DeFi Ecosystem - Discussion

Defi 101 Course
#1154

DeFi seems really nice because it is still young and as the CeFi was in the start everything is great for the users. But as history has taught us, we have to thread lightly and not make the same mistake. Because interest on savings nowadays in whole world is pathetic and people are motivated to spend more than they have. Possibilities over wishes !

Interest on decentralized savings accounts is usually significantly higher compared to their centralized counterparts. Savers also do not have to take any volatility risks, such as with Bitcoin or Ethereum. Instead, they can put their savings in Stablecoins – cryptocurrencies linked to a fiat currency such as USD or EUR – and receive interest in return.

https://nexo.io/ - I find them interesting due to daily pay out of interest and high rate of interests on stabletokens, meaning the whole industry is leaning towards cryptocurrency

#1155

Hello Amadeo,

definetly, check out Aave, syntehix.

#1156

what do you guys think of terra station , LUNA & Mirror protocol??

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#1157

I would like you to explore the DeFi ecosystem for yourself and challenge you to spot new projects in the DeFi space that need to be included in my DeFi Ecosystem overview .

Please go over Uniswap. As one of the first DEX’s it would be fundamental.

#1158

It would be cool to review products like Nexo, Celsius and BlockFi as they are a blend of defi and cefi

#1159

I think MAHA DAO should be added since they now have their ARTH coin.

Also Authereum is an online contract-based wallet which I think is good, not sure if that counts as DeFi thought.

Also SushiSwap / Pancake Swap.

#1160

Hi Amadeo, thanks for the great content.
I’m very new to this, but the one dapp I’ve found is maple.finance: Maple is a capital-efficient corporate debt marketplace allowing institutions to borrow from Liquidity Pools funded by the DeFi ecosystem and managed by experienced investors. - not sure if this is more cefi or defi, given that last part of the sentence.

I also have a question: I was surprised at how high the fees seemed to me on wyre when I bought some ether on it - about a $7 fee for a $50 transaction - the question - is this normal, and are there better/cheaper ways to buy ether?

Thanks,
Richard

#1161

I would add Polygon (formerly Matic network) as a layer 2 solution :slight_smile:

#1162

Hey Jamo!

The gas fees on ETH are fixed rates in the smart contract, so your fee would be the same if the transaction was 50$ or 50000$. It depends on the value of ETH at the moment of the transaction

#1163

https://www.kingswap.io/

This is interesting. Says it’s a fork of uniswap. It seems like a trading platform for NFTs

#1164

As someone newer to the space of Defi I find the industry fragmented and difficult to navigate. There are so many apps to trade on, swap, provide liquidity, hold your crypto, etc. Therefore, any Defi projects that are attempting to solve this problem for me is a great project. I like Orion project for this reason. Exchanges for me right now are familiar but then again you have that saying not your keys not your crypto. So if a project like Orion could make trading like an exchange but also allow you to hold your keys that would be great.

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#1165

I’m new to the DeFi ecosystem and haven’t tried anything yet. I find it is difficult to figure out how it works. There are so many DeFi products on the market right now and feel like they are all kind of similar to each other for me. However, there is one product that got my attention last month. It calls Alpha Lab Finance. It is a new project that was released the last year 2020 Which seems a good project and their coin price did also good on the exchange until a few weeks back they are hacked, lost 37millions.
After it happened the community reacted fast to solve the bug in their ecosystem. Now they start to getting recovered from it. From what happened I gained more trust in this project, they show how professional the team is and their problem-solving skills.

#1166

Polkastarter a Protocol built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot.

Very interested in this protocol.

#1167

**Can you explore binance smart chains projects such PancakeSwap? They are so hype at the moment and their volume is increasing. It would be good to learn more about it. Is it good investment with solid fundamentals or just hype?

#1168

AMM/Aggregators: Uniswap, Sushiswap, 1inch, Paraswap, Anyswap, atomic.blue, Quickswap
L2: Raydium, Zkswap
Synthetic Assets: Mirror
Other DeFi protocols: 88mph, Rari Capital, Alchemix, DefiPie
Other networks: Avalanche, Binance Smart Chain
Check the amount of gas fees you spent: https://fees.wtf/

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#1169

Name: NFTfi
Category: Lending
Website: nftfi.com
Input: NFT assets
Problem solved: Allows borrowers to post digital assets as collateral.

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#1170

Hey Amadeo,

I am definitely interested in the financial opportunities available in crypto, but I’m most excited about the possibilities that blockchain and decentralized technology has for We The People to take back our Freedom! Ever since I started understanding the technology a little bit, that has excited me much more than the short-term financial gains.

I watched your DeFi series and have done some of my own research. I am excited about some projects I’ve found that are focused on Privacy. I think a few projects that deserve a spot on your Overview are the projects associated with BPSAA (https://bpsaa.vision). I especially like Sentinel.co and Ether-1 (https://ether1.org).

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#1171

YFDAI needs to be added to your DeFi Ecosystem overview. Launching rug-pull preventative “Safeswap” with 72% staking, SSGT airdrop and presale coming up.

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#1172

I found Finance. Vote to be an interesting project maybe you can give your opinion on it. One of the interesting features is the addition of consensus apps.

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#1173

I liked AAVE. very user friendly https://aave.com/

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