Keep learning in the DeFi space

Hi there,
I just started DeFi 101, so I am not familiar with all details…

As I am also looking for critical statements, I came across this overview, which basically says that
100 Token Owners own > 80% of the Top 10 DeFi tokens.

Actually, that is pretty scary,no?

What is your opinion on this? Would love to hear from the community and @amadeobrands

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@amadeobrands Thank you for this excellent course. I think I need to watch it again from the beginning to really grasp it. Everything is so new to me!

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i was looking and saw thorchain pumped 4128 % in 1 year
market cap of 142 mill trading v 10 mill yet
“Not only does it connect buyers and sellers across blockchains; it can also be staked for passive income. Its first use-case is with Binance Chain,”
it stands at .76cents …it is a new coin (2019) and looks like it might continue
focus looks like anonymity of participants nodes do not communicate and
THORChain facilitates cross-chain liquidity pools with no pegged or wrapped tokens.
the curious thing is has little to no social population last 2 month 1 tweet every few days
i honestly do not know why it pumped so high …be curious if anyone has an idea thanks

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Yea these webs of borrow lend etc are interesting for sure but remmber …
Every %Gain gives you a risk.

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That is in weird metric out of my personal research this is not the case take for example MKR: https://etherscan.io/token/tokenholderchart/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
You can see here what he is saying is not correct would like to understand where he get’s his data from?

Thank you keep up the good work

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Seems like a pump chain …
Please think for your self why would you ever need it>?

For ETH I do understand why you meigt need it since you want to buy someting and transact etc

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I think it would be cool at have a smart contract, using an oracle that monitors the price differences between markets so the investor could make all the right moves because in the end this would create more successful transaction and profits that would in turn be added to the liquidity pool in the end. This would help build the foundations of all DEFI projects and weed out the bad ones.

I am not sure if this has been done in the DEFI space as of yet but I think a smart contract that was set up to monitor your collateral percentage, (kinda like a stop loss.) Basically, have an oracle, monitor the price of ETH, (you enter the point that if your ETH price gets down to where you’re like 155% collateral it would 1, buy more ETH or 2 sell your position in DAI back to ETH.) so people can protect themselves from the volatility of this market till it matures, which would give the people more money to collateralize with in the long run and again building DEFI to a power house like no other in the end.

Another idea I was thinking about, (if it’s not already in use or in the works) was to get involved with refinancing of real assets, (like you home.) Lets say that I own a home valued at 100,000.00 USD and only owe about 60% to 70% or below on your loan in comparison with your homes value, (Obviously your interest rate with the Bank is probably much lower) but, what if you could take the remaining collateral not wrapped up in the loan and put the remaining collateral in the liquidity pool and were able to collect interest on it which would be enough to pay the higher interest on your Crypto backed refinance and/or also be able to apply the remaining interest to the loan pmts./principle pmts. or reinvest in the pool to generate more in interest pmts. coming out. IDK, this one would need a lot of thought put into it but with math anything is possible. :wink:

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Thank you for the course. I like the concept of Lego that you have used to get to the main principle of DeFi concept.

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Hi Amadeo,

Thanks again. I’m looking forward to seeing the power of interoperability in DeFi and obviously even more abstraction layers for easier adoption. One-stop-shop? More user attractive/friendly?

About the hands-on assignment. Pass! Sorry! No time for ‘wasting’ ETH or adding stress :joy:

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Awesome course Amadeo! I can’t wait to tryout the DeFi applications. :grinning:

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is there any helpful links you know of involving ANKR…i have bought ankr and downloaded the platform etc…any links to video guides etc would be much appreciated …

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Hi there :smiley: I did some research and it is really mind blowing how many fantastic projects exist in Defi ecosystem! I examined DeFi Ecosystem overview given in lecture, and I think it will be nice to add some aggregators :money_mouth_face: it could be especially useful for beginners to have an insight and compare different prices of the same coin on different platforms. I find https://dex.ag/. and it looks good. Currently, 9 DEXes are supported by DEX.AG:

  • 0x v3
  • Bancor
  • Curve
  • Kyber
  • Oasis
  • Uniswap
  • Synthetix
  • Compound
  • Chai
    This can be interesting for arbitrage strategies perhaps…

Also, what I find interesting and may be useful https://ethgasstation.info/ here you can calculate ETH gas fee and learn more about ETH network. Hope this will be helpful for someone :upside_down_face:

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Continuous learning! Possibly one of the commonalities I find among those who gravitate towards this space. It’s nice. Almost like perceived parameters are challenges to rise to. Replicating what exists on the blockchain doesn’t seem a huge ask. I just hope we never stop striving to make things better and for good :sunglasses:

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Amadeo, thank you so much! You explained it very well, I learned a lot! I could really appreciate all the ‘real-world’ examples and using the actual protocols and websites to show the works. Looking forward to DeFi 201! Groetjes uit Nederland!

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Hola amigo im trying apply DeFi to real-estate industry in some way or another :thinking:

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VERY AWESOME CONTENT.
Lead me into very deep thinking about our current " traditional" finance and investment sector and how revolutionary this blockchain DeFI is. Its potential is enormous to say the least.
Sector such as REITS can actually be tokenized and minted and sold as an investment for yield to any investor.
The vast insurance industry too can be tokenized and tailor suit to the individual needs and risks.
etc…

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The defi ecosystem might be adding new opportunities in some market segments and new implementation for other existing business cases.
For me, I have to investigate further to figure out where to continue. For instance:

  • How different instruments can be implemented with the existing tokens and token types.
  • How to swap interest variable/fixed rates and risks between different loan tokens.
  • The loan tokens maybe should be STO kind as they are referenced in some legislation, which is required for some financial institutions bound by existing contracts in order to adopt. Maybe I am not up to date and the ERC20 kind is already accepted in some cases.
  • Issuance of bonds with auction and secondary markets with STO kind of tokens, for instance Polychain by Polymath.
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So excited for DeFi 201, so much to learn. Let’s go!!

Akropolis is very interesting…

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