Keep learning in the DeFi space

Hey @PapatoniC Thanks, I’m trying to experience the HNY. Now I already bridge some DAI to XDAI, but then how can I transfer these XDAI to Metamask? Or other wallet that can connect HNY is able to hold XDAI?

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https://about.1hive.org/faq

The xDai blockchain is a sidechain of the Ethereum blockchain. It has the same properties as Ethereum, but uses a different method to make sure transactions are valid and consistent across all nodes in the distributed network.

Currently, known organizations (called validators) transmit and verify blocks every 5 seconds.

This means transactions can be completed quickly and fees for transactions can be minimized. In the near future, xDai will transition to public staking where community members can also be nodes.

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check this out: https://medium.com/@whitecolidon/honey-token-how-to-buy-it-c48802e2e881

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Hey Amadeo!
Thanks for your Defi 101 course. Its all new for me and you’ve introduced DeFi well.
I’ve been looking at setting up a DSR on Oasis, its all straight forward but the rate is at 0%.
Is this normal?
Cheers

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If anyone wants to know about Yfdai.
https://www.yfdai.finance

Looking at the data it states you transferred in funds and then it transferd out again :frowning:
Best to check your address on ETH scan and see when this happened?

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Awsome man :smiley:
Be sure to check: https://www.blocknative.com/

Front running wales is fun haha

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Would watch out with that … not sure why Ivan thinks it is good?

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Will go back to normal.
You will see what happend in DeFi 201 :open_mouth:

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Thanks for the course Amadeo, I look forward to DeFi 201 and DeFi programming but I am in no rush. There is a lot to take in. It seems to me that there is an opportunity in the payments sector. I think that my ultimate project would be providing instant payments platform that enables business owners to receive payments directly to their bank accounts or into crypto wallets if they please. Not all businesses want to receive crypto yet but there are people that would pay with it. I think enabling such payments would have a snowball effect.

Thanks for the course @amadeobrands, It was really nice to see the whole function of Maker DAO and learned how to borrow and lending DAI in Oasis, which was new for me. I knew that it was possible to do but I didn´t know-how.
NFTs are coming, it would be nice to get an NFT for borrowing or lending DAI. Maybe you could create an NFT depending on the amount that you are putting as collateral. Just an idea.

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Enjoyed the course. Thank you gor making exciting content.
Hope to see you Amadeo in 2nd DeFi course with new YF, and Aave protocols usage with you depth analysis on the subject.
:slightly_smiling_face:

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Hello :smile:

I have learned a lot from this DeFi course. Thank you so much Mr. @amadeobrands for being so articulate and for sharing what you know about DeFi; also great interview with Mr. Zhuang. Truly an enlightening perspective between DeFi and CeFi. Apart from efficiency, friendly UI is what we look forward to in the DeFi so people can adapt easily~ :crossed_fingers:

Happy building! :houses: :building_construction: :classical_building:

Hello
Thank you so much.

I just realised that every Central Bank Digital Currency (CBDC) in the world is a potential market for the Defi protocols being developed today and it blew my mind :exploding_head:

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Awsome.
Yea space is moving so fast would almost say also a DeFi 301 is needed lol

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Really great course amadeo i only had some problems with the dai stuff because i only had some problems with trying maker dao because they got liquidated or something i read that because the eth price dropt everyone in the contract got liquidated. If somebody could give me a little bit of a clearer explanation about that it would be very usefull. For the rest this course has really helped to get a good knowlege about defi and how stable coins work, i also really like the ampleforth projects it’s something almost out of this world. This space is gonna take over the world i know that for a fact and i really like to be part of that and helping other people with it. And the thing i really want to build first is a arbitrage bot would be very nice. Have a good one.

Hi Amadeo, I have doubts about two projects that I don’t really know what to think about. One is Oasis blockchain, about the tokenization of personal data and if you want to farm they ask you for Your personal details, it seems a blockchain focused on digital identifications and the other project is Plasm, which is up for auction to enter as a polkadot chain. I see that it is going to have 100 nodes and that they are going to be store in the azure cloud. Reading About azure I see that it is centralized by Microsoft and that the US government reserves the right to access the data. So the nodes are not going to be a distributed network and will be limited to 100. What kind of essence and function do these two projects have because I don’t see it clear. Many thanks

interesting great find Dora, i shall research
Thank you

How to use DAI savings

  1. Connect to the Ethereum Kovan test network

open your metamask and select Kovan network from the dropdown list

  1. get some Kovan Ethereum (KETH)

Your can buy or sell test Ether so follow a link below an enter an address to receive some

https://faucet.kovan.network/
https://gitter.im/kovan-testnet/faucet

  1. Create a collateralized debt position (CDP)

A)Go to the (Kovan) oasis app https://oasis.app/?network=kovan

B)Select “Borrow”

C) Choose vault collateral as ETH and confirm how much you wish to borrow. Remember to leave 10-20 dollars of ETH for fees later

D) confirm the details and proceed.

------------------------------
  1. Do something with your new wealth

Compound example

A) Go to the compound website
https://app.compound.finance/

B) Choose DAI from the “Supply column” you will be prompted to authorise coumpound to use your DAI

C) Enter the amount to supply

D) Sit back and watch your money grow. It’s quite satisfying :slight_smile:

oops thats meant for last question.
thank you for getting me to this point Amadeo
Amadeo WHY are simple things overlooked, as ive mentioned earlier i wish to create app regarding gaining % interest thats simple even my mum could use. Also im keen to chat regarding ARTWORKS real world and or NFTs and how i can add de-fi arbitrage opportunity

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