It doesn’t look like ORN (Orion Protocol) has made the list yet (DEX)
Thank you for the overview of Defi.
I was just wondering if you experienced using honeyswap dex on xdai?
Are these platforms safe?
Also, unilayer seems interesting too.
I know fees are low, but they make you click a button to make you understand that it is a risk because anyone can create a token.
Great work in explaining stuff. Maybe, explain how to use more platforms like Aave etc. I find some are confusing to use.
Thanks again,
I do not know is it a DeFi or DeFi scam I was scouting on the internet today to challenge myself to find something that would catch my attention - and I found this project -
https://unistake.finance/
I think its a scam - but as I am new on the DeFi “block” I would like to get your opinion as well. What do you think about this project?
The most interesting thing for me now is Defi apps coming to other blockchains such as dexter (Tezos) or Flamingo (Neo).
Thank you for sharing this article. You may have heard, Andre, was recently testing another protocol on Uniswap and people started throwing money at it before it was even tested and ready for public use. What about doing research?! Yes, very similar to 2017.
How about uniswap! I think that it is a very important swap project!
I think you may want to add honeyswap that is running on the xDai chain now…I just tried it out and the fees are very low and it is very fast compared to UniSwap
also, I do not see any mention of Celsius Network under CeFi but I do see you mention blockfi.
I am truly enjoying your course. I’ve been engaging in DeFi since the beginning of the year and know a lot of what your teaching but you’ve provided many details I never knew. I especially like how you’ve provided your slides for students.
The new projects that I find interesting are BitGear and Sync. Bitgear says they’ll be the one click aggregator for all crypto assets which is truly amazing and I’m looking forward to seeing. Sync brings crypto bonds with some interesting features that I’m not currently qualified to explain but eagerly learning.
Hi @amadeobrands quick question regarding Nexus Mutual.
I understand the concept of assessing the risk of a smart contract failure in a protocol and I also understand the concept of staked contracts.
What I am curious about is whether or not there is any likely risk of an attack vector for nexus mutual. Where a contract bug is discovered by an organised group with a large amount of capital. In which they are able to deposit said capital (ie x amount) and exploit the bug losing said x amount. Only to then claim the amount on the insurance and the expense of Nexus Mutual stakers?
This could be very profitable for the individuals as they could walk away with their original capital (which is now stolen) and the capital reimbursed from the claim?
This also brings up another note as to whether if a claim is too big that holders may not be incentivised to accept the valid claim (dishonestly) despite the damaging effect the protocols reputation. to prevent the severe loss of their funds? say if such a large claim was to occur that 25% of staked NXM would be lost?
Would be interested to hear your thoughts/knowledge as to whether these are likely/possible or inevitable over a long enough period of time.
I know Ivan is discussing this project in his streams, but I have been following bondly for a while and I think it is such a nice project! It will massively increase the interoperability of DeFi and create a way to easily sell internet products like accounts. Therefore I think Bondly should be added to the list:)
Some love it , Some hate it, but Tron now has a defi system, Klever …using the JUST token as a stable coin, don;t know too much about it, but might be a good mention. Chinese based as you well know I’m sure
thx for all you have done to put this together!
I would like to learn more about Synthetix!
Plutus! Not plutus defi but the card with dex
I have enjoyed the dark tech renaissance talk, it resonates with the way i think and believe, its first time opportunity for the human community in human history. I want to participate in this movement. At the moment i am building a BTC node to make the network more secure and apprehend and i am teaching my friends what i am learning to be completely out of the system. I would like to get more material that has the direction of this movement which are de defis.
These are amazing questions.
Also, you can start taking with NXM team themself and mention these concerns.
Let me dive into it overall I think your concerns make sense but there are mostly game theoretical solutions that are implemented for these scenarios.
Example #1 Hacker ensures a contract that the hacker will drain to try and get more $$$ out of their hack.
… This is a clear attack vector but it is up to the NXM holder to assess the risk of that happening … also the attacker when depositing funds runs the risk of another hacker also finding the bug etc … so yes this can be done but it is very risky for the hacker to do this and because of this they might not do it … plus if found out that there is a collaboration between hacker funds and the NXM insurance the DAO can vote to not payout.
This brings me to questions #2 … why would they payout in the first place.
If NXM would never pay out no one would use it … so it is up to the NXM holders to make that balance. This system in my view would work amazingly also in the real-world since there are many insurance companies that are not that clean.
Thanks for this course!
Can anybody clarify the mechanics of Maker vault liquidation?!
The example in the deep dive vid was:
Deposit 0.5 ETH
Generated 40 DAI (Collateralization ratio 274.89%)
Liquidation ratio 150%
Liquidation price $120
Liquidation fee 13.00%
Stability fee 8.00%
OK yes if the value of ETH drops to $120, the vault is liquidated…
…but what does that mean in real terms for this example?
What happens to the DAI / ETH?
What is returned to user from the smart contract?
From what are the fees deducted?! etc
I just see one platform that offers Visa cards o debit cards, is it any other to Daily use ? Because the ones they offer this service so you can use cripto in Daily use are the centralize exchanges as crypto.com
Amadeo, I want to thank you for the great content. I am very new to all of this, but when I was out exploring, I came across FinxFlo and was intrigued by what they are trying to accomplish. They are no where near ready to be added to your list, but what do you think about the feasibility of a comprehensive project like this?
Akropolis might be worth to check out. Solid fundamentals, roadmap and partnerships!