The fastest way to get mass adoption is by simplicity, people like to make money, but to convince them is the real issue here. For instance, if you say to someone, you can loan on your house and that person have a house then it’s easy for him/her to do that if it’s profitable, like say take a loan on the house and then renovate to sell it for a higher price.
Not the best example, but what I mean is that you don’t need that much of marketing for making that happen because it’s easy to do and lots of people that own their own house. In DeFi, even if it’s easy for many people and they understand how it works it’s still like to complicated to understand and that’s when the interest of making money vs effort kicks in. Everyone wants to make money but with no effort or little effort. So the main focus in DeFi should be marketing for the broader audience. What I mean by that, I can try to explain it to people that’s not into blockchain and put it in an easy way that they can make money by investing in say Maker DAO etc, but the trust isn’t there due to lack of marketing. We’ve seen marketing of BTC for instance that in the end turned bad, making people call it a scam. Like taking your course, that’s a great way for learning thanks to the way you explain and make one understand, even if one is new to the cryptosphere. So in my opinion, it’s to much focus on making money rather than making it more available to more people in an easy way, and only way that’s possible is to change the way we fish in people. Take me for instance, I’ve heard about DAO and now about curve, so it’s easy for me to lock some crypto and benefit from that. But for someone that don’t believe in crypto for whatever reason, it’s hard to get them on the hook with the current tactics. My solution/idea is to make it easier to interact with the rest of the world, not creating an ecosystem that operates in the internet space only where you can make money, and then it’s a bit of a process for most to convert that to then be able to use that IRL. So like you say, it’s not mature yet but it might be if we start to build towards how people interact with everything today and not by creating wealth for us who are inserted in blockchain/DeFi/crypto. The goal is mass adoption but thanks to DeFi getting so much attention, we get further from mass adoption but instead get injection of fiat into DeFi which is great but it’s not the way of mass adoption. Thank you for the course I’ve learned a lot and I’m looking forward to continue:)
Thank you very much for showing me the different opportunities DEFI ecosystem. I’ve learned a lot and I am no longer afraid of testing and taking advantage of earning interest in the various DAAPs.
Since I have to wait if I indeed will use more ETH to mint the minimum 100 Dai in order to park them in Compound, Chai or Oasis, I paged back and saw the other options for tokens to use as collateral and saw some have less of a liquidity ratio, such as PAXUSD-A with liquidity ratio of only 101.00% - a little easier to maintain. I did see that requires building a vault specific to the token to be used as collateral which makes sense.
As to the possible marketing opportunities and block projects, it may be smart to find ways to invest in high-quality food production and 3-D housing, and heavy machinery along with education institutions aimed at practical skills for building in harmony with eco-systems, maybe this could be done in tandem with NFT’s.
I am getting ready to buy a home with a traditional loan… I would love to figure out a way to collateralize/tokenize a appraised house deed by locking up the deed in a smart contract, use crypto as a down payment, say as DAI, and then have automatic payments made via a smart contract. Just like a traditional mortgage. If default, who would sell the house? People who hold Maker? Problems arise when using tangible hard assets, house car boat, but would be groundbreaking if some one could figure that one out. For now I like Uniswap and some centralized exchanges, getting harder to do in the USA, then declaring taxes with variable interest is also another factor to consider in the Defi space. Us regulators can’t control it, but want their piece of the pie…
Hello @Eva, hope you are great!
Are you sure you have selected the proper network in metamask to connect to the kovan app of oasis?
If you have any more questions, please let us know so we can help you! 
Carlos Z.
Hi Carlos,
Hope all is well with you too. 
I’m sure I did not take this important step!
So, you use Ropsten to connect MetaMask, then Kovan to connect Oasis.
I think I’ve got it!
Thanks!
Eva
Unfortunatelly, by the time of this post the APY for DAI on Oasis sits only on 2.8%.
IT MAKES NO SENSE
I don’t understand why there are lending platforms because when people ask for a loan, they receive less than what they leave as collateral, the reason for existing and to be liquidated and to be without what they left as collateral.
it was much easier and cheaper to buy DAI with euros or dollars and with those DAI do what they want to do without the risk of being liquidated, basically the ethereum serves to keep our bitcoins and DAI to keep our ETH lol
good business model for intermediary who were eliminated from distribution chains lol
in defi I only see 2 or 3 interesting coins the rest is garbage and borrowing is for suckers.
That is why there are so many projects that are very profitable for those who make them, whenever someone wins someone loses … nice but the loans do not solve the problems of the world I see no use but profit at the expense of the unfortunate people who use loans.
