DeFi Ecosystem - Discussion

1inch was really cool! Tried compound for the first time today as well. Supplied a small amount of BAT and yield is at 0.0499 atm :upside_down_face: Not a lot but the concept excites me very much!

I think kyberswap can be added to the list

Thanks for a really good course! I’m learning a lot!

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Hi Amadeo,

Have you heard about this yield farming, that uses REN, Curve e Synthetix pooled together to get a new coin named BPT?

Any comments/ thoughts on that? It looks like it is something going on the same way as COMP in Compound, but pooling BTC derivatives.

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Bit overloaded with all that is happening at the moment but will do my best to respond to all comments.
Maybe I should hire an AI to help out?

As you see in DeFi 201 I will unload this work onto a TCR: https://everest.link/
Please go there :slight_smile: Want to know what a TCR is check out: https://transform.eoi.digital/token-curated-registries/

Hi @amadeobrands

I understand much more about the use cases and possibilities within DeFi - thank you!
I appreciate it’s not strictly DeFi related however I’ve been looking at blockchain-based search engines - examples such as Nebulus, Presearch, and Desearch. @ivan has mentioned a couple of times about there being a need for a Dapp for people (content creators?) to be found. What is your opinion of Nebulus? Is this the blockchain ā€˜Google’ alternative in the future? Or is there room for a new BBSE to become the go-to decentralized content finder? (and is this something that I could learn to create in the academy? :stuck_out_tongue: )

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As this course has been progressing, I downloaded and played around with the argent wallet. What is cool about this wallet is that it allows you to work with/invest/lend with multiple protocols within the wallet. A simple example is I used 0.25 ETH to get 0.25 aETH and watch it slowly grow interest.

I am not too focused on the amount of interest, but enjoy seeing how the amount is growing by watching my wallet on etherscan.io. Very exciting stuff!!

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I should have mentioned aETH is the aave protocol.

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One more thought on my behalf:

I’ve read the articles in the defi course, and I wonder about the following: How can a flash loan by principle, take place, when the Tx needs to be paid back in the same transaction? How do you manage to generate the interest on any given loan when this needs to be paid back in like 10 minutes or so? If you generate 10% per annum, 10 minutes is like near 0… What am I missing here?

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Hi, thank you for all you teaching. I don t know if this is a projet to be overview :grinning:
Sablier . sablier.finance.

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The amounts in that 10 minutes are very small. I don’t believe they must be paid back right away, as interest accrues on the borrowing side as well. So as long as you stake your wealth in loans for an x period of time, you will gain interest for that time, however small it is.

I am not sure if I answered your question as I am going through the learning process as well. Maybe someone with more knowledge can confirm?

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Hi @amadeobrands great work. It opened my eyes. I think we are in a perfect storm for DeFi looking at the current worldwide economic challenges. I will focus on helping companies in making this digital transformation happen.

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Thanks for the Defi 101 course, Amadeo. It’s complicated, and I’m not sure I fully understand how this is all working quite yet, but maybe that’ll just come in time. I did a bit of searching around and thought this project looked very interesting and maybe you should include it in your lessons. It’s https://www.synthetix.io/ Synthetix. I believe it’s a way to trade real world assets like gold, bitcoin, some stocks, but all on the ETH blockchain through synthetic forms of those assets. I suppose it’s similar to an ETF. Cheers!

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I just went to the next lesson and scrolled at the future lessons and noticed you have covered Synthetix so nevermind about my post :slight_smile:

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how about coinswitch.co?

You should add https://www.futureswap.com/ to your list for discussion. It has decentralized, permission-less, no slippage Automated Market Making futures with up to 20x leverage. I personally stay away from leverage though :slight_smile:

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Hi Amadeo, could you elaborate this answer a little? Why do you think that NEO is not a blockchain, first time that I heard this argument.

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Hi Amadeo, from a Dutch guy in Japan to a Dutch guy in the Philippines.
Thanks for all the effort you put into this course, I am really fascinated and am learning a lot.
About your list:
You have on your list twice mention of two dubious projects: Pegnet and BiDAO. The last one seems a right out scam to me, please tell your students to pay attention, you can easily loose all your investment. https://www.frozenfire.xyz/web/bidaochain-blocklancer/
Somebody in the forum already mentioned Reserve Protocol with their RSR governance token and RSV stablecoin. Your reaction was that you are not convinced of necessity of stablecoins in a negative interest environment, but I still think the project is worth some attention as they are trying to solve some of the issues / to improve the MakerDAO protocol.
Another project I didn’t find on the list is the DMM protocol. They have a governance token DMG and you can mint mETH, mDAI and mUSDC with a stable interest rate of 6.25%.
I am not 100% sure if this is a legitimate project, but it seems interesting. Let me know what you think.

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Not really Defi. But love Celsius network for earning interests on cryptocurrencies. And their commitment to giving back 80 % of their income, back to the depositors

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@amadeobrands would love to hear your thoughts on this?

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Hey,

well, I read only first 100 posts, and didn’t go all the way through… so if someone already mentioned it, sorry for repeating. My favorite is in Staking phase and it’s Bidao token. Maybe you will include it when it will start doing something :))

EDIT: I just saw bidao is in your list. I will have to dig some more and get back

Hi Amadeo,

My background is from tradicional Finance, I can see how DEFI projects can add a lot of value. As this industry is quite new, an important risk is where to put your coins for lending. I mean not enough track record on the participants, although I trust your recommendations. Another point I am not confident is on the liquidation mechanism, if you just want to earn some interest, Do you have any risk of liquidation? Or this just happen in the farming, when you lend but also borrow another coin?
Overall very interesting, looking forward to learn more…Until I get more comfortable, I prefer to stake in the crypto.com format that under any of this DEFI pages…