Thanks so much Amadeo for the course 
. It was very interesting. So far Iāve been interacting with many of the defi protocols like; compound, Instadapp, Maker, yearn finance, balancer, Aave, Uniswap, and Akropolis Delphy. But what frustrated me was the eth gas fee, I Paid a lot more in gas then the profit I made when I pool out my liquidity.
I just hope that there will be a solution for this high gas, it is really a problem and many people can not interact with defi space because of it.
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This course is pretty dense, but Iām learning a lot here! Thanks Amadeos for providing your time and strategies!
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I would like to know if anyone is familiar with a Defi application that is able to provide home mortgages. Currently the banks make a significant if not most of their money from this sector of lending. I would love to see something that allows you to put up your crypto assets for home loan approval and the home and crypto used as collateral for the loan. Iāve heard that Aave has done this for some Bitcoin millionaires; is that true or possible. Any feedback would be appreciated.
sounds the ideal goal of DeFi to provide us whith a basic income, bcs Iām no trader and wonāt be, neither a developper, but I have other skills, like facing this ideal and believing that is posible if we create a frictionless environment and we are strong all together sharing and working for it, why not?
So I am trying to put aside every month, plus savings, for achieving this, any LP protocol seem ideal but slow to achieve the ideal goal of financial freedom.
Awesome that we can share how to as free thinkers.
As far as I understand everything is posible, itās just a matter of faith and becoming stronger all together, thatās why DeFi makes me dreaming more than bitcoin, where big whales will just jump onto the space and nothing will change for average people like most of us here.
Maybe this will be the life change opportunity we can build. I looked at certain protocols that presented this ideal and seemed to failed bcs of this naĆÆve goal, but I think a lot of people are here for bringing this ideal comes true, and we will succeed inevitably, those first attempts are helping us to improve.
Maybe as I donāt have a technical mindset, people like me can have a role in the game anyway,
what dislikes me is that defi will only replicate the tradfi space, so what itās the point?,
we need to work for an ideal, that is the point, I donāt know how, donāt know when, so maybe this is like building cathedrals, maybe we will not see the result ourselves, but that is the direction that I want to give some of my energy.
Letās not replicate a bank nightmare.
thanks everybody and thanks amadeo to bring the light.
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Amazing course Amadeo, I really enjoyed experimenting with the Kovan Testnet
[ This is a Kovan Testnet transaction only ]
Transaction Hash:
0x6c9d57ffec8817ec78a8fcac0d2787b3b7e022994756c9cb45c2f949b1ccdfb0
Status:
Success
Block:
23170610 8 Block Confirmations
Timestamp:
52 secs ago (Jan-27-2021 01:04:28 AM +UTC)
From:
0x9ddfc8c2714752b535a8f85100e232f1be63726c
To:
Contract 0x41b5844f4680a8c38fbb695b7f9cfd1f64474a72
Tokens Transferred:
-
From 0x41b5844f4680a8c38fbb695b7f9cfd1f64474a72 To 0x9ddfc8c2714752b535a8f85100e232f1be63726c For 45.94644977
Compound ETH (cETH)
Value:
1 . 005 Ether ($0.00)
Transaction Fee:
0 . 0006694155 Ether ($0.000000)
Gas Price:
0 . 0000000045 Ether (4 . 5 Gwei)
Gas Limit:
192,020
Gas Used by Transaction:
148,759 (77.47%)
Nonce Position
0 4
Are you already working on this?
I would also love to see the mortgage business go DeFI. Looking up the history of most big banks, you can find that they were terrible to their customersāWells Fargoās recent scandal comes to mind. So using tech and collective action to get rid of the banksāor at least the criminal/criminally inefficient banksāwould be great for society. However, as DeFi is in its infancy, I think the interest rates are really high while the loan amounts are really low when compared to what the banks currently offer.
Yearn.Finance is an interesting project that is not in the document. Seems like they aggregate all the interest farming protocols to help users find the best DeFi lending platform.
Ha, good to see that Iām not the only one. Pretty dense indeed, but a real eye-opener!
I enjoyed the course very much. Thank you!
Thanks for your amazing motes/mind-map!
