That would be great
My current favorite Defi Wallet
Here are a few additions for your well-constructed list:
CEFI addition:
-
Blockfi (https://blockfi.com/) for borrowing and lending. This platform is becoming increasingly prominent in the USA, has obtained money transmitted licenses in multiple states, and has raised funds from Anthony Pomplianoâs Morgan Creek. They also use Gemini as their custodian, who has SOC I and SOC II reports (meaning they are proven to be secure), and has some insurance.
-
Tagomi (https://tagomi.com/) is an exchange that aggregates many other exchangesâ and OTCsâ rates to provide the best rate spot rates possible.
DEFI addition:
- 0x (https://0x.org/), a decentralized exchange which you mentioned in your course material, but doesnât seem to be on your list
Spot on Will add them to the list.
Hi there!
Iâm enjoying the course
I will hopefully get to the specific question later today ^, super busy with some other things atm, but wanted to drop this in here as itâs super relevant & interesting [I think!].
Itâs very positive btw, just in case youâre wondering.
Celsius Network are a good fit for the Ce-Fi category. There are also Block-Fi & Nexo which Iâm sure youâve all seen around, who rather copied the Celsius model. . .but who are more corporate, and less reachable . . . Uphold also offer a lock-in CeFi at 10% on ETH, BTC, XRP and more I think, called CredEarn.
However, now that I have a decent amount ETH to play with [thanks market crash], Iâm gonna take that out of Celsius and put it into one of the more âhands onâ De-Fi projects, and thatâs partly why Iâm on this course.
Thank man
Will check out the podcast
Referral links are now allowed
So i see! My link scratchpad just has my referrals as a matter of course, shoulda realised. Onwards and upwards.
Hi Amadeos,
Thanks so much for the work you put into this, there are a lot of knowledge bombs on these videos. There are not new projects, but I am interested to know more about Kyber networkâs, Uniswapâs and Chainlinkâs role in DeFi⊠Also what role does the lightening network play in the DeFi space?
Thanks,
Diogo
Lighting network is also a form of locking up funds etc
For other DeFi on Bitcoin also check: https://developers.rsk.co/defi/
Iâd love your thoughts on where you would start in building your own DeFi app. I have an idea that is over my head coding wise, for now, but I would benefit from a step by step recommendation on how you would go about building your own additional app/token⊠etc. For me it would be helpful to know how I might go about securing the programming without having someone take my idea.
Check out Linen.app for another addition to our DeFi Ecosystem overview.
It is all about execution.
It is still a blue ocean and you can easily hire a developer or agency to build a Proof Of Concept.
At EOI Digiral https://transform.eoi.digital/our-solutions/proof-of-concept/ We help and support people that have ideas and want to develop them.
I am having trouble understanding what incentives there are for borrowing? Sure, locking funds in Defi can earn the lender interest, but why would someone want to borrow? Why not just use Atomic swaps with hash & time locked transaction-capable chains instead of relying on these mentioned DeFi options with limited cross-chain support?
Leverage
So basically your paying just ±10% APY
For a levered increase exposure to the asset.
But there are are also other more complex factors you will understand as a pro trader.
For example arbitrage ⊠then I can just borrow large amounts for short moments in time.
As an alternative to current lending markets, this does make sense, as the interest rates are much cheaper than CeFi options, as well as turnaround (time). I suppose as the DeFi space expands with new platforms and support for more chains/coins, the more enticing borrowing will be.
It already is extemely amazing
Agreed! Thanks for your insight!