This is blowing my mind 
. I am playing around with Kovan network and its awesome to explore how the protocol works. I wanted to ask why does Maker only have Eth & Bat at collateral, why not other ERC20 tokens? Also in compound, do you think that APYs for newer tokens like say UNI will remain higher, or all these infrastructure project will eventually have a return similar to Eth?
I used kovan testnet, I borrowed DAI and play around, but I think borrowing is not for me. I find most profitable to lock my ETH than playing around with loans and the possibility to get liquidated.
I prefer to lock ETH cause I’m very confident that ETH at 400 won’t last for long, hope to see it at ATH of 1300 at least in a few months. Then you ear with the rise of the price and earn with the interest you have generated.
Still learning and researching more into DeFi.
My confusion about DeFi has been properly addressed by you @amadeobrands. Thanks for the in-depth content.
One of the cooler things in this course is the fact that you can use Etherscan to interact with the SM instead of the GUI provided by the protocol.
I didn’t know this prior to the course, but this could be interesting whenever a GUI get’s shutdowned or doesn’t work.
Very interesting course… tried to lend and borrow with maker DAO , but the interest rates are much lower now than the 8% in the course and for low amounts you pay high fees… think the defi space is getting better but not quite there yet…
Hi Amadeo,
I listened to your audio lectures several times. It is like physics lectures to me. SO much information and technical concepts. I listened to the guide on “How to open a Maker DAO CDP and earn interest on Compounp” six times. My concern is one has to learn also how to find the best interest at the time of borrowing. Thank you for the in depth lessons and your patience in teaching to beginners especially to people like me. There is so much to learn. Once, this kind of borrowing and making money becomes the norm and even before that time, many banks will shut down unless they can find ways to stay alive by going along with the trends.
I played around on the kovan test net with some of the compound and maker dao functions. I really like the idea of being able to trade, stake and yield farm with volatile assets then hop right into Dai or xDai to maintain the profit that I’ve just achieved until I see another opportunity to jump on especially if I can also accrue a juicy interest rate on top of my stable, profit infused Dai before I reinvest.
I don’t have an issues with the Compound or Maker DAO protocols/platforms, just that I don’t have more money to throw at them!
Hi!!
I must confess it’s quite interesting to see how you can so easily lock funds and borrow assets with zero bureaucracy!
I played around in kovan network for a while until I found myself “safe” enough to lock a bit of USDC I had in my mainnet wallet. Doing that from my hardwallet using metamask as a “bridge” was also very interesting.
While checking the available interest rates, I found quite discrepant values. Ratings floating from nearly 0% to more than 11% to lock USDC, for example. Would these “messy” values be related to the Harvest Finance hack that has just happened or it’s usual to find so different rates? In case it’s usual, what are the risks that could justify those rates?
Thank you all in advance for some hint on that! 
I tried to connect to the Kovan test site but my metamask wouldn’t work. I tried manually too. So…haven’t been able to try it out. However, I think I have the main idea. When I have some money I’ll definitely be giving it a go.
It’s a shame. Right now is the time to be experimenting and not investing as BTC seems to be ready to take off - or not - as the case may be and a lot of coins and tokens are falling through the floor right now.
Anybody have any ideas what I can do to fix this problem? Thanks in advance.
I NEED SOME HELP PLEASE!!!
I deposit some DAI into the yearn.finance DIA stable coin fault. I wanted to withdraw my funds but available funds shows zero. From the screenshot you will see that the total position was Transferred out. I did not give instruction to transfer funds anywhere and can not find any info on the what the meaning is of “Transferred Out”. Was this position liquidated and if so way?
I can see an interesting opportunity with arbitrage lending/borrowing:
Assume we take an aggregation of 5 different lending protocols (A,B,C,D,E)
We can supply liquidity to protocol A with ETH and borrow a different token available as liquidity to the protocol. We can then use that borrowed liquidity to supply liquidity to protocol B assuming its supply APY interest > borrowed APY accrued from protocol A. We can then rinse and repeat this process to get the lowest accruing interest on borrowed assets in comparison to the interest earned yearly.
This is however very risky business since the interest rates can depend on the supply of the tokens and demand. Additionally, market volatility can lead to liquidations, a process such as this would have to be programmed as lending/borrowing of assets must be proactively managed in relation to the current situation of the markets.
Many conditions would have to be made part of the program e.g. if the total value of a borrowed asset > borrowed limit by x%. As a result, ensuring the borrower does not get liquidated, more like a stop loss. Also you would have to keep track of all these different interest rates provided in real-time and be able to exchange to an asset that is able to provide higher profitability.
I’ve found more luck with projects like phantom and oasis than with compound; as the rates are constantly changing.