Not sure if it has been mentioned already. But defimoneymarket.com with the https://app.defimoneymarket.com.
This project is backed by Tim Draper.
New DeFi project: Mainframe MFT Token
Mainframe is not new to Crypto. MFT Token/project survived the ICO 2017-2018 ICO boom and bust. Mick Hagen CEO and founder of Mainframe has recently launched Genesis Block FinTech open-source projects and decentralized financial protocols.
Additional Links here:
“The Mainframe Lending Protocol allows anyone to borrow against their crypto. Mainframe uses a bond-like instrument, representing an on-chain obligation that settles on a specific future date. Buying and selling the tokenized debt enables fixed-rate lending and borrowing — something much needed in decentralized finance today.”
Plutus defi is going to be a game changer with the privacy. A defi project built for the people.
I have a question for the community.
If we were to lend our crypto to these DeFi projects for a return, are we sending our tokens to the project (not your private key not your crypto) or pointing our crypto to the project via our wallets. Not sure i have seen this explained in the DeFi 101 course.
Hello, a cheaper way i have found recently is to open a Revolut account, send money from your normal bank account to Revolut account via bank transfer (no fees) then send fiat to crypto.com (no fees) and buy cryptocurrency (approx 1% fee) and move to your wallet of choice or invest on crypto.com and earn some %%% hope this helps and is correct, and i didn’t miss any small print. This may depend which country you are in, i’m in UK.
Merdian Network(MRDN)
Has any one stakes in Curve yet ?
Ive just did my first TX…
chai money, lending, smart contract, ETH
Hi pazzi,
Thanks so much for recommending the Yale course on Coursera. I’ve just enrolled in it.
Best,
Eric
Hi @amadeobrands and all, looking into Max comp Mining once again, Borrowing APY Is that percentage the percentage YOU pay to borrow? So the plan is to Lend out at the HIGHEST percentage and borrow at the LOWEST percentage then re lend that same Borrowed TOKEN for another HIGH percentage?
Correct or is that wrong?
Kind regards and hope everyone is well.
Rob.
Nope you stay in control of your own funds you just lend it out as collateral.
Over collateralize loans are the hello world of DeFi … This concept I explain and then in DeFi 201 we dive deeper into that concept.
Hi Rob,
Big boy pants on
Yes kinda correct but I would recommend doing bit more advanced strategy.
Will explain this in upcoming video follow my channel: https://www.youtube.com/channel/UCIkRX47j1VFdlRcao1sifOA
Hi mate, yeah diving in Balls Deep these days. Curve is great man thanks for introducing it to me.
Also great you have a channel. I will follow.
Speak soon pal
Rob
Waow, great video productions @amadeobrands… Makes me want to go out and buy a Drone.
I have subscribed and will keep an eye on these new videos.
Ive almost finished BTC Buisness masterclass and my schedule is taking me to Programming next, but i am swaying towards just starting DEFI 201.
Rob
I know this is probably Cefi but I’m interested to know if anyone else on the Forum has used Nexo for saving fiat or stable coins? I have decided to dip my toe in and see how well the interest rate of 10% works out. I’ve saved a few nexo tokens in there as they also pay dividends on them.
Nexo - Banking on Crypto
The Leading Regulated Financial Institution for Digital Assets
Anyone else used this platform and can share their experience?
I hope you like it. Let me know how it goes. Prof. Shiller is very big in economics, even has Nobel prize.
@amadeobrands I have a question about gas costs. I’m trying to work out if I am doing something wrong or if this is normal. I am about to become a member of Nexus Mutual and the cost is 0.002 ETH which is about $0.49 but the gas cost is 0.007492 ETH which is $2.32.
This seems very high considering the cost of what I am purchasing and if this is the sort of gas fees we need to pay then it will add up over time. I see that I can lower the gas cost but it will delay the payment being confirmed.
Am I doing something wrong here or is this just the way it is?
Amadeo
I find ACO is a decentralized non-custodial options protocol built on top of Ethereum that allows users to trade, mint and exercise call or put options, in a trust less and decentralized manner without having to rely on any third party.
Each option series is integrated through an ACOToken contract, which is ERC20-compliant, making options transferable, fungible, and ready for further DeFi integrations.
I have an account with them too, and I was curious if it would be considered CeFi, not Defi.
And what about Libra Credit (Cred-LBA)? Is this perhaps also CeFi? They do banking with crypto as well.
This has been the norm. In fact, I’ve paid $6+ in smart contract transactions. I’ve heard of some peeps paying $10!