Mateusz,
Good day, I just reviewed Dodo and wonder what your take is on its’ projected value as an investment. Interesting marketing. As a “Proactive Market Maker,” I wonder how it’s miners are able to claim such?
How does DODO boost stable coin liquidity? How do they “add” more stablecoin trading pairs with liquidity mining on Ethereum Mainnet? What is the advantage of access to Huobi Eco Chain HECO? How is DODO a good project? What caught your attention to DODO vs. other DeFi assets?
So far, my being new to DeFi, especially the Synthetics, I wonder that so many are enhancers, (make faster better applications), helper protocols based on ETH or BTC until a better improving, enhancing, helper Defi token comes along. Then what? Definitely fascinating crypto market. Have a lovely week!
Hi Amadeo,
enjoying your course, what I don’t like are the Etherium gas fees…
I suggest https://celsius.network/ and https://blockfi.com/ they are centralized but working fine.
Thanks sharing your knowledge.
I really like the concepts behind DeFi, and I love how this course goes through some of the Ethereum dApps step-by-step with detailed explanations.
However, gas fees are so high right now that in order to experiment with the DeFi ecosystem, I’d have to spend $20-30USD per transaction, which makes it prohibitively expensive.
I’m really looking forward to finishing this course when it is more affordable to participate in DeFi activities…it looks like a lot of fun and has a very promising future imo
It’s going to be a little while before Ethereum is affordable to use again, but I’m hopeful for the rollout of Cardano smart contracts later this year.
Maybe there will even be Cardano smart contract & Cardano dApp programming courses here too
Until then, it looks like it’s on to the Ivan On Tech programming courses for me. See you all there!
P.S. Does anyone have an educated guesstimate of how much EIP-1559 is expected to reduce Ethereum’s overall cost per transaction? Is it expected to be a significant amount? I understand that a lot of the tx fees will be burned instead of being paid to miners, but those fees will still exist and be charged to network users prior to the tokens being burned, correct? Thanks in advance for any insight you can provide
Hi Amadeo, I was looking at Truefi, it does look like it is at a great price, but do you think its a good project that you would add to your list.?
Definitely Orion Protocol @amadeobrands. It’s quite new but they have shown to be a serious project the last couple of months. It’s maturing and ready to take on other platforms like uniswap or 1inch. They want to provide the best liquidity against the best prices for every DEX, CEX and swap pool in the market.
Hello Amadeo,
The pros and cons of DeFi! I agree that this course was very complicated to understand due to the immense areas of data that can be put to use on blockchain with extenuating degrees of CeFi stacks of support and marketing. In finance the DeFi seems almost like a crypto version of the Stock Markets. Derivatives and options…crypto-commodities… ways to lose your money… scary. The attraction of cryptocurrencies and smart contracts has been the decentralization, peer to peer, and rules that make the crypto market democratized. I like pure blockchain, no Cefi. Pure trustlessness! Is there such? I know that crypto mining is not easy, but for those who chose mining, they solve the problem and earn their coins. It can be lucrative.
Yet logically, I understand that DeFi offers a vast array of legitimate wealth building that cannot be ignored. The pioneers of DeFi may do very fine work and create wealth for many including themselves.
I would not want to invest in a project that I would not like to work, or that has structures with which I would not agree. In our study in your excellent course, I found structures of DeFi that sound good. Yet, seem too well marketed and flimsy. The more layers of work outside of blockchain such as the paper ledgers the less likely I would invest or work. I realize we learn from our failures, but if any had history of hackings, I would not be interested in investing. Yet, because of the extensive research and protocols of the insurance DeFi Nexus, I found the company substantial. You said, “eloquent.” I agree. The CEO stated that their goal is to strive for more trustlessness. I like that.
When companies can change to rules to suit the company even though the work of the contracts are on blockchain and cannot be changed, I find that too much like CeFi. The more CeFi stacks and layers of services the more likely subject to SEC scrutiny? I wonder? I do not mind higher fees. That is how the miners and NFT providers make their money and you want good people in the business. If the product is good and tests the challenges of time which are many in the newness of this volatile market. What market isn’t these days. Gold is not as volatile this year yet it barely moves from $1,850. Pax barely moves either.
