… I’m interested in this too.
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@amadeobrands – Thanks for your insight and expertise on Defi, as well as helping outline various use cases w/ illustrations and the many benefits. This course has taught me a lot about decentralized finance.
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I would like to build an all-in-one lending platform/protocol that supports both collateralised and uncollateralised loans. It may be utilised for any financing required and for attractive interest returns. Some example usecases are mortgages, vehicle financing, company startups and on-chain pawning of valuables.
To begin with it may match borrowers to lenders with an ‘order book’ system and later be upgraded to use a liquidity pool to buffer between these entities.
Borrowers may create a very flexible repayment plan that includes as many installments as they require. Lenders may choose to recieve their repayments+interest as they are repaid or all at once.
For uncollateralised or undercollateralised loans, lenders will recieve a premium interest rate for taking on the risk of default. Uncollateralised borrowers with poor credit scores will naturally pay higher interest rates.
A securitization protocol could also be implemented that allows borrowers to securitize their assets such as house, car, valuable possessions etc and offer them as collateral to borrow against.
All interest rates will be set by free market dynamics with no influence from central banks, governments or other institutional counterparties.
Borrowers and lenders alike may wish to cover against smart contract risk (borrowers could have their collateral stolen and lenders their funds). This could be insured using Nexus Mutual.
The lego blocks I may require to build this infrastructure are: Compound, Polymath (for asset securitization), Nexus Mutual, Kyber Network (for liquidity services) and Ripio Credit Network (to access credit scores).
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Thank you for a very informative course and no doubt see you later on in the course!
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hi Amadeo,
For the CeFi Important players in the Defi Overview file, you can add:
Celsius and YouHodler. Both offer the same service as BlockFi.
I use all 3 companies to stake and earn my BTC/ETH.
Have only used Compound so far in terms of DeFi platforms using my own funds
Want to try Oasis but the gas fees are way too high at the moment! So instead have been watching “how to do” videos instead!
Loved the course!
Cheers,
Tino
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If you can’t see the token you just bought on your Metamask, you can copy and paste the token smart contract address in the search bar, add it, and then it appears on your Metamask wallet.
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At this point I don’t have any projects in mind since I’ve just started in the DeFi space and still need to learn more to let all this information sink in.
After the DeFi craze I would like to see more real-world physical assets interacting with the DeFi space. This “lego” or building block approach will hopefully soon be implemented more to NFTs so we can tokenize concrete items that are valuable to the masses (real estate, vehicles, supply chain goods etc.)
The technology currently being used in speculative DeFi could be utilized in other areas too. Maybe the next altcoin trend narrative will start from NFTs in video games or from somewhere else.
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Thank you Amadeo, very interesting course and enjoyed it. I like the Maker Dao protocol, it sounds great for profit gains.
I’ve read that you are living in Philippines! Cavite is near Batangas where I was born. I go there for my yearly visit. I am living in UK and been here a long time and oneday I will be back there. I have a niece who is 17 years old studying IT and doing great. I want her to become a blockchain developer. Do you teach in Philippines?
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The course was amazing
I bevel that with DeFi in the future people will loose the scare of the crypto world when they realized all the things you can do with it compare to the Centralized Finance system we have today
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Defi is an eye opener to an entire money world mainstream has no clue about. Glad to be here.
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Hi, guys! I’m happy to be able to show a new DeFi site I just found out… A friend of mine working for different crypto projects told me about it, and it was just launched yesterday!
As the author of the project defines it: https://twitter.com/bounce_finance?s=21
It’s an experiment, it’s basically an auction site for tokens. Very similar to UniSwap as far as I can see…
And I love UniSwap and the possibilities it’s bringing to the people!
Anyway, I bought some of their BOT token to try it out, and glad that the eth fees were a little lower than what I usually pay in UniSwap or Synthetix.
Good luck with your DeFi experience and DYOR!!!
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Yes lets keep the core values alive …
Watch out for Yield seeking and shit coin pumpers.
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Did some research on this new protocol.
It seems to me like an interesting experiment but it seems not to be working out at the moment 
As far as I see there are already many many scams on it at the moment 
I would recommend to really watch out there is also already many BOT token versions.
WATCH OUT!
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so I’m gonna be totally honest here.I need some time to process whats going on here because there are some conceptual challenges for me, and also some red flags popping about how defi could also play a part in damaging the perception of how defi can be beneficial for the common person. Some of the biggest contributors to the cefi market’s dark side, are money manipulation, lack of access, and illiquidity.
We still have a lot of Whales in this space. The smaller the project, the easier to be a whale. This far reaching economic hedging, leveraging, and creative financing aspect of synthetic markets is beyond the education and conceptual level of 90% of humans on this earth. And while these decentralized economic environments largely do depend on over-collaterilazation, the actual value of the collateralized assets are not finite. I realize the us dollar is also not finite, however, the majority of the world still views ALL crypto as speculative assets.
