@amadeobrands with CDPs what is the purpose of getting a loan in defi lending if you pay more in CDP position to collateralize that loan?
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Okay I did some looking around⌠say you go on MKR and borrow Dai you get 600 dai for 1 ETH in dai you then use that dai to buy more ETH, when ETH goes up you have your original eth still and you have your new eth. But if it goes down you run the risk of being undercollateralized and the loan being called
I was pretty blown away by the material in this course actually. I went through Defi Pulse a lot while watching once you introduced me to it. I am still looking for much more by way of new projects but I was really really interested in C.R.E.A.M. They even touched on a few of the ideas I was thinking of when I came across them. Check em out. But knowing youâŚlol, you probably already know 
UPDATE!!! YUP, JUST READ FURTHER INTO THEM AND FOUND OUT THAT THEY WENT THROUGH A âFLASH LOANSâ ATTACK AND LOST OVER $30MâŚCRAZY!!! YOU JUST TOLD US ABOUT THESE. Anyway, they say its under control and that apparently the hackers have been identified, but their numbers dropped 30% which is astounding. Iâm curious to see how they rebound.
I also wanted to mention that the reading material for Aleth.io wasnât working at all. Thanks again
What is C.R.E.A.M. Finance?
C.R.E.A.M. Finance is a blockchain agnostic, decentralized peer to peer lending platform based on a fork of Compound Finance. C.R.E.A.M. bridges liquidity across underserved assets by providing algorithmic money markets to these underserved assets. Users can supply any supported assets and use these supplied assets as collateral to borrow any other supported assets. C.R.E.A.M. has launched on Ethereum, and will soon be available on the Binance Smart Chain. C.R.E.A.M.âs focus is to list tokens that are relevant and important to the DeFi ecosystem such as stablecoins, (USDT, USDC, BUSD, yCRV, yyCRV, etc.), governance tokens (COMP, BAL, YFI, LEND, CRV, CREAM, MTA, SUSHI), and others such as ETH, LINK, and renBTC. This list is not exhaustive - please check app.cream.finance for the latest list of supported tokens. CREAM tokens serve as the governance token for the C.R.E.A.M. Finance network. Details of how governance will work with CREAM will be announced at a later date.
How to use C.R.E.A.M. Finance?
Users can supply and borrow tokens on C.R.E.A.M. by going to app.cream.finance. The dashboard shows the tokens supplied and borrowed. The Reward page shows the CREAM rewards that users have earned so far, along with information about how to earn them.
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I am personally looking forward to working with the Theta Network. Smart contracts can be written in Solidity, benefit of using an Ethereum-compatible VM for Theta â much of the extensive Ethereum dev tools can be used here as well, Gas is paid for in TFUEL (cheap).
https://docs.thetatoken.org/docs/smart-contract-wallet-deployment-example
One of the big drawbacks of all the defi projects that run on Ethereum is the transaction costs, it makes it to expensive to play around with the different projects for most.
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I have been following the Aurox project in the last few days: https://getaurox.com/
They have finalized the launch of their new UROS token on Uniswap today.
Their value proposition consists in bridging the gap between centralized exchanges and DeFi platforms.
They offer a fully centralized cryptocurrency exchange linked to a DeFi solution of their own built as a fork of Compound.
The credibility of the project relies essentially on the fact that their team has already created a functioning product called Aurox Terminal, an interface that allows customers to operate through APIs on multiple exchanges and to access advanced trend indicators.
What does everyone think about pancake swap? Itâs been on trend recently (trying to give uniswap a run for its money!)
Amadeo,
Thank you for doing such a great job explaining this. It is highly complex in its simplicity I am finding. Not sure if that makes sense or not.
I am very new to the space in general and have not yet had much time to explore beyond the networks and assets I have invested in to this point. Also I hope to get through as many of these classes as possible and so this has become much more my focus to this point.
However there is one project I am curious about mostly because of the massive amount of hype, hate, love, and so on that came with its arrival. That is the Hex project. I am curious about a technical and fundamental protocols behind the project. I understand there are many within the crypto space who have a lot of different feelings about this particular project. In this case I am simply curious to hear an academic take on the project rather than an emotional one. I have not explored enough of the DEFI space on my own yet to come up with a project which has not yet been mentioned here. So I thought of this as it was a recent source of buzz and Fud all over social media a few months ago.
Thank you.
This morning after Good Morning Crypto I checked out https://yfdai.finance/
Itâs a neat position theyâre going for with this project. However, the service is unavailable to users from certain countries.
Behodler - Saw this one recently.
https://medium.com/weidaithriftcoin/token-bonding-curves-the-movie-2ff612fc9263
Have you checked e.g. Analytics of the contract on etherscan.io?
https://etherscan.io/address/0x167cB3F2446F829eb327344b66E271D1a7eFeC9A#analytics
radix looks interesting
https://getradix.com/
ivan had good things to say about itâs âcomposabilityâ or lego-building block capabilitiesâŚplus they are making some amazing claimsâŚ1.4MM TPS and confirmations in 1-2 seconds
DeFi has certainly come a long way within the space of a year!
Do you think itâs mainly the bull market driving this space?
A fairly recent DeFi project launched is Reef Finance. Reef (REEF) is a Polkadot-based DeFi platform that aims to offer cross-chain trading powered by a yield engine and smart liquidity aggregator that enables automation of the exchange process.
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dYdX. Starkware layer 2 recently added and possible to deposit into it, with much lower fees.
One that I absolutely love itâs Superfarm
SuperFarm is a cross-chain DeFi protocol
that allows users to deploy crypto and NFT farms
with no code required!
Users can create NFTâs in videogames, art, anything really.
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I did a little bit of research on aliens world which is connecting the defi space with NFTs and turning it into a gaming environment. Very cool project and shows the capabilities in this fast growing industry.
hi everyone, just got into defi and decided to look up trustswap and 1inch, am very impressed with their results and am looking forward to the future of defi.
Number 43 on defi pulse.
Name: 88MPH
Category: DeFi / Yield Farming / Yield Aggregator
website: 88mph
Tech Stack: ETH
github repo: 88mph ¡ GitHub
Function: 88mph is a fixed-rate yield-generation protocol.
88mph allows users to deposit their assets into the non-custodial platform and begin earning passive income. Deposits are then used by the smart contract to earn interest and farm on various platforms like Aave, Compound, Harvest, and Yearn. Currently, 88mph incentivizes lenders to deposit their funds in the fixed-rate APY pools by additionally rewarding them with MPH token rewards.
BTW - THANKS @gabba I used your format.
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Frontier ($FRONT) is a novel project within the DeFi space:
âA Chain-Agnostic DeFi Aggregation Layerâ
Siren - A Platform for holding and actively trading tokenized options contracts