Keep learning in the DeFi space

Thank you all so much for doing the DeFi 101 course I am so overwhelmed with work at the moment :smiley: But working on some DeFi 101 updates.

Please stay posted.

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HI Amadeo,
Looking forward to the updates. :slight_smile: Is that new videos, like new content, or updates to existing?
Andreas

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Im wondering how lp tokens can play a bigger role in defi. We have farming of course and now naked single side lp with dapps like DODO, have streaming payments with MFT. haven’t put it all together yet but something is there.

Thank you for the interesting course Amadeo! I found I was most fascinated with DeFi insurance as I felt like insuring your financial assets on a decentralized platform is merely a stepping stone into more types of DeFi insurances DApps. It makes me excited to see where blockchain technology will take us next in terms of the DeFi sector.

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I can only imagine the updates that are in store! WOW so much has changed :joy:

Looking forward!

blessings…

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Thank you as well :slight_smile:
Yes, much more to come … take a look at CrescoFin :wink:

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had trouble connecting metamask had same error where url param does not match.

I really appreciate the course and the level of detail…I will surelly revist this once i get started with coding and see far more technical detail…Like i said before i have put money in Cake and the Goose liquidity pool…Now I am looking forward to bake.

Gracias!

I would like to see staking and borrowing DeFi attached to more tangible real-life purchases such as borrowing to purchase a car.

Please supply directions on how to use the test environment to complete these assignments. I would definitely use it beyond this course to expand my knowledge of the DeFi and its growing adaptations to other protocols.

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One of the best test environment for DeFi is the aave faucet. (Kovan Network)

https://testnet.aave.com/faucet

You have to select the aave market for kovan (the one with the K icon in the corner)
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You can ask free tokens for the asset you want to test, then you can go into the market and play around with the lending and borrowing tools that they offer.

Carlos Z

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The DeFi space is truly amazing and only continues to grow.

As a user of Curve.fi I received a CVX token airdrop. I would like to mention that this may still be available for other user of Curve.fi
In addition as a holder of veCRV, which you receive for staking your CRV to boost your returns, you are also able to receive an airdrop of EPS tokens on the Binance Smart Chain. This airdrop will continue for a year and we are only 9 weeks in. A small amount is airdropped every week, on Thursday.

I find it very interesting how collaborative the space can be and there is still room for more. I believe in a multichain, cross-chain future that is very seamless to transfer and exchange tokens with and with very easy to use GUIs.

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Hi Amadeo,
I’m watching the MakerDAO protocol deep dive right now and in that video you are converting DAI to CHAI. And you are setting up an interest bearing account. Is that what ā€œstakingā€ means? You started at Oasis, locked up Ethereum and converted it to DAI. So, are you staking ETH as well? I’m just a bit confused by all the moving parts :slight_smile:
Thanks, and love the course!
DC Cook

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Basically the steps for oasis vault are those:

  • Open a vault by staking some ETH
  • Then you borrow DAI based on your CDP.

Your ETH will stay locked on the contract as long as you want, and you can borrow DAI based on your CDP. You are always free to withdraw your ETH from the vault, but you should pay your debt first (borrowed DAI), also i advice to research very well what is the vault about, the risk it have to borrow a huge amount of DAI can compromise your ETH.

So be careful :nerd_face:

Carlos Z

I really like the Ramp DeFi protocol. Can dual farm or single asset stake. They allow you to mint rUSD for liquidity and i have then arbitrage that buy purchasing cake and using the auto compound staking pool on pancake swap. This is a relatively low position to mitigate some risk.

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thank you Mr. Amadeo , my project is to link DEFI with the Islamic fintech since its one of the fastest growing businesses , once I finish my plan and roadmap , I would love to share it with you guys here!

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I’ve become more enamored with the BSC recently due to less prohibitive fees and have become quite interested in a project Blizzard.Money, which is a yield farming/ optimizer, but has some cool features that distinguish it a bit from the crowd, it is positioning itself to be a bear market resistant yield farm with their Snowbank. They do this by having a secondary token Gale which is minted on a linear bonding curve with a rising price floor, a percent is burnt with each sale, this gale token is paired with IbBnb as a reward for snowbank stakers at pretty competitive rates and offers good prospects for more long term holders, rather than degenerates.

They recently announced partnerships with Mammoth gaming (formerly YTHO) and have released a governance token, which basically acts like shares of the casino being created.

The native token XBLZD will be used in the casino and burnt during use, it is also used to stake in blizzard pools which can be a single asset or LP (the first platform to offer LP rewards, which feature 0 Impermanent loss for the staker)

Anyway, I hope do not come across as a shill. I just wanted to share what I am doing and feel like getting a chance to write it down is a way for me to review what I have learnt…or think I have learnt.

Defi on BSC has been really volatile, lots of rug pulls, so many flash loan exploits due to the abundance of copy/pasted code coming over from Ethereum lending platforms and platform creators not closing these vectors of attack.

Hope you are all staying safe and having fun out there.

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This is all so exciting… I am a singer and a voice over actor, but relatively new to blockchain, especially defi… However, putting nfts and defi together seems like something really, really interesting…

I agree 100%.
Regular quizzes and assignments are an important part of making a course great.

I use Defi daily and I feel like I knew most of what was covered so at times I think I expected what was coming up and was ā€˜absent minded’ in certain bits.
I imagine quite a few people in the course would be in a similar situation.

Some challenging questions would perhaps make me sit up straight and pay more attention to the details.
Other than that, love your work Amadeo! You’re a great teacher and I very much look forward to Defi 201 where we hopefully tackle some more rigorous topics!

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I’ve tried my first live approach at building blocks. I’ve deposited stablecoins on AAVE, and then borrowed Tether, which I then deposited on Curve for even better yield.

Hi!

I’m having a bit of trouble understanding how the collateral liquidation works.

According to this screenshot from the Aave platform, if a collateral has a liquidation ratio of 80% , the loan will be liquidated when the debt values is worth 80%.

Does ā€˜the loan will be liquidated’ mean that the full amount of the collateral will be liquidated?

For example, if the collateral is 1 eth, will the all 1 eth be liquidated, or just partially?

Thanks!

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