DeFi Ecosystem - Discussion

in the dice 2 win game, i dont know how to retrieve my winnings. I gambled a flip and lost, this was paid off my metamask, then i doubled down and won! so i stopped gambling. the second metamask is recorded. I can’t find my wininngs.

Hi Amadeo I have been working my way through the DeFi 101 course, though its a lot to take in. I find it very interesting and I am looking to build something of my own :nerd_face:

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GOGOGO :smiley:
Let me know what you want to build.

Hi Amadeo
I am usually a lurker on Ivan on Tech but Ivan interest was piqued when Ivan started going about DeFi in 2019 I decided to base my end of year Project for my Software Engineering degree on building a user friendly interface for people not used to the crypto ecosystem, where they can put in fiat funds and the platform converts it to the token with the best rate and delivers it to a liquidity pool (how the platform keeps track of individual deposits only god knows :-}

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Hello Amadeobrands

The Ampleforth project sounds by far the best stablecoin to use in deFi. definitely a lot of incentives to attract new money and the mass. I think this could easily take over a good amount of market share from makerDoa. their VWAP mechanism is WAY simpler than Maker’s weight mechanism. Also un-pegged to bitcoin (this bit is the game changer especially for mass adoption). The function of borrowing and accumulating AMPL if and when over the rebase threshold is brilliant incentive. I love this project. I think i am going to build my deFi stack business around this.

Question?

Am I right in saying that when you accumulate Ampl once the price goes over the rebase, could that not be classed as a dividend type feature? Could you promote it to customers as a Dividend type?

Thanks for pointing me to this.

I found the answer in the whitepaper. Wouldn’t be classed as a dividend due to the equilibrium state.

i advise everyone take a look at this project :slight_smile:

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Thanks for this Amadeo.
I have a just had a look and it looks similar to Ren doesn’t it?

Many thanks

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It is an amazing project lets see there are 5 other interesting projects.
Right now Maker DAO is market leader.

Hi. My brain hurts. lol not even sure if this is how I reply to this assignment. If I need to suggest something here for credit. I guess I will go with the shapeshift. I read about it a little above in these comments. I have used it before a couple of years ago. I’m not sure if where I am supposed to look for suggestions you are looking for.

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Browsing DefiPrime these are some projects I found interesting:


Fabr(x)
Category: Infastructure / Dev Tools
Description: middleware to make integrating blockchain into projects faster and easier
Tech: 0x, 0xcert, integration with Bzx, Dharma, etc

Middleware platforms like this will help accelerate adoption as it lowers barriers to get web3 apps up and running for smaller organizations with less tech resources.

https://rimble.consensys.design
Rimble
Category: Infastructure / Dev Tools
Description: Rimble is an open-source library of React components and guides to help you make dApps everyone can use

While not specifically a DeFi project there are basic tools everyone needs to make a dDapp and a decent UI library is one of them.

PayTrie
https://paytrie.com
Category: Fiat On/Off Ramp (Centralized)
Description: Low fee, non-custodial fiat gateway to buy/cell stablecoins (DAI, USDT, USDC, BUSD) using Canadian Dollars (CAD) via e-transfer.

Surprisingly, most exchanges in Canada don’t have stable coins at all and none that I’ve seen have DAI. You need to buy something else like BTC or ETH, transfer it to an international exchange, then trade it for DAI. Fiat on ramps are very important for adoption of DeFi.

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Why do celsius, blockfi, crypto.com or binance have better interest rates for lending than those of DeFi solutions ?

What if those companies implement or connect to DeFi solutions ? This would increase adoption, but what could they win by doing this ?

I think the battle between pseudo-DeFi (like blockfi) and real DeFi will be intense in the next month.

pseudo-DeFi have the benefit of doing a bridge to payment cards like VISA ou Mastercard, I can’t wait to see this bridge being built directly to ETH.

