DeFi Ecosystem - Discussion

Aloha
I just learned about Swipe SXP. Binance acquired earlier this year in June or July. Seems like a major move for Binance. I just skimmed thru their whitepaper, looks like a very promising project but whats intersting is that theres no timeline to any of their developments.

https://www.swipe.io/Whitepaper.pdf

Augur is a project trying to connect betting to the DeFi ecosystem. It is still only in its development stage and it doesn’t look like any betting is live yet, but it is an interesting project since sports betting is such a huge market. But other than sports betting users can create a bet on any global event and other users can bet on it.

It will be interesting to see how they develop and see if they face any challenges since gambling and especially online gambling is very government regulated in most countries. When I was exploring I did have to agree to something saying I was not located in any of these specific countries.

It does have a core group of developers so it will most likely be somewhat custodial. All the code and tests are available on github and they even provide bounties to anyone who catches bugs in the program.

Augur was ranked at 39 on DeFi pulse when I last checked. It will be interesting to watch if the project is successful because it could give another option to the betting world with less regulation and lower fees and spreads. Which is exactly the goal of all of the DeFi ecosystem.

Is Swipe SXP considered CeFi?

Currently, I’m intrigued to see how Unilend will be bringing lending and borrowing to all ERC20 tokens in the Ethereum ecosystem. From what I understand the protocol will include a dex as well as yield farming. This seems to be the next building block.

I dont see Plutus on the spreadsheet as well , i think it is a very interesting a non-custodial crypto debit card project with a DEX now supporting ETH and PLU which i can trade with my metamask and also swap between your fiat and crypto. There are more features and a lots coming ones there including BTC

Regards,

agree! and we are still babies :heart_eyes: , after 1 year this graph would be waaaay bigger in numbers :exploding_head:

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Wow I feel so overwhelmed with this :flushed::flushed::flushed: just completed Ether 101, Blockchain and bitcoin Basic. It is slowly coming together however ; amazing info and insight !!!

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The DeFi project I have had a look at is Pickle Finance.

https://pickle.finance/

It is on the ETHEREUM blockchain and is an experimental project which performs arbitrage between stablecoins to keep them on peg.

Launch info here https://picklefinance.medium.com/pickle-finance-launch-beea2eb8eacb
On GitHub here https://github.com/pickle-finance/contracts

If has a governance token and treasury and seems to have developed into a interesting and successful project.

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yes i followed same path , amazing info that keeps me learning daily. Lets keep going!

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Hi Amadeo, thanks for the great course. Very informative.

I would suggest Curve finance (https://www.curve.fi/) for inclusion in the DeFi Ecosystem overview.

Curve Finance platform is a decentralized exchange and liquidity pool built on Ethereum. Curve is designed for efficient stable coin trading with very little slippage and low fees.

Hi @amadeobrands,

Nice lessons, very inspiring. I’ve been searching for DeFi project that helps to put real live events like an accident onto a blockchain triggering smart contracts to do something predefined (payout insurance). I think there is a huge market for connecting blockchain to real world events. I haven’t been able to find one but I’m new so just could be looking in all the wrong places :).

It would be great if you could point me in the right direction.

Thanks!

Being hearing a lot about the Polkadot ecosystem which solves some of the scalability and cross-chain issues of Etherium.

I did some researches on Near.org and found a quite interesting project Flux which shalll be the first project on Near protocol. Flux is very similar to Augur which based on Ethereum protocol. I tried to compare Flux and Augur, but found on Flux, its UI not formed and user is not able to use it for betting or forecast yet. Then I logged in Augur, but I also cannot make a trade on a specific market such as US president election. What impressed me a lot is the trading fee on Augur is quite high as it is $9.63 for a trade. That is also the main reason why Flux choose Near to deploy their protocol. As Flux stated on their website, their trading fee is as low as $0.01.

Hence I think Flux shall be included in the DeFi ecosystem.

And I also think Cardano shall be included in the DeFi ecosystem. Cardano is competing with Ethereum to establish a much more cheaper GAS fee, much faster protocol for all kinds of DeFi application.

yearn.finance…

I delved deep into the altcoin forest, and found PancakeSwap, which is on the Binance Smart Chain - I’ve not done any yield farming before, but this was very easy to setup once I had Metamask connected to the Binance Smart Chain.

I was quite put off by the fees for yield farming on Ethereum in the past, but the transactions were a lot cheaper on PancakeSwap, so that’s fantastic!

https://pancakeshwap.finance

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Honeyswap HNY on xDai chain.

Akropolis looks very interesting. It looks like you can take out undercollateralized loans and even build your own DOAs

Dego.finance is very interesting. Running on Eth network and Binance Smart Chain. Use of nfts to mine tokens… Looking forward to future features on their platform.

Hi Amadeo,

I noticed Mooniswap as the little brother of Uniswap. Does it also runs on the Ethereum Protocol?

Also, they have the Chi Token, but how exactly does the Chi token works? It kinds of function as a ā€œbuyā€ bandwidth token or what?

Would you care to explain? Thanks

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I have been looking into Akropolis, still in development but still can borrow and lend also integrated with Compound, AAVE and Fulcrum and more. Will bridge blockchains and do much more. Don’t know if this is what I was supposed to do but here you go.