I used the testnet and play around with both maker and compound. The UI’s are pretty easy to use but I could see how some people would not understand it. I am not really sure how maker can make this easier for the average joe but that is one thing they could try to do. I did not use maker or compound in real life because the eth fees are just too high. One thing i was thinking maker dai could do is make a savings account where you can lock up for a certain amount of time and cannot withdraw until it is over and make this it a bigger interest rate. That way you can have your flexible savings that you can take out at any time or have them locked and unavailable for a certain time to earn better interest.
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Hello Armadeo Brands. This is what I did. I bought Eth and transferred it to my Metamask account.Then I went to the Compound gui and bought some Dai. Then I enabled the token to use as collateral, staked my Dai and got cdai in return. I am now earning passive income, but just as important, I have learned to maneuver around the Compound gui, etherscan and actually view the smart contract. I haven’t written to a smart contract yet, but just being able to decipher what I am looking at and all this data is satisfying to me. I am now venturing into Uniswap and 1inch exchange as well as Kyber network. All this stuff is fascinating and I can now follow along and understand what the heck Ivan means when he is discussing issues on Good morning crypto. I still have a tremendous way to go so I keep pushing.
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Amazing man we all have still a long way to go 
Here be sure to follow the Bankless blog it gives amazing knowlage.
Try to setup some GAS price alarms: https://www.youtube.com/watch?v=ZQnVPUmZkc4
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Got it, will do. Thanks!
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I am curious about your progress. I just got to the same place and feel similarly.
Did you get a handle on it and enter the space?
How are you progressing?
Maybe we can help one another,
Omar Wright
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Yeah I was playing around with compound and chai but did not make any contract, eth fees are just to high. I like your idea of having a savings account with bigger interest rate and longer lock up time. If anybody finds it, lets us know.
Regards
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Crypto.com has crypto earn that a flexible term which is the lowest dividends, 1 month a little higher, and 3 month a little higher. Then the rates are even higher with 500 mco staked. I would like to see a year or 5 years.
P.s. Crypto.com only let’s you stake from a certain amount like 1 eth, or 1000 cro. They should change that.
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Finally getting more comfortable with defi.
Had to re listen to the videos and read more carefully the linked info to succeed in getting my feet wet.
Feels great to have strted to understand the workings.
Thanks Amadeo and Ivan,for the lessons.
Appreciate the all work you put in it …
Looking forward to moving on now to next lessons.
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Set up my metamask, deposited some eth.
Then wanted to try uniswap to trade tokens .
Freaked out when after the trade was done my traded coins did not appear right away.
then on metamask, the transaction and fees were there but not the name of the coin.
After going back to your videos, I went to etherscan, the token contract, copied it and pasted in the ad a token area and MAGIC, there it was.
Now using it more.
Next I will explore compound and DAI uses.
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Hi Ayin70,
I decided to just proceed with the next lessons & courses instead of getting stuck, while I learn a bit more along the way as I continue to listen to other webinars / YouTube videos in this subject.
Good luck finding your way too,
Gemstar
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Has anyone else tried to use Oasis for borrowing and then got to a point that says “Vault Setup and Management” and been asked to pay $21.57 in gas to complete this step. Am I doing something wrong here? @amadeobrands
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It is becoming a wale game this is dangerous …
Yes it is normal but the value you can get with lets say 10K+ is huge so big boys pants on and move forward.
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That’s for getting back to me so quickly @amadeobrands . Can I just check one other thing with you?
In your video you borrowed Dai at a rate of 8% and saved it at a rate of 8% also. That doesn’t make sense. I take it you would usually borrow from a dapp with a low borrow rate and save the Dai in a dapp with a high savings rate to justify it?
I notice currently on Oasis you can borrow Dai and the stability rate is 0% does that happen often?
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Thank you and good luck to you too,
Omar
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Hello there,
I used the Kovan test network (https://faucet.kovan.network/) to sent the daily use KETH to my Metamask. On next step I want my Kovan Test network wallet connect to Oasis/borrow.app, system says that my Kovan address has no Vaults. What part I missing out to be able with my KETH to borrow from Oasis/borrow.app some DAI. Is any one could show me the light at the end of my tunnel!! 
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All the hundreds of financial protocols, other than MakerDAO, now built on the Ethereum Platform are truly overwhelming to my newbie mind. How are the mainstream earners and investors ever going to figure this out??
What the centralized banking system developed over centuries is being created in a matter of months in the DeFi space.
I worry however, that we are building a house of cards that may collapse if the foundation platform fails. What a disaster for the whole crypto space should that happen…
I sure hope that all you smart guys know what you’re doing!!!
I have so much to learn, thanks for showing me the way.
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Imagine having gas transactions like this gem I had to deal with earlier today…
I’m assuming there’s no way to reverse this…
This was done with Metamask btw.
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A couple things have come to my mind while taking this section of the course:
a. What happens when the dollar (inevitably) collapses? And prior to this event, could there be anything done to adjust for future inflation.
b. What circumstance would actually motivate the community to collectively burn 50k MKR and shut the DAO down?
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I could see that included into the savings account that you could make a smart contract to make automatic payments on loans you have previously made when you account reaches a certain threshold.
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