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Hi there, I am also trying to find out if DeFi 101 will educate students on how to write a smart contract for a flash loan. Did you have any luck finding out? I am searching and looking to re-join to study DeFi 101.

I’m integrated with Aave, Defisaver, paraswap & uniswap which has the V2 coming soon with flash swap lots to learn.

Any information would be much appreciated.

Regards
Craig

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I like the idea of MyDeFi.org which is an app you can use to track all your defi investments/loans in one place like a portfolio. MyDeFi was just acquired by Zerion so the future is bright. Dapps include TokenSets, Compound, Maker, dYdX, Synthetix and Augur, with more integrations on the way, including Aave, Curve and iearn.finance. The stated intention is to eventually make MyDeFi open source so we can verify code when that happens.

Perhaps the Zerion app fixes this, but the main issue I see with MyDeFi is that it reads current status and shows no history, but balances only. More to read on the Zerion blog: https://blog.zerion.io/zerion-acquires-mydefi-43ec8e185961

BTW, shouldn’t Zerion be listed under CeFi in the ‘DeFi Ecosystem overview’? Six members profiled on their website About Us page all have titles, like CEO, CTO,… but it’s nice to know they have $2M for starters. The product centers around defi, but it’s still a small company at Zerion, like their facebook page says, Internet Company in San Francisco, California. Gotta love their profile says, “Always Open”!

Hi @ultim8te stay tuned we will go into this during our next DeFi course.
I hope to make something explosive and give people back their financial freedom that they deserve!

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I like Aave as a complement to using Compound, because it allows the WBTC to be used as collateral in lending, which Compound does not currently.

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Great question!
Let’s discuss :face_with_monocle: see below more info about Zerion.

In my view is more like DeFi tooling it simply lets you aggregate data from a lot of different sources and makes it easier for you as a human to read it. Even if they will activate more functions on their platform you can always be sure that you’re interacting with the base protocol. In the long term I hope to see companies like Zerion becoming more like open financial portals where they do offer a layer of trust into a zero-trust base layer. I would personally only use zero trust layers as much as possible this will save costs and keep my funds safer but as abstraction layers get more advanced and it is not bad there will be some interfaces that help to onboard people … governments etc can try to regulate this but they will only shoot themself in their face since they will not be able to in my view.

Short answer Zerion is just DeFi tooling and in that sense is part of the DeFi eco system.


Lego Pieces:

Connecting the DeFi Legos:
Zerion acts as a single point of entry for users to easily access existing DeFi services. By being connected to MakerDAO’s CDP Tool, Zerion enables wallet users to borrow funds. By being connected to Compound, Zerion enables users to lend out their funds to passively earn interest. By being connected to Uniswap, Zerion enables users to swap tokens.

Note that Zerion is using multiple preassembled DeFi Legos to create a new and authentic product. Zerion is able to build their product in an agile manner and the DeFi projects that are involved benefit from having their services used — a symbiotic relationship.

Additionally, by connecting with multiple Web 3 wallets, like MetaMask, imToken, Trust Wallet, Coinbase Wallet, and Tokenary, Zerion is giving users a variety of ways to connect funds to their platform to use DeFi services. Instead of creating a new building block, they’ve combined multiple separate pieces to create a simplified product that’s valuable in a new and authentic way.

I would suggest taking Ethereum smart contract programming 101 & 201 to start with…

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Hi!
I miss Celsius (https://celsius.network/) in CeFi

I use it for a while and I’m very satisfied with it.

regards daniel

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@amadeobrands


This seems like an interesting DeFi project. What is your opinion about it?
Thank you, Mark
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I think BIDAO will be a good addition to this cours when or if BIDAO ever is released.

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Yes. Maker has first mover advantage. Will be interesting to see what happens in the future.

Also, what do you think of Ethlend now branded as AAVE? It’s one of the first Defi platforms to be built back in 2017 and was a good idea at the time and for it’s time. I’m not sure about the non collateral feature they now promote. What do you think?

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