Swissborg Private banking with Smart Contracts
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I believe DeFi will completely change the way assets, digital assets, tokenize assents, value and contracts are perceived and manage. For example I was exploring League of Kingdoms and its digital asset LAND “that grows its value” (more info about LAND). Let’s that sink for a second… image that this piece of digital land eventually would give you the opportunity to earn crypto from your land and what it’s produce there and it can be transformed into liquid value in ‘real life’. Now that’s a game changer!. I’m eager to learn how to use this type of asset (ERC721 token) as a collateral for lending products.
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I. am learning a lot in a short time. Reading the recommend material is very enriching . Have nothing to submit at the moment but will keep diggin. Thank you for the excel sheet what a treasure of information
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Hi Amadeo,
Thank you for the defi 101 course. The $$$$ sign always gets my attention. How can you use 1exchange to make gppd $$$$?
Everything is new for me right now. Its very interest how different protocols are stacked on top of each other. I think now i have an overview of maker, dai and compound.
1 inch exchange and Totle are aggregators which are basically different protocols working together to provide a platform where coin swap is possible between multiple pairs. Correct?
Does that mean that all exchanges like Binance.com is also a aggregator?
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#connext.network
i believe this project is not on your list. It is a scalable payments system. I found it on Defi pulse and its ranked number 27.
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Hi!
I have not yet gotten to the topic in this discussion section; however, I do have a few questions for you.
Will I have to do any in-depth research to spot a new DeFi project that needs to be in your DeFi Ecosystem overview?
Also, earlier this week, I added MetaMask to my Google Chrome browser. I am trying to deposit Ethereum into my wallet through CoinSwitch. But my wallet is empty. I have neither Ether nor Bitcoin. How can I exchange Bitcoin for Ether when I have no Bitcoin?
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I thing Wrapped Bitcoin is awesome. Also I wanted to ask you if all coins offered on Defi must be stable coins or can they increase over 1 dollar value. Like for instance SwissBorg since they say it is developed on the ERC 20 or for example BAT. Pardon my ignorance
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I feel a bit out of my depth coming up with any kind of answer but Ren looks interesting. Ivan has mentioned it a few times lately.
Basically its a way to transfer coins from one blockchain to another (e.g. BC to Eth) in private without anyone being able to see your balance. It also allows for staking Ren tokens by running a Darknode.
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Questions
If Dai is pegged to USD value in ETH. What happens if USD is no longer the reserve currency and hyper inflates like the Venezuelan dollar? Will the community be able to change the peg to a different currency? In such a volatile world we need flexibility.
Are there any real world examples/case studies of people using DAI or other Defi solution to buy a car/mortgage/other lending reason? Or is it all crypto lending for the sake of other cryptos, like using flash loans for arbitrage?
Is there a use case for people less technically minded (e.g. grandmother wanting to hodl) to use Defi other than to stake coins and earn interest or is it currently for traders at the moment?
Is there a comparison table that looks at all the defi solution and features offered so people can compare quickly rather than doing all the research themselves?
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Pegnet - PEG -Convert between any listed asset for just $.001. Global without borders. Self-issue assets with no counterparty, collateral, or smart contracts. Store value in any listed fiat currency, cryptocurrency, or precious metal with many more assets and even baskets planned. All payments and transactions cost 1/10th of a cent whether you send five cents or five million dollars. PegNet will be interoperable with Ethereum and other popular blockchain platforms.
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https://gitcoin.co/: GitCoin enables developers to do crowdfunding and networking for open-source software projects.
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A new project that should be included your DeFi Ecosysten is Kyber.
Features:
Decentralized Exchange platform
Allows vendors to easily accept many different types of cryptocurrencies at the point of sale and have a Kyber service in the background swap the amount to the preferred cryptocurrency of choice.
No KYC required under certain limits.
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@amadeobrands could you please add your comments on this topic? I am sure that this is interesting for all of us just learning about DeFi as it puts some valid points for discussion and consideration out there.
I see you only liked the thread without any reaction when, in fact, this post kind of thrashes the important pillars of DeFi industry.
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As a newbie, here are my 2 cents:
As Matheo already explained: the whole idea is to have exposure to a second cryptocurrency.
As long as you pay back the borrowed amount of DAI, you will, as dedicated by the contract, in the end you will receive your ETH downpayment. The 150% factor only accounts for value swings. So by investing x ETH you will get back x ETH plus your exposed DAI earnings.
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A DeFi project that I believe needs to be in your DeFi Ecosystem overview is InstaDApp. The link to it is the following: https://instadapp.io/
Mainly, what I did was google DeFi platforms and find a website with a list of various DeFi projects. Using your DeFi Ecosystem overview, I made sure I selected one that I did not find in the spreadsheet.
Thank you!
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My project: localcryptos.com
It is a peer2peer trading platform where the UI is centralized, but lets you buy and sell crypto with other traders directly. It is a non-custodial platform, since trades are being settled via an escrow smart contract. The seller puts the crypto in the escrow, the buyer deposits the funds (fiat mostly) in the contract and then the seller executes the swap via the smart contract (or P2WSH transaction for bitcoin).
This takes place via encrypted messages, whereby the platform can only check and intervene via multi-sig.
Fees are 0,25% for the seller / 0,75% for the buyer and then some network fees for the miners.
Link: https://localcryptos.com/
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Hello @amadeobrands
Enjoying learning about Defi while taking your course. Super cool information you have provided within the Defi Ecosystem overview.
Here’s a project that others might enjoy as well! - http://www.idle.finance
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Hello @amadeobrands
Atomic Loans provides a mechanism for cross-chain collateralized loans. Specifically, the system allows people to borrow Ethereum-based USD stablecoins while locking Bitcoin as collateral. In case of default, the collateral is liquidated to make the lender whole. As a fallback for failed liquidations, the lender can eventually seize a portion of the collateral.
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