These guys are working on that it seems…https://coinzoom.com/cards/
I have a U.S. card and International they say will ship “soon” 
You can spend whatever crypto balance or Fiat you choose in the app.
My question is: Can someone do this very thing on DeFi?
Thank you so much, and great interview! I have DeFi 201 coming up in my course plan later so I will see you then (if you’re the instructor for that course)!
Hi @JonBal
The saving rate at MKR CDP is 0% at the moment this is per design and will change when needed.
If you wich to have fixed interest rate set for 1 year and access when needed please check: https://88mph.app/deposits
(BIG BOY PANTS)
Nice DeFi 101 course, thanks Amadeo, just created some DAI by depositing ETH.
The Stability Fee continuously accrues to the generated Dai Balance of a user’s Vault.
https://community-development.makerdao.com/en/learn/vaults/
So it is a fee that you have to pay to MakerDAO when you generate DAI using a CDP. Your outstanding Dai debt will increase with time because of the Stability Fee.
Somehow I can’t pay back DAI using Oasis on the Kovan testnet (s. screenshot). Does anyone know why?
Another thing I’m wondering about is that the Stability Fee doesn’t seem to get applied to my debt. Together with the issue above, it looks to me like the thing is broken on the testnet …
Hi Amadeo,
this course was very interesting. Now I know a little deeper DeFi and want to continue with the next course.
Curve app is very interesting for investing with stable coins. Sorry that you can not use Test Network with curve.
One good aggregator that I have found is app.defiscore.io, here you compare the best DeFi platforms.
Thanks
Basically, any opportunity in the Defi space is better than the garbage you are offered by all the banks ( which in turn can’t even save your money from inflation)
The main concern is of course the risk you’re taking. Say you land your money on Maker for 8% APY for 10 years. What is the chance of you losing your funds through some kind of code malfunction, hacks, system shutdowns within that period of time?
Thank you for this course;.I really find interesting Defi : it allows to borrow, without selling our assets that can earn value in the future.
But a simple question to be sure. In the case of compound for example : if I want 1000 USDT, and have 2ETH at 520 USD each, I have to put these 2 ETH in colateral to get my 1000 USDT. When I give back my 1000 USDT, I get back my 2 ETH but at which value ? the market value? Which means that if ETH becomes 1000 USD, I will get back my 2 ETH at 1000 and not 520 right?
I have used DeFi for several years now, getting more comfortable the more I understood. When you start to understand how blockchain works and how DeFi is build on top of it. It is much easier to have trust in it. It is much easier to understand that you are in control of your assets and it actually has evolved to be a way more secure feeling for me to have assets locked in DeFi than in any bank or commission based financial product. I can also verify and access them at anytime from anywhere in the world.
From what I understand that is correct.
The current APY on this product is 0% and it will incur a cost to setup and add Dai to. You are advised not to continue until the APY is above 0%.
So I have been messing around experimenting In some of these protocols for the last week or so trying to get familiar. I am figuring it out slowly, I need a better understanding of the protocols to really feel comfortable. I went to Curve.fi and swaped some bitcoin for some wbtc and tried to mint some DIA in a maker vault but the minimum needed to generate was 500 DIA and I didn’t have that much WBTC so I stopped there…
I hear there could be some airdrops coming for using some of these protocols but I haven’t had a chance to research which ones. If any one has heard of any possibilities of air drops let me know. It could be worth exploring some new protocols and get some air drops.
Hello!
I did not understand your question, but clearly CDP is a great way to keep exposure on your collateral while getting some stablecoin to do something else. I’ve never used MakerDAO unfortunately, even after reading the whole whitepaper, as tx fees were to high for me, but I currently have some CDPs opened on Kava. Kava is new, so nothing much we can do for now with the USDX stablecoin (equivalent of DAI), except that you can stake it on the Hard Protocol with a pretty good interest rate.
Cheers
Hi @amadeobrands,
I have a question about DAI. Seeing as its pegged to the US dollar, what would happen to DAI if the US dollar crashed? Seems like QE 4 could be right around the corner. Love to hear your thoughts.
Love the course too
Oscar
I hold mostly all bitcoin so by the time I transferred a little bitcoin to WBTC and supplied it to compound I had spent all my eth in fees. In my opinion this DeFi will never take off with fees like they are now. I am sure there are ways to lower the fees but being a noob I was concentrating on other things until I realized I was out of ETH.
Aside from the fees these protocols have some very cool features that I do believe will change the world of finance.
I think that since it is a synthetic token the value is flexible. In the future if dollars are phased out the peg can be changed as long as the community agrees with the proposal.
Hey @amadeobrands I used Aave and deposited their Dai tokens and got myself a nice 12% API. Is it risky?
Every %Return comes with a risk.
But personally, I do really like AAVE since most of the deposits are insured by staked AAVE.
