinating and despite the shady stuff around the project and its founder, plus the suspicious behavior of the contract (such as duplicating generated tokens to the origin address, from what I’ve heard), I still think the idea itself purified from snake oil sales man deceptions, is very interesting to monitor and explore. Perhaps someone could build an “honest” workable version out of this idea after initial flaws and scammy features have been removed. Beware, that one should perhaps not remove ALL well performing marketing features that attract speculative behavior to even gain some momentum.

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One project I found

DeversiFi is a decentralized exchange, powered by StarkWare,

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