Josh & Amadeo Inter

DeFi 101 Course 2021
#41

What a great job with this course. So much detailed information and hands on execution with the MetaMask and bridges.

It is difficult to predict exactly what the future of DeFi will look like, as it is a rapidly evolving field that is still in its early stages of development. However, it is likely that DeFi will continue to grow and mature as a sector, potentially becoming more mainstream and widely adopted in the coming years.

Some possible developments that may shape the future of DeFi include:

  • Increased adoption by mainstream financial institutions: As DeFi becomes more mature and stable, it is possible that more mainstream financial institutions will begin to adopt DeFi protocols and infrastructure in their operations. This could involve the use of DeFi for things like settlement, clearing, and other back-office functions, or the creation of new financial products and services that leverage DeFi technology.

  • Greater regulatory clarity: As DeFi grows, it is likely that regulators will take a closer look at the sector and seek to provide greater clarity on how DeFi fits within existing regulatory frameworks. This could involve the creation of new regulations specifically tailored to DeFi, or the clarification of how existing regulations apply to DeFi.

  • Continued innovation: DeFi has already seen a significant amount of innovation in its short history, and it is likely that this trend will continue. This could involve the development of new protocols, the creation of new financial products and services, and the introduction of new technologies and infrastructure to support the growth of DeFi.

  • Increased user adoption: As DeFi becomes more stable and user-friendly, it is possible that more individuals and businesses will begin using DeFi platforms and services. This could involve the use of DeFi for things like borrowing, lending, and trading, as well as the use of DeFi for more traditional financial services like banking and payment processing.

1 Like
#42

I enjoyed the Defi course 101 and looking forward to taking Defi 201. Thanks Josh and Amadeo for educating how lending/borrowing, DEX and layer 2 works on the blockchain.

#43

From what is available today with L1s having smart contracts available. I see that there are different chain slowly creating their own defi ecosystem. I see Cardano, Solana, Fantom, and Avalanche. There’s also many L2s that are progressing security and scalability. With all the things that have happend with CeFi in 2022, i think many people will rethink what platform they will deposity their money. Each platform has their drawbacks though self custody or saving in DeFi is a better option. Im curious what will be in-store for DeFi this upcoming bull market.

#44

Thanks for this amazing course. It covers a wide range of topics of DeFi, however there’s ton of things to learn which was uncover. This fact was acknowledge by Josh, because it’s a space that evolves so fast. In fact, by the time I’m finishing this course there’s a way more things that is new to DeFi but I found and got informed by researching deeper in every lesson I took. This makes me wonder how the future of DeFi and finances and general will be. Here’s my attempt to deliver an answer.

Months after the course had finished we’ve witnessed the crash of so many companies, exchanges, protocols and even banks related to crypto. The regular people thought it was the end of crypto and some of them said it was obvious since “crypto is a scam after all”. However, we had gained enough knowledge to realize that all those entities that collapsed were centralized in some aspect, which is essentially the opposite value of what a true crypto means. Because they were centralized they were vulnerable to either an attack or the greed of their managers. All the collpased lived through the 2022 was a painful but needed cleaning of the space. The true decentralized protocols not only are surviving, but thriving.

Even though we’re looking forward for a truly decentralized and trustless DeFi ecosystem, there’s no such a thing yet. Many protocols and blockchains have little decentralization and are prone to decissions made by other people. The stablecoins so needed, are essentially centralized. Even DAI, which is a “decentralized” stablecoin is highly colletarized by USDC, a complete centralized asset. Bitcoin is not available yet in its true form into DeFi. In the case of the Ethereum ecosystem there’s WBTC which is a tokenized version of BTC that serves well in protocols such as AAVE and Maker DAO, is at some point centralized. It requires BTC as a backup in order to issue WBTC. Those BTCs are held by custodians.

As of today, we’re seeing closer the emergence of CBDCs that wether we like it or not, will interact with future DeFi protocols.

So, the promise a fully decentralized finances are still long way to go. We’re going to see an intermix from DeFi and the legacy financial system. Yes, of course the SWIFT mechanism will soon desappear and the use of DeFi will be as easy some day as what is like to use Whatsapp today.

We’re seeing quite clearly the impact of DeFi on the legacy financial system, but eventually will transform aspects of our daily life, or create new ways of doing things. Some of them inamiginable today.

DeFi is totally revolutionary and is not casual that DeFi, sound like “Defy”, because is definately defying the traditionally and obsolete financial system.

#45

This is my first deeper dive into DeFi and what I don’t seem to understand is the vision for DeFi. Looks like a little arbitrage which will settle down as the space matures. I also see folks wanting to get rich at 25 and being kings and queens.
My perception of what DeFi could be is we have smart contracts executing banking and financial processes that have historically been handled by CeFi organizations. Take the human hand out of the process because some people are dishonest while others are weak and can be led to dishonesty.
So, safety and security would be priority one for me. Having spent my life is the business world these are the areas that are focused on the least because they have little return on investment. Don’t rush a project to market and use the investors and users as test subjects to discover all the project weaknesses.
The course was very good. Some difficulties were experienced when trying to use the websites and links that no longer are functioning in the same way as the authors intended. Thank you.

#46

So I am finishing up this course after a long break and I noted some information is already outdated because things are moving so fast in this space. I hope you update this course in the future so that more people can learn about DeFi.

I believe that DeFi will continue to evolve towards greater interoperability, enabling seamless communication and interaction between different protocols and applications. This would open up a world of possibilities, allowing users to access a wider range of financial services and products without being locked into a single platform.

#47

In 2024 the TVL shows as 100 billion dollars which is a fraction of 3 trillion at the time of recording.
In all the application the value shown is still in USD a fiat currency and that shows while there is progress there is a long way ahead.