Keep learning in the DeFi space

Check the DAI giveaway that we are doing :slight_smile:
We are going away $500 DAI to developers there is deloper task with some code build already.

Dai giveaway assignment

I am not able to connect metamask through oasis. Getting the alert “Error: browser ethereum provider and URL network param do not match”

What is the mistake I am making?

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i see your creations on a lot of toshi comments haha great stuff. Love the visualizations, see some nice ideas brewing in the mindmap. Take us to the moon :rocket: :rocket:

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Let me know if you can find any courses on this topic. I am interested as well

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I have some ideas will be sharing them shortly just work out some templates and make decisions on how to move on forward. Loved the course. I read some scepticism from others but in my view in esscence DeFi is a lot of crypto encompassed in 1. If you were convinced with bitcoin than DeFi is basically bitcoin jacked up on steroids, driving a monstertruck while driving over the traditional financial system (CeFi) :rocket:. You can tell something is very powerful when powers that be are trying to ban it. Why? because they cannot own it themselves.

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Hello !

I’m having a thought on arbitrage : Does an arbitrage bot exists for stablecoins ?

Something that behaves like the following : if DAI-USDT is over 1 and DAI borrowing interest rate is “good”, borrow and sell. if DAI-USDT is under 1, borrow USDT to sell em and give back DAI.

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Hehe nice :smiley:
Looking forward to your templates if you need any help DM me :face_with_monocle:

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What seems to be missing (or I have not found it yet) is a loan which is akin to a standard mortgage in England.

You borrow money and the security you provide is the property you purchase with the loan.

In the DeFi world I see this as being the following.

You provide 200% of the value of the loan in BTC.

This is placed in an address and should not be moved by the lender (so it can be verified safe)

As an example lets say 1 BTC = $10k and you want to borrow $100k for 5 years @ 5% interest PA.

You place on trust 20 BTC (so current value $200k)

Annual repayments (simplified) would be $20k capital repayment plus $5k interest (declining since capital is being repaid)

This equals $2084 payable each month (declining)

As long as you keep up the repayments the underlying asset price is immaterial and cannot be seized.

Early repayment is available with a three month interest exit charge.

Failure to pay for three months results in liquidation of the security (plus exit penalties) with the excess balance (if any) returned.

Should the price of BTC fall below $5k then the lender is facing a potential loss

The use case for this is either an individual needing funds to actually get a usual mortgage but does not have the 10%-20% deposit required or a business which needs the capital.

The borrower would either believe the BTC will accrue in value and does not want to sell at the moment or does not want to incur the capital gains that selling would incur.
They also have the security that no matter what the asset price falls to they will not be liquidated if they keep up repayments.

The lender must be happy to accept that in a worse case scenario they acquire the asset at 50% of current agreed market price.

Obviously it needs a lot more work but you get the idea I hope.

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One thing I am constantly wishing for, which I have yet to find if it exists, is a funding monitor.

Rephrased, a web app which would comb an address and display all instances where the address is currently providing liquidity to a protocol, and then provide metrics based on movement of that liquidity.

Initially, I would like to build (or see this built) for uniswap. Would decoding the public data in the Uniswap VI (UNI-VI) be enough to track this? After it was setup could it be used to integrate exchange tools (stop loss for example)?

Just brainstorming for now…

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The loan thing is like being your own bank. For example, when you deposit dollars into a bank, they give you 0.1% interest, and then they use your currency as their reserves to make loans and them money. In decentralized finance, you get the benefit of being able to use your currency as reserves in a CDP, and make the money that the banks would normally make, except for the fractional reserve part.

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Loving the course & content. Thank you

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Just finished and can’ t wait for 201 :blush:
It’s been really dense but now it’s time to practice a bit between different protocols.
Thank you very much Amadeo, I really enjoyed it

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I would like to build a DeFi platform for ecoservices (like regenerative agriculture, water, waste management, energy, etc.) that uses loans for sustainability & biodiversity projects, measures their social benefit, and rewards lenders based on the social benefit. Anyone else interested in this?

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You are trying on main network on one instance where as on test network on other.

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I have a doubt about the DAl peg mechanism in the dollar.

As I understand it, the mechanism works through supply and demand. When the DAI is traded on exchanges at a value greater than one dollar, there are mechanisms that cause the supply to increase and when the DAI has a price lower than the dollar there are mechanisms that cause the supply to decrease.

Are these mechanisms based simply on the interest rate of the protocol? The only way to guarantee the peg is through the incentive to take out a loan or repay the loan?

My question is for a reason: With the recent sharp drop in Ether prices, Maker’s protocol has not been effective enough to control the DAI peg. The black swan event proved to be a much more relevant event than the incentives offered by the CDPS, in my view. This mechanism works only if people believe that the peg will return to 1 dollar, if people believe that a further drop in Ether prices could cause another spike in the price of DAI there is no incentive to borrow from CDPs.

It was to this conclusion that I arrived and I think I may have made a mistake in interpreting the mechanisms and incentives of the CDPs. I wish someone could clarify that and would like to be proven wrong.

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Will try it that way. Thanks

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Enjoyed the course and learned a lot. :heart: x :100:

looking forward to Defi 201

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Great information to build on. I wanted to know how i can learn more about using this information in real estate unless that is in another course

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Start here:

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got it thank you for the info

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