Using the DAI savings rate - Assignment

Great work.
In DeFi 201 we are now building a flash loan arbitrage playground also on Kovan :smiley:
So stay tuned.

@amadeobrands These are my first screenshots ever! lol. I just started texting 6 months ago. This is incredible. I was so unknowledgeable with technology. This is monumentally huge for me. Thank you. I hope these screen shots show that I have completed my final assignment?

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THhe 301.387 Dai was created under “trading” They are different than the Dai created under “save” in oasis. I haven’t figured out yet why they are different . or how to change them back to eth and put them back in my wallet? Anybody have any ideas? the screen shot will not show my wallet when I change it to the screen that shows the different coins I am holding. It just shoots what you see?

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This could be used across many different platforms to accrue interest without having to add more funds . After depositing collateral you can borrow and earn more interest on a site like y.curve and continue to maximize returns using the different protocols without needing more funds .

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Hey Amadeo, I enjoyed the course! I just borrowed some DAI on Oasis and put it into Chai.money to “brew.” The interest rate on chai.money is showing a 0.0% interest rate. Is that the amount of interest I have accrued up to this point or is brewing Chai not giving any interest right now?

Thanks for your help!

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I have just set up a saving account on Oasis to try and test it out. I’ve locked in a small amount in the DSR but I am getting 0.00% saving rate. I can’t seem to workout what I did wrong as it all seemed straight forward? Anyone have any ideas? Was the amount just not large enough?

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Congratzzz :smiley: Keep up the good work and spread the word.

Do I need to send money to my metamask every time I want to interact with a Dapp or can I go direct from my Trezor. My Trezor (Etherwallet) only seems to offer DAI not a connection to Compound

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Hi Amadeo, I have minted DAi and locked it up in Compound and Oasis along watching your course ,so that is done. However need to go through all protocols myself but all Defi is fascinating.Hope DEfi 201 and Flash loans are coming soon. Thanks again.

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Great content and very helpful I can see how this technology will disrupt the banking sector. I managed to convert some ether to dai lock it in a savings account and withdraw.

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Working hard :slight_smile:

Hi @amadeobrands having issues on the https://oasis.app/save/owner/0x58ce948b89313bd62878184c6c1ff27a0e85613d?network=kovan page. Keeps hanging on the first section at “Deploy Proxy” Setting up your proxy will bundle multiple transactions into one, saving transaction time and gas costs. This only has to be done once. Or is it actually expecting me to first add real tokens to my empty wallet? Thought it was a testnet?

Hi man you need to grab some Kovan test net tokens you can get them here:
https://faucet.kovan.network/

If you still have issues with that you can always send me a DM

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Hi man…You’re a Star!

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SDC As been shutdown Makerdao.com
Saw Ammadeo’s comment on the forum :wink:

app.compound.finance
Transfer ETH Binance-metamask
Loked Eth
Used it as colateral
View transaction on etherscan
Borrow limit $6.38
Borrow DAI safe max 5.0894
viewed transaction on etherscan
Borrowed balance 5.0176 DAI
Metamask balance
0.0295 ETH
5.089 DAI
1.998 cETH

One of the links on the previous lesson of github, there is a Hello world guide were we can learn how to do a repository.
So Learn how to
Create a Repository
Create a Branch
Make a commit
Open a pull request
Merge the pull request
Found the all experience really interesting

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Hi, i hope is fine i used directly Compound, i supplied a part of ETH and borrowed some DAI, all went fine , i have in my balance :slight_smile:

i tried to open CDP from maker but the fee cost are very high, can you explain me why ?(i know i can use test-net but I want to open a CDP with real money later on with my ledger) below screenshots.

For sure this is useful to:

  • “Lock the price” of the collateral in case you would need cash quickly , i find this a lot interesting to be honest especially in this time, where you expect to earn money in next following months from your collateral.
  • Use for trading opportunities without having to exchange your ether directly.

P.S. : i lived in philippines for 3 years and married a filipina , i also have a small house in Cavite province, it’s good that you are trying to educate about the blockchain technology there. I’m using Coins.ph for a year to send money in philippines trough BTC, is a very good app.

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I am new to the DeFi space and I can see the benefits of staking coins for the point of earning interest in a decentralized environment. But I am currently struggling to see the benefit as a borrower. Say for instance, if I’m using ETH as a collateral and need to tie up 150% of the value, why not just trade the ETH directly for what it is you are looking to borrow? Or say, for instance, if you are wanting to stake your ETH to borrow money buy a house, I don’t see how conceptually that will be feasible unless the price of housing comes down tenfold. Am I missing something because I really don’t see the incentive as a borrower?

Enjoying this deep dive into the using these lending protocols. Thank you so much!

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Nice very sharp :wink:
Keep it up.

Amazing man.
I got some aggression from the local government … guns and mussels :open_mouth:
Very said to see the Philippines go to hell like that the government is the most corrupt government in the world I think …

I will have to move away from the Philippines for now …
There is such a narrow minded thinking there … but I do see the Philippines as the perfect place to build unstoppable code to empower the population to raise up against there government … I will keep funding and helping out my charity in the Philippines and will hope to one day inject the Philippines monetary system with a healthy virus that will take down their corrupt system.

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