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I had no idea there were so many companies using blockchain now. The possibilities are endless. Itās so democratic that I canāt help looking into my crystal ball and predicting that one day we will skip all this noise with money and just freely exchange based on other parameters. No money will change hands ever again.
I am going through the links on the Excel sheet that you gave us, and I am particularly fascinated by RealT and how real estate opportunities could expand for people.
I am also hatching some ideas about how to incentivize artists in a public forum backed by token exchangeā¦ I need to learn more, but I have faith that as my knowledge base grows, so will my ideas.
Thank you for this amazing course i learned alot and i cant wait to learn more
Yes, it is true that overcollateralization makes the loan not really worth it at this time; but, my hopes are that we figure out a way to incorporate personal identity and credit scores into the defi space so that overcollateralization is not the only method of receiving a loan. I think it really has to figure out a way to incorporate this if we want to expand into the normie market otherwise we will be stuck with the same people in crypto. I wonder how large the demand for overcollateralized loans actually is considering crypto is a pretty liquid asset and can be sold for 100% what its worth and potentially bought back at a cheaper price later on.
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I heard Cardano is going to start activity in Africa this year. Thereās a lot of places on the continent that donāt have stable currencies or banking systems. And if you look at telecommunications, theyāve used the leapfrog method of skipping generations of techāwent from limited telephone pole infrastructure straight to 4G cellphones. So Iām hoping DeFi can prove itself this year and gain mass adoption in the next few years. I agree with you that it would be great to have a chain-enabled credit report. However, it seems like that would require integration of centralized data systems into the chainā¦ so that sounds like a difficult process.
Yes, it would be a difficult process for sure; but, at some point I think that everything needs to be decentralized. I own a business in Vancouver Canada and some representative from Google called me last week telling me that I had to pay $99.95 to be found on Googles organic search engine from now on. I was so pissed off I hung up on them. They offer their services for free, once they achieve a monopoly they start charging for everything. The next thing you know youāll have to pay to use the search engine.
Additionally, this Gamestop/Robinhood fiasco or even this banning of people, whether you approve of them or not, from FB and twitter. It seems clear to me that everything needs to be decentralized from search engines, social media platforms, financial trading platforms to credit scores and home mortgages with governance groups that have to vote on the type of decisions individual CEOās or regular bankers currently do.
Centralization is just going to give us more of the same blatant, in your face, unfairness. With everything on the blockchain, you wont just get the most popular information; but, accurate, proven data on the blockchain. 30 years from now I would hope that we can get there bc what we have doesnāt work for most of us. I donāt think we necessarily have to be integrated with centralized data systems, we could just use their data to start the blockchain and submit new data with our own forms or smart contracts.
I agree with you!
Look at your last lineā¦ if we āuse their data,ā how r we going to take trusted info from centralized systems to the chain without some sort of data/identity verification process. Guess we need a decentralized credit bureau. I got fuā¬|<ed during the 2017 Experian data breach. Identity theft is probably a bigger bummer than that lame Google marketing call you received 
This course is amazing! I might need to watch it all over again since my background is not in Finances. I am a musician that got involved in crypto 4 years ago. My goal is to learn as much as I could. I am from Caracas, Venezuela and I am putting together a project with a couple of friends in order to help my people to invest in crypto without relying in banks and govermment institutions. . I am convince that DEFI is the solution for our political, social economic problems. However, it is so hard for people in Venezuela to have access to crypto. Only the rich people, with banks accounts in the US or Europe are able to do that. Thank you so much for empower me with all your knowledge.
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Sorry to hear that brother. I just read the article about the Experian hack; its unbelievable the way they tried to cover up the size of the hack, 24 million people and then act like it was no big deal. āNo information was taken that wasnāt able to be accessed during the regular course of doing business.ā Yeah, except the information is in the hands of criminals, not the regular business professionals that pay to use your service. Duh!
In a short while we will build the programs; but, it will still take a long while to get our data away from these centralized markets. The data market is more lucrative than the oil market ; so, who really knows what they are doing with it. What courses are you taking here, are you a developer?
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thanks for the lecture.
I will keep learning, and keep in touch