DeFi Ecosystem - Discussion

Defi 101 Course
#1396

I am getting into the concept of Yield Farming and this could be something worth exploring! Rn, Ethereum is not the best option for such strategies cause of high gas prices!

You could consider covering other ecosystems such as Polygon (Matic) on L2 or Avalanche on L1 and their increased impact on the DeFi landscape!

More and more people are moving their assets off of Ethereum and onto these alternative ecosystems because of cheaper tx fees to do the exact same functions, such as providing liquidity, lending, borrowing; and some projects on these growing ecosystems have crazy APYs for early-adopters!

imo, its worth checking out! :smile:

#1397

How about the Polkadot ecosystem?

"Kusama- Kusama is often considered to be the testing ground for Polkadot projects. Described as the “cousin” of Polkadot, Kusama was also built on Substrate and was created by Polkadot co-founder Dr. Gavin Wood in 2019, using an almost-identical codebase to Polkadot. Although it is often referred to as the “testnet” for Polkadot, Kusama has provided a versatile environment that has assisted in the rapid growth of several top Polkadot projects.

Moonbeam- Moonbeam is an interoperable platform for smart contract deployment that will allow users to easily bridge Polkadot and Ethereum. The Moonbeam utility token “Glimmer” (GLMR) will be used for transaction fees when executing and interacting with smart contracts.

Centrifuge- Centrifuge is a Polkadot-compatible protocol for decentralized financial assets that serves as a “gateway for real-world assets into DeFi”. Working in conjunction with MakerDAO, Circle, and Celo Protocol, Centrifuge facilitates borrowing and lending on the blockchain. Moreover, users can take out loans using real-world assets as collateral. For example, using Centrifuge, it is possible to take out a loan using invoices, mortgages, and other tokenized assets as collateral. Centrifuge has two key components, Centrifuge Chain, and Tinlake.

Edgeware- Edgeware is a “self-improving smart contract blockchain” built for the Polkadot ecosystem. Development of the Edgeware blockchain is sustained by the Edgeware on-chain treasury, which is run by elected network participants.

Polkastarter- Polkastarter is a crypto launchpad and fundraising platform that facilitates cross-chain auctions and token pools. The Polkastarter platform makes it easy for projects to raise capital from a decentralized, interoperable, Polkadot-based environment. The native POLS ERC-20 token has experienced incredible price action, as several projects launched on Polkastarter have seen significant success.

Exeedme- Launched on Polkastarter, Exeedme is a gaming platform designed to create new revenue streams for users of the platform. Exeedme harnesses the power of non-fungible tokens (NFTs) and decentralized finance (DeFi) to incentivize gamers to monetize their skills. This is achieved with the native XED token.

Akropolis- Akropolis is an autonomous, decentralized platform powered by Polkadot for building community economies. As one of the most innovative cross-chain decentralized finance (DeFi) protocols to-date, Akropolis facilitates under-collateralized borrowing and lending. This could be a complete changer for DeFi, as most DeFi lending protocols require over-collateralization to take out a loan."- https://academy.ivanontech.com/blog/top-polkadot-projects-2021-exploring-the-polkadot-ecosystem

#1398

Cryptocapsule - Project that allows you to create a smart contract, which stores your crypto and will make it acessible to recipient (you or someone else) at the certain time in the future. It is a great idea for making Trustless Trust fund.

#1399

I’m sure it’s already been mentioned, but Pancake Swap on BSC.

#1400

I am aiming for Rabbitt tokens.

#1401

I have been using the simulation mode in defisavers platform, which has been a great learning experience.

#1402

Hi Amadeo,
I’ve found an interesting one, Tokens pegged to Real Estate around the world. It’s called Dynasty Global Investments AG.
A Swiss/Brazilian based company.
On their website you can find the white paper --> https://ieo.dynastygi.com/
It allows you to receive an income from their Real Estate portfolio.

#1403

Thx Amadeo for your lessons. The Defi world is opening for me although for me it is just the beginning. Edwin

#1404

Interesting? https://twitter.com/Uniswap/status/1410032279699787776?s=19

#1405

Coinbase USDC 4%…Worth It? - YouTube

#1406

https://betoken.fund

It sounds a little risky as I wonder how they qualify their asset managers? Also, isn’t this just replicating Cefi in the Defi platform? I wonder what the fees are and how do we guarantee that they can ‘invest’ on or behalf? More questions than answers.