Polygon is green today in the sea of red on the exchanges. It has some attractive features as a DeFi. I will keep an eye on Polygon.
Yet at the same time, I still like Ripple/XRP and understand that the future of XRP will be entering the DeFi market. I like Stellar Lumen. Those are two of my favorites. As I write nearly all of the cryptos are down, seriously down, but not Stellar or XRP. They weather the storms and XRP the SEC storm, and won. At what costs? It is a wonderful time to be in this market. Thank you for a great course in DeFi crypto!
Hi Amadeo,
I have had the chance to start using Curve.fi and I believe that it is a project that will be around for a long time. I know that it has also been integrated into several other projects such as the Yearn protocol and most recently to convexfinance.com. I would love to hear your thoughts on these projects. Thanks for your input and sharing your knowledge.
I would like a deeper dive into Yearn.finance
One of the things I recently discovered is Conflux and its cross-chain asset protocol ShuttleFlow. It looks very new based on its small asset cap. But take a look here: https://defi.confluxnetwork.org/en/cross-chain-asset-protocol/
Cross-chain protocols were not covered in the original DeFi course (at least not up to this point)
I have been looking at Pantherswap on BSC . They have some features i liked. Antiwhale mechamisn where the largest swap was based on a % of TVL. As TVL increases the % for the aniwhale is reduced.
Hi,
i would mention, that lending is available directly in the ledger app.
You can choose between DAI, USDT + USDC.
The smartcontract is on compound, very easy to use inside the ledger app.
Would be interesting if the fees and the APY are as good as with the dedicated apps + metamask.
Maybe Trezor or other device software has that feature too?
Offtopic?: (May 2021)
Due to the recent crash of ethereum, DAI is no longer a decentralized stablecoin, but is now backed by USDC…
Welcome Goldman Sachs.
there is now the SHIBUs and Doges families emerging.could they be community building ecosystems
How does Yearn Finance YFI manage to beat the odds of the market and generate more value than BTC. what makes it awesome. YFI is 45k. BTC is 37k as at now.
2. whats the difference between Binance smart chain , Solana, Polkadot and Cardano ecosystems
3, Are these interoperable? Can they accommodate Ethereum
4. What do you think could happen incase Ethereum goes through a hard fork due to the upgrade from POW to POS. will the price reduce if 51% of the miners decide they want to stay in the POW environment.
5. If this happens, what will be the impact on layer 2 protocols that have been built awaiting the upgrade?
these are just some general questions . Thanks
How about the financial ecosystem for the meme… the money side of fun. Lovin’ some Popcorn Token. The recent roller coaster on meme-coins with Doge, not to mention Elon’s involvement, absolutely brought to light the market potential that exists in memes, social media, and DeFi. Where we once had an app for that now, we’ve got a token for it!
sounds pretty cool. i started using mirror.finance as well
liquity.org sounds to be promising though I have not used it my self, I hear tokenmetrics.com talking about this one alot.
No ones mentioned ChainLink yet?! its not new but needs to be added to the list it basically combines traditional world with the now/new all through oracles/smart contacts that allow off chain data to be used on chain. you can also trade and leverage it through various exchanges.
check out these links.
https://blog.chain.link/what-is-chainlink/
https://chain.link/
new ones that are not on the list… PancakeSwap? its an exchange, you can trade provide liquidity etc here’s link to read more about it.
https://pancakeswap.finance/
@docozone put too ^
Using Swan to DCA BTC and then sending it to Ledn where it gets 6.1% APY.
Well done!
On Mirror, what has worked for me so far is Trade - Pool - Stake - Governance to generate MIR that are nicely compounding.
I have not used Mint.
I think the Anchor is also very cool. Now that the Luna token is down, it is a really nice time to engage with the full spectrum of the strategies offered. If you are interested here is a cool video issued by Terra about all the strategies one can us on Anchor : https://www.youtube.com/watch?v=AYOK2z0ZMEQ