DeFi Ecosystem - Discussion

Defi 101 Course
#1336

EDIT: finally got toward the end of the course and have tremendously increased my knowledge base on makerDAO and compound, but @amadeobrands can you do a video on AAVE? I’m not sure when your lessons were recorded but AAVE is so big now, it’s hard to not have a solid grasp on it.

I’ve watched a ton of youtube videos and rent plenty of articles and I am still not understanding the concepts behind maker, compound, aave or yearn. I can grasp the general idea but I still don’t fully get it.
EX: lend ETH. be given DAI comparable to lend, as needed, and in the interim interest is being accrued, which is paid out in a different token (maker DAO, aave, for example). Is it just as simple as that? I’m not too confident because I am also a bit confused about AMM, which I believe is what the process I just described was, but I’m not sure.

any information or resources would be helpful. Finally trying to get a handle on this topic so I can start adding some DeFi to my investments. I was really interested in instaDapp, which markets itself as a DeFi lending protocol that combines each of these markets (and adds Uniswap’s liquidity provider as an option to utilize). I also am hearing that it is for people, like myself, who only kinda of vaguely get what is going on with these dapps.

#1337

This is a great qwestion :smiley:
And this is also the magic of DeFi … The money that a person lends kinda always stays in your control it is only used for levrage or to derisk someting.

#1338

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#1339

I do not get it ^^. But what if the lend money is not anymore there because the person which lends the money loses for example by trading badly and there is no money left?

#1340

I honestly was brought on by a friend to DEFI - Goose hahaha, then i went ahead and looked at pancakeswap and now looking into Bake from Binance.

I really like the concept of all these financial services/products available to the general public - With good given time for education and “regulation” I think this will be the discruption of our generation…Time is esencial.

#1341

Pickle Finance, found on exodus wallet news. It is a defi yield aggregator where people give stake with pickle finance into a pool, then pickle finance finds the best ROI and stakes that pool into it.

#1342

88mph which is a defi protocol that offers fixed annual yield by selling floating bonds. When their is a deflation of borrowing in lending that would result in a lower annual yield it then produces floating bonds to make up the difference.

#1343

Hi Amadeo,
Thank you for your knowledge
I really would be glad to know your opinion about https://alchemix.fi/

#1344

I found Shield Finance is a new and interesting project. It has a deflationary burning mechanism on its own coin.

#1345

Hi,
I have been experimenting with the Terra ecosystem on DeFi that is not dependent on ETH.
There are some cool bridge to bring in your ERC20 assets into the Terra ecosystem.
I am happy to guide you with what I have learnt so far if someone want to try :wink:

2 dApps I have tried on the Terra ecosystem

Too bad that I could not compare the risk profile of these protocols on the ressources provided in this course. I see a lot of DeFi dApps being built outside of the ETH ecosystem that are faster and much much cheaper in gas fees.

#1346

A little housekeeping maybe? Looking at the recommended links, where are the “s” in the http:???
Just wondering?

1 Like
#1347

Dear @amadeobrands, thanks for your guidance!
I have successfully installed metamask to my browser. Unfortunately it states a TX fee of about 90$ when I try to swap ETH to Dai. I went to 1inch for a better price but the difference is maybe 3$. If there is a cheaper way to go through this section please let me know.
I am trying liquidity swap for the first time now. Ill let you all know about my experience afterwards.

#1348

Chainlink, Uniswap looks like good projects

#1349

On-chain liquidity provider: https://dodoex.io/

#1350

https://www.vertalo.com/
for managing digital assets, issuers and investors.
Found this while exploring.

#1351

Hi, @Dexda, so far I love it.
I am testing both Anchor and Mirror finance.
Being new to the space I found it difficult at the beginning to get Terra USD to engage but got the hang of it.
An so far :

  • A cool 20% APY on Anchor on your Terra USD deposit.
  • A great reward system on Mirror protocol as soon as you buy some of the synthetics that you then pool to get MIR token rewards. The MIR token rewards can then be staked for governance for another cool 33% APR.

I know there is more to it, but this is as far as I have tested. So if anyone as any insight please share.

1 Like
#1352

Hi Amadeo

Can you please share your thoughts on the Terra ecosystem and their DeFi protocol with Anchor and Mirror finance.
Thanks
Frederic

#1353

DeFi and Fintech event
https://youtu.be/21eFO8DfLhM

#1354

Hi thanks for the great course about defi！

I still one question neet to figure out , if someone provide a token’s liquidity on dex and he can stop to be a liquidity provider anytime he want , technically no one have his private key but himself ,how can his tokens add liquidity in the dex?

#1355

Of the courses I have taken, thus far, DeFi seems to be the most complicated. I am still grappling with the financial concept of lending and borrowing it offers. A great DeFi is on that has several building blocks. With that in mind, I seem to to be drawn to Aave because they accept several crypto inputs.

I have tried using Coinebase Wallet to invest DAI, but it is still sitting in my wallet because of very high ETH staking fees ($90+). I will definitely try using the ones mentioned in this course.

I would like to see more non-ETH platform recommended and used for DeFi investing. Recently, I came across PancakeSwap, which works on the Binance Smart Chain. Although PancakeSwap currently only allows for the exchange of two coins, I would love to see the platform developed to include lending/staking and borrowing.