#1407

Thorchain RUNE - Swaps and yield of native BTC, ETH, BNB. Cross chain nodes via Bifrost modules.

Karura and Moonbeam - DeFi platforms, built on Substrate, EVM compatible, soon to launch, connected to Kusama relay chain.

#1408

I’m currently looking at Bridge Mutual(BMI)
They are a decentralized defi insurance provide

#1409

Hi Amadeo

DeFi is certainly a fascinating a rapidly developing space! So many new projects since your lectures were recorded that I can see it’s going to be more and more difficult to keep up with them!

One interesting new one I found that I don’t think has been mentioned is

Litentry - A Cross-chain Identity Aggregator (https://www.litentry.com)

It is described as a network that supports cross-chain aggregated identities, built on Substrate, ready for Polkadot.

The website states that “The credit computation algorithms, the data origins, and the identity registrars are all governed by the LIT stakeholders”, whose relationships and activities generate community governance credit; and that the “Litentry Network processes DID verification, aggregation, and computation requests from service demanders and returns trustable results. The process will be implemented by a random set of validators in the network in a fully decentralized and transparent way.”

Their “Light Paper” explains the concept of having a decentralized digital identity aggregator conforming to the W3C standard which acts a globally unique identifier that does not require a centralized registration authority. The idea is to integrate the different DID standards of different decentralized systems. The identifier would “play a critical role in scenarios where the server requests the client for identity data, such as KYC, credit scores, or credentials, in an attempt to provide services.”

The idea seems to be a very much needed addition to the DeFi landscape – another piece of the “Lego set”, hopefully providing a way of users only needing to register their details once for all DeFi applications, and for those details to be stored privately and immutably on a blockchain.

I just wonder how long it might take them to satisfy the regulators in various jurisdictions that this methodology complies with their requirements. Clearly, regulation will come to the DeFi space in the near future.

Would be interested to hear your thoughts and those of other members of the community.

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#1410

Hi Amadeo,

Thanks for the extensive coverage in the course so far. I’d just like to ask about the risks of investing in the ever increasing DeFi DApps market, which I know you briefly touched on. As we’ve been repeatedly warned when buying cryptocurrency, never leave your assets on an exchange as you’re at risk of losing them, such as thousands of Bitcoin account holders experienced when Mt Gox went bankrupt in 2014. So when lending our crypto assets to a DeFi lender, are we not essentially taking the same risk? What level of protection exists to prevent this?

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#1411

DefiChain, Dodo, Hegic, Leverj, PieDAO

#1412

Upland is a DApp on the EOS blockchain that allows virtual property trading, which are mapped to real world addresses such as in San Francisco and New York and expanding every day. Though classed as a game DApp and not strictly DeFi, users are able to purchase NFT properties via the native UPX token and can trade them at a later date for more UPX, other Upland properties or US$. Just recently Upland introduced the Spark token resource, which opens up the opportunity for building development within the Upland metaverse. This is an area still in its infancy and there is huge scope for advancement, offering users in the future not just a virtual tour of any city they wish to visit on the planet, but potentially a whole interactive experience.

#1413

Name: DODO

Category: lending

Github: https://github.com/DODOEX

Whitepaper: https://dodoex.github.io/docs/docs/whitepaper/

Website: https://dodoex.io

Techstake: ETH/USDC

The problems they fixes:

  • Removed all roadblocks hindering liquidity pool creation for the issuance of new assets,

  • Reduces impermanent loss, and minimize slippage for traders.

#1414

Swissborg , about how the safety net works.

#1415

Just wanted to write about it :grin:

im using it since a few weeks with BTC/DFI LP 82.1% APR and DFI staking 106.6% APY
at the moment. So far im very happy. Im using it via CakeDefi at the moment.
CakeDefi is very easy to use but you have to pay some fees for the service. You can download the DefiChain Wallet and run your own note so that you don’t need cakedefi as middleman and save the fees but it requires a bit higher skills.
Overall very nice so far :+1:

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