@Dexda
Well done!
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
I would like to see an in depth review of AAVE
My favourite DeFi project that I have been waiting for for a while now that might have some great future potential is: Flare Network and Flare Finance.
Release Date: June - July 2021
Adding Utility to following tokens: XRP / XLM / BTC / ETH / DOGE / GALA / Many more to come.
Flare Finance Website: https://flr.finance/
Flare Network Website: https://flare.xyz/
This project has amazing potential and I think its very underrated as I haven`t really seen people shilling this project other than XRP Investors.
I think itâs worth taking a look at DeFiChain. (https://defichain.com/)
A platform dedicated to bringing full DeFi capabilities to the Bitcoin ecosystem. The network adapts Bitcoinâs security by anchoring to the Bitcoin blockchain via Merkle root every few blocks. Being non-Turing complete, they say it reduces risk of smart contract errors.
Ivan did a review of Cake DeFi, a custodial Platform on DeFi Chain: https://academy.ivanontech.com/blog/cake-defi-a-risk-free-cedefi-solution-for-crypto-cash-flow
absolutely thank you for the input! One question ; can you do something with aUST Tokens once you staked some UST in the âEARNâ Tab on Anchor? Like can you restake aUST in another pool?
Hi Amadeo, A new DeFi program that was just announced but could potentially be really useful is Marlowe that is built on Cardano. Its not a borrow/lend kind of program that you demonstrated on the videos but it will allow non-crypto finance folks to create smart contracts to cut out the middle man.
I installed Metamask and connected it to Compound. I was able to supply $100.00 worth of DAI. There is no doubt that the DeFi ecosystem is only going to evolve and grow as time goes by.
Thanks for your explanation and walk-through! Iâd be interested in also looking at eth alternatives on other blockchains such as PDEX on Polkadot.
Also, would it be possible to provide some examples for cases where one supplys a crypto currency to lend another? What are the top reason for someone to borrow for exaple dai for eth?
Thanks!
Hi All,
I have started to use a lot of De-Fi projects on BSC chain and found it very exciting. Now I am studying others, but it is not that good in terms of APY, however, would like to get involved more into Matic/Polygon based De-Fi projects.
@Amadeo, thanks a lot for the course. I see so many changes in DeFi within a year!!!Crazy.
Cheers!
Hi Amadeo, https://yieldly.finance/ - the first DeFI project on Algorand network, as they position themselves.
Hi Dexda
Once your aUST are in the Earn tab, I do not believe you can do much.
However if you have Luna, you can bond them in the Bond Tab and then use them as collateral to borrow UST than you can then commit to your aUST in the Earn tab. There is an incentive to borrow with an APR reward of 300% paid in ANC that you can then claim. Once claimed you can stake or pool them in the Govern tab. I am exploring this at the moment taking the opportunity of a low priced Luna token.
I have also heard that you will be able to bond non Terra token in the futur like Polkadot. But I do not know the status⌠If you have some info about this, please share.
Hello guys! What do you guys think about Harmony one?
Thera are some new projects and the fees are very low! such as Matic network.
hi fred; thanks for the input. i already experimented with the bLuna & borrowing USD against it. I would recommend you check out mirror.finance where you can stake for example MIR & UST in a LP. Super cool.
Celsius and Injective Protocol
A project that could be added to the De-Fi Ecosystem overview is SwissBorg
(CHSB token)
they offer governance to their community, staking, yield farming with good APY,
Supported in numerous countries worldwide, smart engine for best rates across multiple exchanges in seconds, crypto market analysis updates, invite rewards. Their wallet has numerous safety features and has been tested (Pen test) and found to be highly secure (at present ).
BTC, ETH, USDC, USDT, ENJIN, BNB, Aave, Dai, Compound, Uniswap, Chillz, Dot & more,15 Fiat currencies accepted. Growth of new coins into their earn portfolio showing good signs of growth building a strong community.
They have reached the $1 B valuation & seem to have a good ethos.
Here is a link for Centrifuge:
https://centrifuge.io/
What they do is that they bridge assets such as invoices, real estate, royalties to DeFi. The borrowers can finance their actual assets without banks or other intermediaries. Providing liquidity is open and investors receive return and CFG reward.
Thanks Dexda.
Mirror.finance is really cool.
I initially have bought synthetic assets, put them into the LP and received great MIR reward that I did stake in the governance for further reward. Looking at your comment I now see the APR on MIR for LP has become higher than the APR on the synthetic assets I initially bought.
Based on your comment, Instead of staking my MIR rewards to governance I may put them into the LP first with the UST income generated on Anchor⌠so cool when you think of it.
What major risk have you identified with the Terra ecosystem?
I am brand new to all of this but what I can gather from my basic research https://formation.fi/ has a really exciting roadmap to help understanding and managing the risk involved for you in the protocol when looking to invest invest cryptoâs
Hey Amadeo,
Interesting project below.
SyncBond â The idea is to create bonds using NFTâs (ERC-721) Tokens to Lock up Defi tokens for a set duration when it matures the original Tokens locked in, the equivalent value in SYNC tokens plus the newly minted SYNC tokens. The main focus is that these crypto bonds are also totally tradable at any time for the current value.
Website : https://syncbond.com/
Whitepaper : https://syncbond.com/wp-content/uploads/2021/02/sync_whitepaper.pdf
Category : Assets
Tech Stack : ETH
Input Crypto : ETH: ERC-721, ERC-20
This project seems likely to gain traction at some point, and does look like a new way to be able to trade out your crypto while being staked.
Thanks,
Alex L.
the aspect of an impermanent loss is right up there. Rug pulls could be a thing too but i think terra is good on that one.