Lets imagine a scenario where a whale in a particular market in defi deploys bots that seek smart contracts that are slightly vulnerable to liquidation in a market he/she has big bags in. The whale manipulates the price as such as to cause those contracts to be undercollateralized (we’re not talking Dai or USDC) in wrapped tokens of smaller cap coins. The whale then takes advantage of the liquidations. Following suit, many traders see the unwrapped asset dump and begin to buy in, causing an artificial consolidation in which the whale can also participate to begin the future price pump where the whale sees MASSIVE gains. This could paint a bad picture for defi ingeneral.
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I had the same experience 0.00% ROI with “oasis.save.” Ended up dumping my position due to no return. Just a suggestion…you may even want to consider CDP on compound? You can lock ETH mint some Dai on “oasis.save” and put it all on the open market with compound…It will increase your returns Try “app.compound.finance” as I’m receiving a ROI of 4.5 - 4.75% here. 
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Good observation CSquared!..I certainly understand your pain…consider this, I’ve also traded on the equities markets for years now where through brokerages it costs me $20 fees for entering and $20 for exiting a position…try $39 for entry/exit on options contracts (high risk/higher reward)…these markets have been around for hundreds of years and yet their fees are still so high…but you want to grow wealth and it’s the only way to do so (gatekeepers)…BTW…I’ve kept my eye on the prize of profit making/taking and made some really good profits that eroded those fees into insignificance. Of course, today we have other brokerages competing by offering low or no fees like robinhood, but security sometimes is forfeited as a result. (Robinhood hack funds redirected) At least this system we are engaging has greater security than CeFi.
Rest assured that as we participate, this very act is building out this system (utility is what brings value = use case) Once the infrastructure is built out, (Ethereum 2.0) the fees are sure to reduce…ATM it’s so important to still be involved in the cost of building out this infrastructure so be encouraged brother we are all paying a slightly higher price ATM…Consider your options…it’s a much higher price to let this disruptor fail and return to a system that is already in the throws of an inevitable full collapse.
Finally, once this bull run gets underway, and it will!!! It isn’t far away now, you’ll have more than enough to cover these costs with the expansion of your holdings accelerating into profit!
I did the whole route with the OSR deposit with all those costs along the way. The vault, the ETH collateral, the borrowing and the depositing into the OSR account so I hear you…but you know what…I learnt how I can now take control of my own finances, that there is other ways to grow wealth and this system is making that possible.
Recommend: TRY - “app.compound.finance” I put $37 bucks down towards supplying liquidity, just to try out the tech and rec’d a 4-5% fluctuating rate…2hrs and I made $1 profit…think I’m going to add some more Dai to this holding!!! 
Peace…
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Good point Zar!..Consider that markets exist souly to allow proper fair price determination through competition. No marked prices like in the shops, just “asks” and “bids.” Sometimes in other markets with the same asset the fair price might be slightly or even greatly disparate…some market players scan the markets and watch for these opportunities to use arbitrage to skim some profit (buying and selling)…no doubt some work is involved so no free lunch…no unfair advantage because all market participants have this same playing field…fair price determination through competition…[quote=“amadeobrands, post:1, topic:11866, full:true”]
Now it is time to find your own comfort zone and dive deeper into the DeFi ecosystem and explore its possibilities. Start looking for cool arbitrage opportunities or see what new DeFi building block you want to build?
Let’s keep discussing all interesting DeFi projects in the forum and let’s see how we as a whole can strengthen this new paralel financial system that we are creating.
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It’s a bit fun to supply some eth for a small interest e.g. compound), then supply another asset paying more than eth (e.g. dai), and take out a loan based on those two assets at a rate that is less than what I’m earning (e.g. more eth) and then taking that loan to stake a cheap asset that pays a good interest and that I’m comfortable holding (e.g. ampl). Haven’t done the last part yet, and need to read up on ampleforth a bit more, but looks promising.
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Once again Amandeo I have really enjoyed the content delivery! Thank you so much!!! The potential for this markets exponential growth is astounding! Hey, even the big end of town, of late, is trying desperately to get a piece of this action, or should I say $$$$.
Being my first exposure to the DeFi landscape I must say I’m impressed!!! There’s so much going on under the hood…opensource brings together the worlds greatest minds to participate in building a better future for all…it just keeps getting better and better!!! The thing that strikes me most is that it evens the playing field for the average person to now have tools to gain a competitive advantage to take control of their own finances, grow wealth and enjoy a better life.
Finally, I hope to one day be able to build a DeFi system, that stacks different DeFi asset combinations, as part of a permanent base, operating like a trust fund, producing a positive cashflow, to benefit a community. I wish to build and incorporate these type systems for struggling churches who help and serve their communities tirelessly by providing, food, warmth, shelter, support, education and counsel. I envision a fairer system of provision so that such work could be conducted easily and effortlessly.
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should we all be looking into ankr help the small guys start off not left behind!
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